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.