How To Interpret Interest Payment Frequency And Interest Payment Frequency Unit
(Doc ID 2524276.1)
Last updated on NOVEMBER 06, 2019
Applies to:Oracle Financial Services Loan Loss Forecasting and Provisioning - Version 8.0.0 and later
Information in this document applies to any platform.
Interest Payment Frequency column data type is Number(5). However, permissible values like ‘Monthly’, ‘Bi-Weekly’, ‘Quarterly’, ‘At Maturity’, etc.
- How to update the values which are characters into Numeric fields? If a loan has a frequency of ‘At Maturity’, is n_interest_frequency just 0 or 1?
- What Payment Frequency Unit would be used for payments that only occur once over the maturity period of the contract?
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