How payments are applied for spreads for loans? (Doc ID 1605532.1)

Last updated on MARCH 01, 2017

Applies to:

Oracle Daybreak - Version 9.5 to 11.5 [Release 9 to 11]
Oracle Financial Services Lending and Leasing - Version 11.5.1 to 14.0 [Release 11 to 14]
Oracle Financial Services Lending and Leasing Cloud Service
Information in this document applies to any platform.
Payment Spread and Due Date Advancement Code.

Goal

This document brief about the Spread available in the System. Also how the payments can be applied for the various balances as per the liquidation order defined in a spread.

Solution

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