FIX3.01.00 · Released 23 February 2018

FIXfinPOWER Connect

Released in

3.01.00

23 February 2018

1. Opened4 Jan
2. Closed4 Jan
3. Released23 Feb

Article 15134 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:

1. Deposit Accounts; if Interest Cycle is "At Maturity", the First Date can no longer be entered.
2. Revolving Credit Loan Accounts; Interest Cycle of "At Maturity" is no longer supported.
3. Account Interest Cycle Change wizard; if Interest Cycle is "At Maturity", the Next Date can no longer be entered.