Article Details
Id:9554
Product:finPOWER Connect
Type:NEW
Version:1.04.04
Opened:23/06/2011
Closed:22/12/2011
Released:01/02/2012
Job: J007677

Refinancing; Non-New Zealand Security Statement handling implemented

Refinancing of Accounts linked to Security Statements has been implemented for non-New Zealand databases.

A new page will appear at the end of the Account Close (Refinance) wizard summarising what automatic action (if any) will be taken regarding Security Statements and what action (if any) the User should consider taking.

The only automatic action that will be taken is that if the Account being refinanced has a Security Statement and the Account being refinanced into does not (which is always the case when refinancing to a new Account), the Account being refinanced into (or the new Account) will be added to the original Account's Security Statement.