Default (and other) Fees; after being reversed it will automatically recharge during Account Processes

Default Fees that have been reversed are recharged during Account Processes - if the Account Type is setup to backdate Interest calculations. When a Default Fee is reversed it updates the backdated to date on the Account. This triggers Interest to be recalculated, including related charges such as the Default Fee.

This is because Interest and related charges are charged to and dated the same date. This technically means Interest charges occur after all other transactions on that day, i.e. after the end of the day but before the next day. The related charges, i.e. Default Interest, Other Interest, Default Fees, Over Limit Fees and Facility Fees are also charged on this basis.

Therefore, a change has been made so that when related charges are reversed they update the "backdated to date" to the day after.

Note, Interest remains the same, i.e. if reversed Interest will be recalculated.