CL:Residual Value Implementation For The Principal Component.
(Doc ID 2745009.1)
Last updated on JANUARY 21, 2021
Applies to:Oracle FLEXCUBE Universal Banking - Version 12.0.3 and later
Information in this document applies to any platform.
Residual Value is a value given in a UDE at the time of booking loan. when the loan is booked and disbursed Bank wants that system should manage the principal schedules in such a way that its bullet schedules will be of the same amount as of RV amount given in the UDE while booking the contract.
As this is normal practice in Islamic Ijar Product. So it's expect this should also work in Conventional Products as well.
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