Article Details
Product:finPOWER Connect
Job: J019332

Revolving Credit Loans; now support overriding dates for Interest Cycles

Revolving Credit Loans now support overriding dates for Interest Cycles. This include:

  1. When adding a new Loan the first Interest date can be specified.
  2. When changing the Interest Cycle you can specify both the frequency and next date Interest will be charged.

The standard Revolving Credit Loan Contract for NZ CCCFA has been modified to include the date of the first Interest charge, if entered. Example text "Interest is charged to your account every end of month. First Interest will be charged on 31 October 2017.".

The following standard Summary Page blocks have been updated:

  • "Account_Interest" has been updated to version 1.10 on 31/07/2017.

The following Document has been updated:

  • "Loan_Contract_NZCCCFA_RC.xml", Document Id "LCRC", has been updated to version 1.03 on 31/07/2017.