Is It Possible To Define Payment Patterns When The Principal Payment And Interest Payment Are On Different Dates (Doc ID 383149.1)

Last updated on MAY 26, 2015

Applies to:

Oracle Risk Manager - Version 4.5 to 4.5.39 [Release 4.5]
Oracle Transfer Pricing - Version 4.5 to 4.5.39 [Release 4.5]
Information in this document applies to any platform.
Oracle Financial Services Applications (OFSA) 4.5
Checked for relevance on 26-May-2015.

Goal

Question #1

Is it possible to create a Payment Pattern for a instrument that has the Principal Payment and Interest Payment are on different days or on the same day?


Question #2

How do you setup a payment schedule when a loan has an irregular principal payment?

Since each loan can be different and they do not fall within a group of payment patterns, how should the payment schedule for each individual loan be defined?

Solution

Sign In with your My Oracle Support account

Don't have a My Oracle Support account? Click to get started

My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms