The core of the pay plan recommendation rule is the Generate Payment Schedule plug-in. The base package provides two general methods for calculating a payment schedule: fixed amount and fixed duration.
One set of base-package algorithms assume that P&I controls are applicable to the pay plan’s covered obligations. These algorithms include penalty and interest charges in the calculated scheduled payments:
Schedule Fixed-Amount Payments With P&I Forecasting: C1-PP-FIXAMT
Schedule Fixed-Duration Payments With P&I Forecasting: C1-PP-FIXDUR
Schedule Fixed-Amount Payments Without P&I Forecasting: C1-NOPI-FAMT
Schedule Fixed-Duration Payments Without P&I Forecasting: C1-NOPI-FDUR
Copyright © 2007, 2015, Oracle and/or its affiliates. All rights reserved. Documentation build: 8.3.2015 14:40:38 [T1_1438638038000]