3.2.3 Repayment Schedule

This topic describes the information about Repayment Schedule.

• When re-payment schedule is submitted for new delinquent accounts, it is loaded into the OBC staging area with RECORD_TYPE = 'I'. An automated batch then processes these staging records and inserts them into the main entity table. Each record must be uniquely identified by the combination of Record Type, Product Processor, Account Number and Installment Date.
• Oracle Banking Collections checks whether a repayment schedule already exists for the account. If one is found, Oracle Banking Collections deletes the existing schedule and, after completing the required collections validations, inserts the updated schedule.