Planned Rate Change Browse

Purpose

Provides access to create, alter and post updated instalment amounts and/or maturity dates for planned interest rate changes to Variable Loan accounts. Communication rate change advices may also be created.

Note: this process will only update P&I loan accounts (loaded with an instalment) with the applicable rate change. Interest only accounts are not included.

It is recommended that if a single interest profile is being applied to both P&I and Interest only accounts, that a new profile is created and applied for the interest only accounts. These may then be maintained separately.

Timing

This browse will normally be accessed when planned rate changes are to be created and processed.

Access

1. Variable Loan | Create & Maintain Planned Interest Rate Changes
   

Search Criteria

Browse Specific Search Criteria

Field	Explanation
Status	Select the status of the planned rate changes to be viewed New = Communication had not been created Ready to Post = Communication created, calculations resulting from rate changes are waiting to be posted Posted = Maturity Date / Instalment changes have been posted to loan accounts Unposted = Shows new and pending rate changes
Effective Date	The date of the Interest Rate change may be entered here if multiple rate changes are being applied across different dates

Browse Specific Function Buttons

[Button]	Explanation
	Launches a Process wizard that generates the list of accounts that will be affected by the interest rate change
	Allows accounts to be removed from the list
	Launches the Planned Rate Change Details dialog
	Provides a shortcut to a selected Account Details dialog
	Launches a process wizard that will allow the creation of Communication to the client advising of the upcoming rate change The planned rate change that you wish to create communications for must be highlighted in the results grid prior to accessing the wizard
	Launches a process wizard that will post the updated instalment amount or maturity date to the account The planned rate change that you wish to post must be highlighted in the results grid prior to accessing the wizard

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