Article Details
Id:8490
Product:finPOWER Connect
Type:FIX
Version:1.03.00
Opened:09/02/2011
Closed:14/02/2011
Released:24/03/2011
Job: J006912

Land Security Items; logic behind Priority Amount changed

Land Security Items have additional "Prior Ranking Mortgages" that other base types don't have.

Previously the logic was Priority Amount = Adjusted Value x Percentage.

This logic has changed to Priority Amount = Total Value x Percentage - Prior Ranking Mortgages.