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
Loans Modified Statement Fee charging option to use the DR GL Account from the Business Code of the loan being charged if the subledger for the fee does not have a DR GL Account. New option on Business Codes to charge ODI as a debit, and to specify a related subledger. New option on Delinquency Reporting System to specify a filter used to calculate totals used as a basis for percentages in the footer of the report.
Investments Fixed interest balance projection for accounts where interest is paid to investor when due. Fix interest projection report when account starts on the last day of an interest period Modified payout quote on investments where interest is paid to investor rather than being capitalized. The interest credit and interest payment now both show on the payout quote. Loans Prevent changes to the “Outstanding Balance” field on the “Change Schedule” form.
Loans- Business Codes A new option to specify the number of days after a rate change / interest run to schedule a new repayment calculation when the rate changes. You now have the ability to specify a different number of days for the interest-only and principal portions of a hybrid loan. A new option to preserve any unpaid / overdue entries in the repayment schedule when changing the schedule.
Loans Fix bug with interest rebates not appearing on payout quotes for accounts that had not yet been through an interest run. Improved the accuracy of the “Change Schedule” option for accounts that are already active. New “RepaymentFrequency” parameter when using the API to create new loans. Fixed “Ambiguous column TransactionDate” error on the Receipt Allocation Report
Loans New option on subledgers “Include On Receipt Allocation Report” which will treat any transactions for this subledger as Holdback Income on the receipt allocation report. Fixed bug when creating interest only repayment schedules to improve the accuracy of repayment amounts based on the number of days in a month. Fixed inaccuracies in the “Projected Balance” fields on the loan form. Fixed inaccuracies in ODI calculations which were based on the number of days in arrears.
Loans New bank transaction import format “PayWay”. New fields on Loan form show projected net balance inclusive and exclusive of current months interest. New options on Business code to calculate new repayment amounts after drawdowns and rate variations based on Projected Net Balance Inclusive and Exclusive of current month interest. The Loan Summary Report now has an option to include both ODI and Special charges on the report. Fixed bug in Transaction Audit Report which mistakenly included reversals of special charges in the “Reversals” section instead of the “Special Charges” section.
Sumary of changes: The “Original Term” of a loan is now recorded for historical purposes. New option to add the “Days of Grace” when working out the arrears balance in ODI calculations. New “Discharge Date” and “Discharge Amount” on Loan Securities. Loan LVR calculations now include “Scheduled” LVR which is based on the scheduled (as opposed to current / net) balance of the loan. New logic to allow the calculation for new repayment amounts to be based on the Scheduled (as opposed to current / net) balance when drawing down additional funds from a loan.
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