Article Details
Id:10669
Product:finPOWER Connect
Type:NEW
Version:1.06.05
Opened:23/08/2012
Closed:07/11/2012
Released:26/11/2012
Job: J010232

Revolving Credit Loan Accounts; now support a Maturity Date

Revolving Credit Loan Accounts now support a Maturity Date.

The Account Type includes settings that define whether a Maturity date (ie Term) is used, is mandatory, a default term and minimum/ maximum terms as well as whether a Maturity date can be entered in the New Account wizard.

The Maturity date can then be entered in the New Account wizard, and displays here as well as in the Financial page of the Account form.

From the Account's form, Financial page you can drilldown to view a history of Maturity date changes as well as effecting a change to the Maturity date.

All Account calculations for a Revolving Credit Loan with a Maturity date are now shown through to at least the Maturity date. However, no attempt is made to complete the Loan via a final payment.

New Permission Keys "MaturityDate" and "MaturityDateRevise" to prevent users viewing the Maturity Date history and revising the Maturity Date respectively.

New Information List "AccountLogMatDateSubjects" defines Log Subjects for optional Log that can be created when updating the Maturity date.

New Account audit option, defined under global settings. Will always audit changes, but log is optional.

The following built-in scripts have be updated:

"SummaryPage_Account_Financial" to version 1.14 (6/11/2012)
"SummaryPage_Account_Status" to version 1.15 (9/11/2012)
"SummaryPage_AccountHistoryItems_HistoryItemSummary" to version 1.01 (6/11/2012)