Setting Up the Monthly Late Fee Rate

You must set up a version of the Generic Message/Rates Records program (P00191) with System Code76.Record Type JM. The UDC 76/JM is hard-coded into the business function that creates the Brazil A/R tag file record.

The rate is the Brazilian Monthly Late Fee Rate (Juros de Mora) used by the bank for late payments and is based on a 30-day month.