FIX3.02.01 · Released 12 September 2019

FIXfinPOWER Connect

Released in

3.02.01

12 September 2019

1. Opened21 Aug
2. Closed21 Aug
3. Released12 Sep

Article 16270 Job J022803

Future Loan Account Schedule; reversed Default Fee transactions do not show Overdue reversed

There is an issue with Default Fees that are due immediately, i.e. have an Overdue amount, and are reversed.

When generating a future schedule, where a Default Fee is reversed and that Transaction is due immediately, the Overdue amount is not reversed in the schedule. This means the Overdue Balance is incorrect and therefore Default Interest etc may be incorrectly calculated.

Note, the reversal Transaction is created correctly, i.e. has a negative Overdue value, in Account Processes. However, Default Interest etc will still be calculated using the incorrect Overdue balance.