Payment Schedule Data in Break Identification Process

The Break Identification Process identifies the change in payment schedule in terms of payment holidays or advanced payments. If any change is found in payment dates or payment amounts, with respect to prior As-of-Date and current As-of-Date; it will be captured as a break event.

Business Benefit:

Any payment holidays, like COVID times, will be registered as breaks.

Steps to Enable

You don't need to do anything to enable this feature.