FIX2.01.00 · Released 27 June 2014
High Importance
FIXfinPOWER Connect
Released in
2.01.00
27 June 2014
  1. Opened2 May
  2. Closed2 May
  3. 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.