Revolving Credit Loans; New Minimum Payment basis of "Interest Balance" and "Interest/Fees Balance"

New Revolving Credit Minimum Payment basis options of "Interest Balance" and "Interest/Fees Balance" have been added.

These basis are simply the balance of Interest (or Interest + Fees Interest Bearing + Fees Non-Interest Bearing) less any existing Overdue balance. It is assumed Overdue are from previous Minimum Payments for Interest.

Note, 'Interest Balance' and 'Interest/Fees Balance' may not be suitable without customisations if Interest is charged on the same day as the Statement and the Minimum Payment Due Days is set to 0. In this case the Statement, Interest and Payment all fall on the same day, and means that the Payment does not pay off the Interest charged on the same day.

In any case, if you intend using these options you should carefully test they work for your Loans before using.

Note, "Interest Only" and "Interest/Fees Only" basis work by examining the "Interest" and "Fee" Transactions listed on the Statement.

The following standard Summary Page block has been updated:

• Account_MinimumPaymentsSummary2
• Version: 1.03 (14/09/2021)