1.5.1.2.2 Rollover Preferences

This topic describes about the Rollover Preferences stage.

The Rollover Preferences can be added for the application in the Rollover Enrichment Stage.

Figure 1-56 Rollover Preferences

Description of Figure 1-56 follows
Description of "Figure 1-56 Rollover Preferences"

For information on the screen fields, refer to the field description table below.

Table 1-42 Rollover Preferences - Field Description

Field Description
Rollover Mode Select the Rollover Mode.
The available options are:
  • Auto
  • Manual
For a loan involving a product with rollover facility, user should specify the mode of rollover, automatic, semi-auto, or manual during processing. The mode of rollover also depends on whether the mode of liquidation of the loan is automatic or manual.
Rollover Mechanism Select the Rollover Mechanism.
The available options are:
  • New Version
  • Spawn
  • Linked
User can indicate whether rolling over a loan contract using the product must create a new version of the original contract, a spawn contract, or a linked contract.
Schedule Definition Select the Schedule Definition.
The available options are:
  • Product
  • Contract
Select the option Product, if user want the schedule definition of the rolled over contract to be the default schedule maintained for the product. Select the option Contract, if user want the schedule definition of the rolled over contract to be the one currently applicable for the contract.
Rate Definition Select the Rate Definition.
The available options are:
  • Product
  • Contract
Select the option Product, if user want the rate definition of the rolled over contract to be the default rate maintained for the product. Select the option Contract, if user want the rate definition of the rolled over contract to be the one currently applicable for the contract.