Article Details
Id:14588
Product:finPOWER Connect
Type:FIX
Version:3.00.06
Opened:19/05/2017
Closed:22/05/2017
Released:29/06/2017
Job: J019052
High Importance

Revolving Credit Loans; Negative Payments may not be taken into account when making am Overdue Adjustment for Minimum Payments

Revolving Credit Loans may incorrectly add a Minimum Payment Overdue Adjustment.

This occurs when a Negative Payment is added dated after the original Payment date but within the days for Negative Payment matching (defined on the Account Type).

The Negative Payment correctly shows as reversing the original Payment, however this is not taken into account when making the Minimum Payment balance adjustement.