Post Instalment Details

Purpose

Post Instalments due up to and including the posting date on Fixed and Variable Loan accounts

This process:

• Deducts the instalment amount from the future ledger balance and debits the current ledger balance
  
• Posts the accrued default interest

Timing

The process is run daily with yesterdays date (or the last business day) so that

• Arrears processing will be correct. (payments made on the due date will have been receipted)
  
• For consumer loans, Interest is not being posted in advance (CCCFA regulations)
  

Access

1. Fixed Loan | Post Instalments Due
   
2. Variable Loan | Post Variable Loan Instalments Due

Process

The posting date will default to yesterdays date

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