Is There a Way to Adjust the Current Payment of a Conventional Loan to Be Different Than the Remaining Payments?
(Doc ID 2664888.1)
Last updated on MAY 05, 2020
Applies to:Oracle Financial Services Asset Liability Management - Version 184.108.40.206.0 and later
Information in this document applies to any platform.
Oracle Financial Services Analytical Applications (OFSAA)
Oracle Financial Services Asset Liability Management (ALM)
Oracle Financial Services Enterprise Performance Management (EPM)
Is there a way to adjust the current payment of a Conventional Loan to be different than the remaining payments ?
User would like to model conventional fixed loan with AMRT_TYPE_CD=100 to do a one time adjustment on current payment for 6 months due to Covid-19. A lot is rescheduled by 6 months after the sixth months, user will pay the interest then continue the monthly payments. User would like to pass to the Cash Flow Engine a scenario on the next payment data the normal payment + 6 month of interest amount but after the 6 months, have the engine to take the normal payment amount for the remaining payments. In other words, on the next payment date (cur_payment +6 months interest ) and another one (cur_payment) in the remaining life of the loan.
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