FIX2.02.04 · Released 13 February 2015
High Importance
FIXfinPOWER Connect
Released in
2.02.04
13 February 2015
  1. Opened2 Feb
  2. Closed2 Feb
  3. Released13 Feb
Article 12605 Job J014826

Payment Arrangement; incorrect Overdue Balance Adjustment made if Loan has been Restructured

If a Loan has previously been restructured the Overdue Balance Adjustment, when clearing Overdues, in a Payment Arrangement may not be correct.

This can be seen when "Hold Overdue value?" is unchecked and viewing the Financial Schedule. The Balance Adjustment transaction will not bring the Overdue Balance to zero - it will be out by the Overdue amount as at the previous restructure.