The base product provides a BO for P&I Control C1-StandardPIControl. Your implementation can add additional business rules to this BO as required. If your implementation has radically different requirements for your P&I controls, you can create a different business objects with their own business rules.
The base product supplies two BOs for P&I Rules.
C1-MonthlyChargePIRule - this BO includes an algorithm that calculates the monthly charge with a Not to Exceed limit, using a rate schedule.
C1-SimpleCalculationPIRule - this BO includes an algorithm that calculates a simple charge applying a rate factor to the outstanding calculation basis amount.
Your implementation can define add additional business rules to these BOs as required. If your implementation's P&I rules are not satisfied by one of the above business objects, you may create your own using the above as samples. The following points highlight the important configuration for this business object:
Develop the appropriate rule processing algorithm to calculate the charge correctly.
If waivers are applicable for the P&I rule's debt category, be sure to plug in appropriate rule processing algorithms to handle waiving the P&I rule's charge
For any configuration required by the rule processing algorithm, consider whether it should be defined when configuring the P&I rule by a business user. If so, include the appropriate elements in the P&I rule business object's schema.
Determine whether any P&I Rule Pre-processing algorithms are applicable for this type of rule.
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