Each obligation type where penalty and interest charges are applicable must be configured appropriately:
Define the default debt category priority.
It should include appropriate P&I controls that define the P&I rules that are in effect
It should include appropriate P&I calculation algorithms. The following provides a list of the plug-in spots that must are required for P&I calculations. Unless noted, base algorithms are provided. If the functionality provided in the base algorithms does not satisfy your implementation's business rules, you may define your own:
P&I Calculation
Determine Balance Details
Retrieve FT Details
P&I Prepare Periodic Balance
P&I Pre-processing
P&I Post Processing - algorithms are provided for all algorithm types except for the cash accounting algorithm type. That one needs to be configured with the appropriate adjustment type.
In addition to the required algorithms above, if your implementation's business rules include P&I Eligibility requirements, provide appropriate algorithms.
Copyright © 2007, 2016, Oracle and/or its affiliates. All rights reserved. Documentation build: 2.5.2016 10:21:45 [T1_1454696505000]