Article Details
Id:18100
Product:finPOWER Connect
Type:NEW
Version:3.04.00
Opened:14/04/2021
Closed:20/04/2021
Released:30/06/2021
Job: J026366

HTML Widgets; Standard Transaction HTML Widget; New "Per Annum?" option for percentage basis rates

A new "Per Annum" option for percentage basis Standard Transactions has been added to the Account Standard Transaction HTML Widget.

This allows you to specify an annualised Rate, e.g., 12%, rather than a per frequency rate, e.g., 1% (if monthly).

It also helps with rounding errors on large values. For example, a fee of 1.75% per annum (charged monthly) on a Credit Limit of $5,000,000 is $7,291.67 per month - but a monthly rate of 0.1458% equates to $7,290.00.

The following HTML Widget has been updated:

  • HtmlWidget_AccountStandardTransaction
    • Version: 1.12 (20/04/2021)