Defaults; Default Interest charged incorrectly

Default Interest is charged where not expected, or over charged.

This may occur under the following scenario:

• Account Type.
• Default Interest Overdue Basis is "Contractual Overdue".
• Payment Grace Period "Charge Defaults in partial grace period at end of Interest Period?" is unchecked.
• Account becomes Overdue, or more Overdue, within the Payment Grace Period.

In this case the Contractual Overdue Balance value is not adjusted for the Payment Grace Period.