NEW3.03.00 · Released 1 May 2020

NEWfinPOWER Connect

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3.03.00

1 May 2020

1. Opened21 Feb
2. Closed26 Feb
3. Released1 May

Article 16755 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.