For Catchup/Cleanup Product to Calculate & Invoice Catchup Interest Based on Scheduled Payments
Last updated on AUGUST 31, 2015
Applies to:Oracle Lease and Finance Management - Version 12.1.3 and later
Information in this document applies to any platform.
For Catchup/Cleanup product the client requires that the Catchup Interest be calculated & invoice only when there are scheduled payments in the period. Currently Interest catchup can be setup to be a frequency of Monthly, quarterly, Semi-Annual and Annual only. If the contract has zero payment periods in the middle of the term, they do not want interest catchup for that period.
Client understands that this is not standard functionality and thus this is an enhancement request
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