FIX2.01.00 · Released 27 June 2014
High Importance
FIXfinPOWER Connect
Released in
2.01.00
27 June 2014
- Opened2 May
- Closed2 May
- Released27 Jun
Article 11843
Job J013178
Revolving Credit Loans; unexpected Overdue Adjustment (Minimum Payment) transaction added
An unexpected Overdue Adjustment (Minimum Payment) transaction may be added to Revolving Credit Loans.
The issue is created under the following circumstances:
1. Account Type, Payment page, Minimum Payment setting "Carry forward prepaid overdue Balance?" is unchecked.
2. Account Type, Payment page, Grace Period is used - and normally is quite high, e.g. 5 days.
3. The Minimum Payment is paid on the due date.
4. The Payment is bounced.
5. A Manual payment is made within the payment grace period for the minimum payment amount.