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How To Stop Invoice/Credit Memo for Interest/Principal Streams on Zero Payment Loan Contracts ? (Doc ID 2627460.1)

Last updated on FEBRUARY 03, 2022

Applies to:

Oracle Lease and Finance Management - Version 12.2.8 and later
Information in this document applies to any platform.


How to stop Invoice/Credit Memo generation on Interest and Principal for Zero Payment Loan Contracts for below scenario?

LOAN contract booked with 0 payment for the first months at the beginning of contract.  The streams generated for these 0 payments periods are :

LOAN PAYMENT stream is for zero value as expected
INTEREST PAYMENT stream is  a positive value
PRINCIPAL PAYMENT amount is a negative value ( to offset the INTEREST PAYMENT as total payment should be zero)

After Billing invoices are generated for INTEREST PAYMENT and credit memos are generated for PRINCIPAL PAYMENT  with same value but different sign.

As the loan payment is 0, is there a way to stop Invoice/Credit Memo for these Zero payment periods?



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