EIR Interest Calculation Only For Transaction In LLFP v8.1
(Doc ID 2761254.1)
Last updated on MARCH 23, 2021
Applies to:Oracle Financial Services Loan Loss Forecasting and Provisioning - Version 8.0.0 and later
Information in this document applies to any platform.
In the current methodology of EIR Adjustment process, the interest is only calculated when the Transactions are made against the account. If no transactions are there, there is no interest calculated for that particular month.
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