The product provides a page where a user can view the details of the penalty and interest calculation for a given obligation. However, because the calculation of each penalty or interest transaction is governed by the algorithm linked the P&I rule, the algorithm is responsible for supplying the details shown on this page. this section provides more information on how to configure the system to provide P&I details.
Refer to Detailed P&I View for more information about the page and its behavior.
The working FT section of the internal P&I data area used during the penalty and interest calculation include a collection of one or more calculation info strings that can be populated with the details related to the calculation of the charge. This information is passed out to the calling program using the main P&I data area.
Because each P&I charge is calculated by an algorithm, it's the algorithm's responsibility to provide the details of the calculation.
The base product algorithms populate the detail based on their specific calculations. Click here to see the algorithm types provided by the base product and view their description details for more information.
If your implementation defines custom P&I rule algorithm to support your specific calculations and your users may wish to view the details of the P&I calculation using the Detailed P&I View page, you should populate one or more calculation info strings in the P&I data areas appropriately.
The base product does not store the calculation details with the adjustments created for penalty and interest. The details are only provided by the base product algorithms when the Calculate P&I service is called with the P&I Detailed Forecast action.
Copyright © 2011, Oracle and/or its affiliates. All rights reserved.