Full settlement of the Forward Ijarah Reducing finance facility for an account (Doc ID 2246117.1)

Last updated on APRIL 11, 2017

Applies to:

Oracle FLEXCUBE Universal Banking - Version 10.0 and later
Information in this document applies to any platform.

Goal

Bank wants to fully settle the Forward Ijarah Reducing finance facility for an account. Ideally, the account should provide us the profit as on date of settlement which is today and not on future date.

Solution

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