Article Details
| Id: | 12605 |
| Product: | finPOWER Connect |
| Type: | FIX |
| Version: | 2.02.04 |
| Opened: | 02/02/2015 |
| Closed: | 02/02/2015 |
| Released: | 13/02/2015 |
| Job: | J014826 |
 High Importance |
|
Payment Arrangement; incorrect Overdue Balance Adjustment made if Loan has been Restructured
If a Loan has previously been restructured the Overdue Balance Adjustment, when clearing Overdues, in a Payment Arrangement may not be correct.
This can be seen when "Hold Overdue value?" is unchecked and viewing the Financial Schedule. The Balance Adjustment transaction will not bring the Overdue Balance to zero - it will be out by the Overdue amount as at the previous restructure.