News

Loans New facility to exclude special charges when generating direct debits. To enable this, go into Setup / Business Codes, and tick the box “Direct Debits Exclude Special Charges”. If this option is set at the business code level, it can be disabled for individual loans on the repayment schedule screen by ticking the box “Direct Debits include special charges”. New facility to exclude Residual Values from inertia processing. To enable this, go into Setup / Business Codes and tick the box “Exclude RV from Inertia”.

Version 3.85 released (26 Oct 2010)

in tango32

October 26, 2010

Loans The security log will now be updated if someone changes the “Hold Processing” status of a loan. Fixed a bug which caused monthly fees to be charged on accounts that had a settlement date after the date of the interest run. New import format for CBA “Direct Entry Dishonnor” (MA23) format files. Improved the narrative on interest payments to linked mortgagees.When entering a loan via the wizard, if you switch from an Interest-Only to a non-Interest-Only business code, the system will ask if you want to zero out the “Residual / Balloon” field.

Version 3.84 Released (19 Oct 2010)

in tango32

October 18, 2010

Loans - Interest In Advance If a business code is configured to have “Interest In Advance” loans, the interest cycle logic has been changed so that the cycle starts on the due date for the current repayment, and ends on the day prior to the due date for the next repayment.Fixed inaccuracies when interest in advance was charged on a common day. Loans - Variable Rate There are new form letter fields to record the details of the most recent interest rate change, to assist in creating correspondence about interest rate changes:

Version 3.83 Released (05 Aug 2010)

in tango32

May 8, 2010

Loans There is an option to allow loans to have interest charged to the account on the anniversary day of the loan rather than the last day of the month. This version ensures that interest charges will be charged on the correct day for interest-in-advance loans. New subledger option for subledgers that are charged when a loan completes to only charge the subledger for writeoff transactions instead of for all loan-completion transactions such as payouts.

Version 3.82 Released (04 Aug 2010)

in tango32

April 8, 2010

Loans Fixed the “Invalid use of Null” error when displaying the repayment tab of a loan. Consumer Credit Payout Quotes now include subledgers charged at the completion of a loan. All payout quotes will ignore subledgers charged at completion of the Start / Stop month settings prevent that subledger being charged.

Version 3.81 Released(03 Aug 2010)

in tango32

March 7, 2010

Loans Fixed the “Invalid use of Null” error when displaying the repayment tab of a loan. Consumer Credit Payout Quotes now include subledgers charged at the completion of a loan. All payout quotes will ignore subledgers charged at completion of the Start / Stop month settings prevent that subledger being charged. Loans When defining drawdown types, there are new options to: 1. Allow new payments due share the same anniversary day as prior payments.

Version 3.80 Released (02 August 2010)

in tango32

February 7, 2010

Loans New facility for drawdowns to re-activate completed loans, and remove any completed entries from the repayment schedule. Fix bug which showed incorrect arrears on loans which had been re-activated by a drawdown. New facility to set a particular type of drawdown as the default type to use when entering a drawdown transaction. Fixed infinite loop bug when posting drawdown transactions on interest in advance loans with non-monthly interest periods.

Version 3.86 Released

Version 3.85 released (26 Oct 2010)

Version 3.84 Released (19 Oct 2010)

Version 3.83 Released (05 Aug 2010)

Version 3.82 Released (04 Aug 2010)

Version 3.81 Released(03 Aug 2010)

Version 3.80 Released (02 August 2010)

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