Article Details
Id:19106
Product:finPOWER Connect
Type:NEW
Version:3.04.04
Opened:25/08/2021
Closed:25/08/2021
Released:09/06/2022
Job: J027289

Floating Rate Loans; added option to print an Interest Rate Change Advice

Floating Rate Loan Accounts now have an option to print an advice as part of the Interest Rate Change process.

The Document is defined under Admin, Account Types, Documents page "Interest Rate Change Advice".

When the Account Interest Rate Change wizard is run for a Floating Rate Loan Account and the Advice is defined on the Account Type an extra "Print Advice?" checkbox is shown (default is checked). This will create the Document Log when the wizard is completed.

NOTE: If using an Interest Type of "Floating Rate" you should use the Floating Interest Rate Change process in preference to directly altering Interest Rates via this wizard.

The following sample Document has been updated:

  • APRA, Account Payment Revision Advice
    • Version: 1.02 (09/05/2022)
    • Account_PaymentRevisionAdvice.xml

DISCLAIMER: As per your Software Licence Agreement, before using sample Documents it is your responsibility to make sure the sample Documents are fit for the purpose and work as required and shall, as necessary, seek independent professional advice from sources such as Lawyers, Accountants and Government Agencies.