Amortization Enhancement
The amortization process now supports amortization based on effective maturity in addition to contractual maturity.
The Amortization Rule UI now provides an option to select either maturity date or effective maturity date for amortization processing of deferred balances.
This enhancement gives institutions greater flexibility in defining amortization behavior based on their business and accounting requirements.
Steps to enable and configure
This feature does not require any additional steps.
Key resources
See the Latest IFRS9 Solution Cloud Service Documentation