Article Details
Id: | 16755 |
Product: | finPOWER Connect |
Type: | NEW |
Version: | 3.03.00 |
Opened: | 21/02/2020 |
Closed: | 26/02/2020 |
Released: | 01/05/2020 |
Job: | J023775 |
Comparison Rate; Account Type option added to define a future date that the Maximum Rate changes
A Loan Account Type can define a Comparison Rate with a specified Maximum Rate. A new option has been added to define the next date and rate to handle where the Maximum Rate is changing.
For example, if the current maximum rate is 50% and is changing to 48% on 1 June enter the Maximum Rate as 50% and the Next Max Rate and Date as 48% and 1 June.