For Catchup/Cleanup Product to Calculate & Invoice Catchup Interest Based on Scheduled Payments (Doc ID 2050294.1)

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.

Goal

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
 

Solution

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