This chapter explains the various types of advises and notices generated at each stage for the type of contract that the Loans module handles.
Once the event is authorized you can generate various types of advises and notices at any time of the day. You can also specify the media through which these advises can be sent. For all the advises and notices discussed here the samples are given below.
To generate the advice, click on Outgoing Message Browser, under Messages in the Application Browser.
The format and contents of the advises can be configured for your requirements. However, the default advice formats are available when Oracle Lending is shipped to you.
Advises are generated to intimate the customer.
his section contains the following topics:
You can generate an advice on the initiation of a loan to inform the customer about the details of the initiated loan. Along with the details of contract initiation, the schedules defined for repayment are also printed in the contract initiation advice.
Once an event is authorized, you can generate the advice applicable for the event anytime you want. You can invoke the ‘Outgoing Message Browser’ screen by typing ‘OLDOUTBR’ in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button.
The format and contents of the advices can be configured for your requirements. However, the default advice formats are available when Oracle Lending is shipped to you.
You can generate this advice to notify the customer about amendments made to the terms of the loan.
Rollover of a contract
You can generate this advice to notify the customer about the rollover of the loan.
Billing Advice for a loan
You can generate the Billing Notice to inform the customer about a payment that falls due.
Delinquency Notice for a loan
You can generate the Delinquency Notice to inform the customer about a pending payment.
The sample advices for each of these are given in the following sections.
Note
The loan payment advice that you send to the customer contains exhaustive tax details, as follows:
INITIATION ADVICE FOR A LOAN
Term Loans Discounted
Transaction Date: 29-DEC-97
Our Reference No : 000LTLD973630008
User Reference No : 000LTLD973630008
US1007
7000 Construction Court
San Diego
CA 92121
WE CONFIRM HAVING PLACED WITH YOU
Principal Amount
------------------------------------------------------------
Principal Amount : 1,000,000.00 USD
Value Date : 29-DEC-97
Maturity Date : 29-JAN-98
Tenor : 31 DAYS
INTEREST/FEE DETAILS
Description Amount CCY Rate Interest Basis ------------------------------------------------------------
INTEREST - USD 15 2
BOOKFEES 20,000.00 USD - -
INITCHGS 20,000.00 USD -
------------------------------------------------------------Transaction
on Initiation
------------------------------------------------------------
Component Value Date Account Amount CCY
------------------------------------------------------------ Component
Description Account Branch ------------------------------------------------------------
INTEREST 29-DEC-97 CORCUF-US1007-010 7,122.00 GBP
Interest 000
LDTAX1_AMT 29-DEC-97 CORCUF-US1007-010 56,973.00 GBP
Tax amount Tag LDTAX1_AMT 000
PRINCIPAL 29-DEC-97 CORCUF-US1007-010 569,723.25 GBP
Principal Amount 000
------------------------------------------------------------YOUR PAYMENT
SCHEDULE WILL BE AS GIVEN BELOW
Component Amount CCY
------------------------------------------------------------ Schedule
Date: 29-JAN-98
INTEREST 12,500.00 USD
PRINCIPAL 1,000,000.00 USD
------------------------------------------------------------ SETTLEMENT
DETAILS
Component Dr/Cr Br Account CCY ------------------------------------------------------------
BOOKFEES R CORCUF-US1007-01GBP
10
INTEREST R CORCUF-US1007-01GBP
10
LDTAX1_AMT P CORCUF-US1007-01GBP
10
LDTAX2_AMT P CORCUF-US1007-01GBP
10
LDTAX3_AMT P CORCUF-US1007-01GBP
10
LDTAX4_AMT P CORCUF-US1007-01GBP
10
LDTAX5_AMT P CORCUF-US1007-01GBP
10
LDTAX6_AMT P CORCUF-US1007-01GBP
10
PRINCIPAL P CORCUF-US1007-01GBP
10
PRINCIPAL_LIQD R CORCUF-US1007-01GBP
10
------------------------------------------------------------
Advice generated for Roll-over of a Loan
ROLLOVER ADVICE FOR A LOAN
Loans -Demand Loans
Transaction Date: 31-DEC-97
Our Reference No : 000LDLB973630007
User Reference No : ldbl.05Br0
US1005
250 - 20th Street
Washington
D C 20036
THE CONTRACT HAS BEEN ROLLED OVER WITH FOLLOWING DETAILS:
Principal Amount
-----------------------------------------------------------Old Principal
Amount : 450,000.00 USD
Principal Amount : 450,150.00 USD
Value Date : 31-DEC-97
Maturity Date : 02-JAN-98
Tenor : 2 DAYS
INTEREST/FEE DETAILS
