Variable Loan Facility Fee Details
Purpose
Setup of the details required to charge a fee on the unused proportion of the Variable Loan facility limit.
Access
Variable Loan | Access Variable Loan Accounts |
|
- Dialog Details
Detail Specific Fields
Field | Explanation |
Rate | Enter the percentage rate the fee is to be charged at Note:
this rate cannot be altered during the life of the account, without the fee
re-calculating from the start date of the fee posting |
Next Posting Date | Enter the first date the fee should be charged This
will automatically be updated using the specified frequency and day when
Facility Fees are posted |
Previous Posting Date | Display only Will
show the last date the facility fee was posted |
Total Fees Posted | Total facility fees charged to date |
Facility Fee End Date | This is the date that all advances have been
made, and no further fees should be charged |
Related Articles
Portfolio Details
Purpose To record security details taken over items not registered through the PPSR, such as Mortgages and allow reporting of these items (including LVR calculations). Access Refer to Account Portfolio Browse Dialog Details Detail Specific Fields ...Post Variable Loan Facility Fees
Purpose To post the Variable Loan Facility Fee accrual up to the specified posting date. Prerequisites A Facility Fee Transaction Type must have been specified on the Variable Loan Account Type for the process to work. Access Variable Loan | Post ...Portfolio Browse
Purpose To provide a list of Portfolio security items that have been established Access Accounts - Edit/View Account Portfolios from a Client details dialog This button will only be displayed on the Client details dialog if the Account Control field ...Variable Loan Account Details
Purpose Variable Loan accounts are used to manage any loan where terms and conditions change over the life of the loan. Common changes may be interest rates, repayment amounts or maturity dates. Timing Variable Loan Accounts may be viewed at any ...Portfolio RBNZ Categories
Concept An export process can be completed to populate Section 3.1 of the RBNZ NBDT Prudential Monitoring Survey. In order for this to calculate and populate correctly, some consideration must be given to the way that the portfolio and account ...