Article Details
Id:12588
Product:finPOWER Connect
Type:FIX
Version:2.02.04
Opened:23/01/2015
Closed:27/01/2015
Released:13/02/2015
Job: J014783
High Importance
Breaking Change

Restructured Loan Accounts; the grace period for Payments may not work as expected

After a Loan Account is restructured the grace period for Payments may not work as expected.

This means Payments may not be re-dated to their due date if within the grace period - and amongst other things Interest and Default Interest may be charged at a higher value.