Article Details
Id:21263
Product:finPOWER Connect
Type:FIX
Version:4.01.00
Opened:25/05/2023
Closed:11/03/2024
Released:29/04/2024
Job: J031160

Account Payment Arrangement Advice; updated to show payment schedule details from the Arrangement

The Account Payment Arrangement Advice has been updated to show payment details from the Arrangement - if it was created when making an Arrangement.

Previously some details on the Advice, especially the schedule and list of payments, were taken from the current state of the Loan - i.e. not necessarily as at when the Arrangement was made.

The Variation Summary may still print information from the current state of the Loan if printed more than 7 days after the Arrangement, or details such as total payments made or cost of borrowing have changed since the Arrangement. If this is the case the following text will be included "Note: the 'Current' column shows variations based upon the current status of the Loan, rather than at the time of the last Arrangement.".

The following sample Document has been updated:

  • APA, Account Payment Arrangement Advice
    • Version: 1.09 (11/03/2024)
    • Account_PaymentArrangementAdvice.xml

DISCLAIMER: As per your Software Licence Agreement, before using sample Documents it is your responsibility to make sure the sample Documents are fit for the purpose and work as required and shall, as necessary, seek independent professional advice from sources such as Lawyers, Accountants and Government Agencies.