Description Amount CCY Rate Interest Basis ------------------------------------------------------------ COMMISION - USD 8 30[Euro]/360
INTEREST - USD 12 30[Euro]/360
PENINT - USD 6 30[Euro]/360
PENPRN - USD 6 30[Euro]/360
ARRFEES 12,850.00 USD -
INITFEES 10,000.00 USD -
LIQDFEES 10,500.00 USD 3
ROLLFEES 10,000.00 USD -
------------------------------------------------------------ Transaction
on Initiation
------------------------------------------------------------ Component
Value Date Account Amount CCY
------------------------------------------------------------
Component Description Account Branch ------------------------------------------------------------ COMMISION 31-DEC-97 CORCUF-US1005-013 75.75 GBP
Commission 000
ROLLFEES 31-DEC-97 CORCUF-US1005-013 7,550.25 GBP
Rollover Fees 000
------------------------------------------------------------
YOUR PAYMENT SCHEDULE WILL BE AS GIVEN BELOW
Component Amount CCY
------------------------------------------------------------ Schedule
Date: 02-JAN-98
COMMISION 200.00 USD
INTEREST 300.00 USD
PRINCIPAL 450,150.00 USD
------------------------------------------------------------
SETTLEMENT DETAILS
------------------
Component Dr/Cr Br Account CCY ------------------------------------------------------------
ARRFEES R 000 CORCUF-US1005-013 GBP
COMMISION R 000 CORCUF-US1005-013 GBP
INTEREST R 000 CORCUF-US1005-013 GBP
INTEREST R 000 CORCUF-US1005-013 GBP
LDTAX3_AMT P 000 CORCUF-US1005-013 GBP
LDTAX5_AMT P 000 CORCUF-US1005-013 GBP
LIQDFEES R 000 CORCUF-US1005-013 GBP
PENINT R 000 CORCUF-US1005-013 GBP
PENPRN R 000 CORCUF-US1005-013 GBP
PRINCIPAL P 000 CORCUF-US1005-013 GBP
PRINCIPAL_INCR P 000 CORCUF-US1005-013 GBP
PRINCIPAL_LIQD R 000 CORCUF-US1005-013 GBP
ROLLFEES R 000 CORCUF-US1005-013 GBP
Advice generated for Amendments on a Loan
AMENDMENT ADVICE Date: 30-DEC-97
Reference No. : 0003P01973630007
Related Reference :
BA1000
Sehi Center
Diplomatic Area
Bahrain
The Contract has been Amended. The new details are as follows: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Value Date of Amendment : 30-DEC-97
THIS IS A COMPUTER GENERATED ADVICE
NO AUTHORIZED SIGNATURE IS REQUIRED
This advice contains the updated values for the following UDFs if the contract is an agency contract and provided the ‘Intellect Feed for UDF Change’ check box is selected in the ‘Loan Parameters’ screen:
CUSTOMER RATE
DEALER LIBOR RATE
LATE TRADE
RA COST
Advice generated for Loan Billing Notice
LOAN BILLING NOTICE Date: 31-DEC-97
Reference No. : 001LDAB973630001
GB1001
ASHBURN APARTMENTS
ASHBURN GARDENS
LONDON SW7 4DG
The Details of the Schedules falling Due as follows:
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ============================================================
COMPONENT DUE DATE AMOUNT ===========================================================Interest
05-JAN-98 500 ITL ============================================================
THIS IS A COMPUTER GENERATED ADVICE
NO AUTHORIZED SIGNATURE IS REQUIRED
Delinquency Notice
CUSTOMER DELINQUENCY NOTICE
----------------------------------------------------
Term Loans Bearing
Transaction Date: 28-FEB-98
American Bank, Los Angeles
#51 Woods North Bend Drive
Los Angeles
USA
Our Reference No : 002LTLB098590004
User Reference No : 002LTLB098590004
Value Date : 25-JAN-98
Maturity Date : 27-JAN-98
Contract Currency : GBP
Principal Amount : 1,000,000.00
Outstanding Principal : 1,000,000.00
FORD Corporation
Address:
250 - 20th Street
Washington
D C 20036
This is to remind you that payment is overdue for the undermentioned
schedules.
------------------------------------------------------------ Component
Ccy Schedule Amount Overdue Amount
Component Description
------------------------------------------------------------ Schedule
Date : 27-JAN-98
Overdue Days : 32
COMMISION GBP 438.75 438.75
Commission
INTEREST GBP 546.75 546.75
Interest
PENINT GBP 3.00 3.00
Penalty on O/d Interest
PENPRN GBP 4,247.25 4,247.25
Penalty on O/d Principal
PRINCIPAL GBP 1,000,000.00 1,000,000.00
COMPONENT-WISE OVERDUE SUMMARY
------------------------------------------------------------
Earliest Maximum
Component Ccy Schedule Date Overdue Days Total Overdue Amount
Component Description
------------------------------------------------------------
COMMISION GBP 27-JAN-98 32 438.75
Commission
INTEREST GBP 27-JAN-98 32 546.75
Interest
PENINT GBP 27-JAN-98 32 3.00
Penalty On O/d Interest
PENPRN GBP 27-JAN-98 32 4,247.25
Penalty on O/d Principal
PRINCIPAL GBP 27-JAN-98 32 1,000,000.00
------------------------------------------------------------ THIS IS
A COMPUTER GENERATED ADVICE.
NO AUTHORIZED SIGNATURE IS REQUIRED.