Account Payment Arrangement; save additional information for NZ CCCFA

An Account Payment Arrangement now saves additional information for the New Zealand CCCFA.

This includes the current (as at immediately prior to the Arrangement) and new values for final payment date, payments made to date, total payments, total interest, total fees and total cost of borrowing.

Note, total values include transactions already posted and those projected into the future and shown in the financial schedule.

This information is displayed in the Payment Arrangement Summary Page, similar to:

Final Payment: 01/08/2023 Original Contract 01/11/2022 (increase of 273 days)
Total Payments: 13,988.38 Original Contract $12,998.20 (increase of $990.18)
Remaining Payments: 15,222.38 Original Contract $14,232.20
Total Interest: 5,091.38 Original Contract $4,123.70 (increase of $967.68)
Total Fees: 131.00 Original Contract $108.50 (increase of $22.50)
Total Cost of Borrowing: 5,222.38 Original Contract $4,232.20 (increase of $990.18)

NOTE: The "current" information stored is as at immediately prior to the Payment Arrangement, not as at the original Loan Contract or previous variation. This may vary, for example if the borrower does not make payments on the due date. However, the increase/ decrease shown is as per the Original Loan Contract.

The following standard Summary Page block has been updated:

• AccountPaymentArrangement_Summary
• Version 1.03, Last updated 23/08/2021