Article Details
| Id: | 15134 |
| Product: | finPOWER Connect |
| Type: | FIX |
| Version: | 3.01.00 |
| Opened: | 04/01/2018 |
| Closed: | 04/01/2018 |
| Released: | 23/02/2018 |
| Job: | J020058 |
Interest Cycle "At Maturity" should not allow a First Date to be entered
When a Deposit or Revolving Credit Loan's Interest Cycle is set to "At Maturity", a First Date could still be specified, which may lead to Interest only being calculated on the first date.
The following changes have been made to finPOWER Connect:
- Deposit Accounts; if Interest Cycle is "At Maturity", the First Date can no longer be entered.
- Revolving Credit Loan Accounts; Interest Cycle of "At Maturity" is no longer supported.
- Account Interest Cycle Change wizard; if Interest Cycle is "At Maturity", the Next Date can no longer be entered.