NOTE - This version includes updates from version 4.04 which was not publicly released. LOANS Fixes If an account settles on the last day of the month and direct debits are deferred, the date of the next direct debit was incorrectly moving to the last day of the month of the deferment. In some situations Regular & Variation Direct Debits were being selected even if the due date was outside the specified date range.
LOANS ###Fixes Fixed intermittent error when importing loan transctions which cancelled the import when an error message was too long. Fix bug which generated an incorrect regular direct debit amount after a loan had an interest rate change. Fix precedence of global / business code settings for special charges when repairing schedule Fix bug with ODI Calcs based on daily net balance when Interest is monthly nominal Fix Receipt Alocation Report to handle From / To Dates which span more than one month
LOANS Fixes Fixed bug in drawdown module which created incorrect entries in the repayment schedule when the drawdown was supposed to extend the term of an existing loan. Fix problem when variation is due on last day of 31 day month and loan settles on last day of 30 day month. This was causing incorrect dates in the variation schedule. Fix spelling error in Payway Credit Card export. Fix “out by one day” error on smoothed interest in advance loans in their final month.
LOANS Fixes fix string overflow error for direct debits with many conditions Better error handling when Classification5 parameters are entered incorrectly Fix interest calcs for Smoothed Interest Only loans in their first month Fix “out-by-one” error on interest only offset days for non-smoothed IO loans Fix balance error when repairing schedule Fix direct debit variation problem with as at date prior to defer date Fix direct debit variation problem where loan settles on last day of month and nominated date is on last day of short month
Loans Fixes Fix problem with zero hold back accrual in first month when forcing even hold back accruals and account doesn’t start on the first day of the month Fix inaccuracy in “M” (Part Repayment) subledger calculation Fix regular Direct Debit variation on IO loans Fix Direct Debit Variation problem on variations prior to defer date Fix double up of interest in Daily Interest Report for Interest In Advance accounts
Loans Fixed the misspelt form letter field “Gu7arantor2Address” Fixed bug where expired direct debit variations cancelled direct debits based on the repayment schedule. Investments Modified “include active accounts” logic Account Summary Report to use the status of the account on the “As At Date” instead of the current date when working out whether an account should appear on the report. Fix “out by one day” error when using the rollover wizard to roll over an investment into a new account when the SetupInformation / RolloverOnSameDay flag is ticked.
Loans New Direct Debit Variation facility to allow finer control over regular and one-off direct debits. New Fields to record Credit Bureau scoring information against a loan at the time of settlement. Fixed bug in Receipt Allocation Report which didn’t pick up if an account hadfees if that account had not been charged a penalty. So accounts that had never been in arrears and weren’t charged an overdue fee weren’t showing account keeping fees on the report.
Loans Fixed error “Could not find stored procedure” when trying to run direct debit for multiple days. Fixed incorrect date of first Principal and Interest Payment for a hybrid loan where the first and last Interest-Only payments are due on the last day of the month, but the loan didn’t settle on the last day of the month.
Investments New options on Investment Business Codes to specify the default settings for the flags “Pay Interest When Due” and “Pay By Direct Debit” Fix length of parameters when printing Rollover form letters using the printing wizard Fix bug in Rollover Printing Wizard which was counting ROI accounts twice. Added min/max term to Investment Issues and Series New option on Investment Payout Quotes to ignore “Pay Interest When Due” flag so that the quote includes interest that would normally be paid to the investor instead of being capitalized.
General Enhanced Ad Hoc Query system to be able to import data Loans Fixed bug with API calls from external programs such as Phoenix which were creating incorrect repayment schedules for hybrid loans. fixed bug with “Repair Schedule” when fees were scheduled to end of term of a loan. Fixed “zero divide” error and incorrect handing of fees when they were charged advance on P&I report Fixed problem with double up of “date due” in repayment schedule where a loan has several different repayment amounts
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