FIX1.06.05 · Released 26 November 2012

FIXfinPOWER Connect

Released in

1.06.05

26 November 2012

1. Opened8 Nov
2. Closed9 Nov
3. Released26 Nov

Article 10678 Job J010690

New Account wizard; Account Calculations no longer check if balance goes into credit before the Maturity Date

In the New Account wizard Account Calculations no longer check if the Balance for a Fixed Term Loan goes into credit before the Maturity Date.

finPOWER Connect will still test that the final Balance is Nil (or the Residual Value if entered).

Previously, certain scenarios, eg Interest cycle is Yearly, could cause the following message to appear:

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.