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Each Installment Has Its Own Line For Interest When Created In Loans Module (Doc ID 727297.1)

Last updated on DECEMBER 03, 2019

Applies to:

Oracle Loans - Version to [Release 11.5.10]
Information in this document applies to any platform.


You would like to use the new "Floating" interest rate functionality and the mass update report
that goes along with that. In order for that to happen there must be a seperate line for each
installment in the Interest Rate Schedule. Currently, when an order is financed (ERS Loan), the
interest rate schedule is automatically created so that there is only one line for all the
installments. This would require the user to go in and customize the interest rate schedule of
all of their loans. Is there a workaround that will eliminate this manual process?



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