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What is the FLAT AMOUNT in Daybreak LS and how is it calculated? (Doc ID 1605558.1)

Last updated on DECEMBER 03, 2019

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]
Information in this document applies to any platform.
What is the FLAT AMOUNT in Daybreak LS and how is it calculated?
FLAT AMOUNT charges a flat (fixed amount) fee when an account becomes overdue.

Purpose

 To know what is the FLAT AMOUNT in Daybreak LS and how is it calculated.

FLAT AMOUNT charges a flat (fixed amount) fee when an account becomes overdue.

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