Article Details
Id: | 10941 |
Product: | finPOWER Connect |
Type: | NEW |
Version: | 1.06.07 |
Opened: | 26/02/2013 |
Closed: | 26/02/2013 |
Released: | 27/03/2013 |
Job: | J011173 |
Revolving Credit or Fixed Term Floating Rate Add-On, Account Status Reports, Account Interest Rate Variance List; New Report/ Query.
This new report and query are available if you are licensed for Revolving Credit Loan Accounts or Fixed Term Floating Rate Loan Accounts.
- The Accounts that can be included in this report:
- Accounts with an Account Class of Floating Rate Loan, and an interest type of Floating Rate.
- Accounts with an Account Class of Revolving Credit, and an interest type of Fixed Rate.
- It compares the Account's interest rate against a benchmark interest rate and prints the Variance.
- The benchmark interest rate can be entered as a parameter on the report.
- If an interest rate is not entered, the current interest rate from the Account Type is used.
- There are options that can be checked to determine the Accounts that will be printed:
- Include All Accounts; if checked includes all Accounts.
- Include All Accounts, if unchecked enter variance and those Accounts with a variance above this will be printed.