Id: | 9791 |
Product: | finPOWER Connect |
Type: | FIX |
Version: | 1.05.00 |
Opened: | 13/03/2012 |
Closed: | 14/03/2012 |
Released: | 16/03/2012 |
Job: | J009200 |
Account Refinanced; fails to calculate new Account
When refinancing an Account with a small balance and selecting the "New Account" option, finPOWER Connect may error with the following message:
Failed to commit Account Close.
Failed to Refinance Account.
Failed to create Refinance Account.
Cannot calculate Account Payment value.
The Payment value cannot be calculated. Reasons for this include:
1. The Account Balance becomes Zero or goes into Credit before the Maturity date.
This occurs because the timing of payments and interest/ fees and the value of payments cause the Account to go into a negative balance, and the Account Type does not allow this.
finPOWER Connect has been changed to allow a Refinance to continue and add the New Account. However, whilst going through the New Account wizard the Account will need to be updated.