8.7 Advices for a Rolled-Over Loan

In the Product Events Definition screen, you can define the events for which advices are to be generated, for loans involving a product. An advice is generated when a loan is rolled-over, if specified to do so, for the product the loan involves. Generation of advices upon rollover, if specified, is as follows:

• When the loan is rolled-over with interest (that is, the entire outstanding amount in the original loan is rolled-over without any component of the original loan being liquidated), the liquidation advice for the original loan is not generated. Instead, a rollover advice, with the details of the liquidation of the original loan and its subsequent rollover into a new loan, is generated.
• When the loan is rolled with an amount, that is not the entire outstanding amount in the original loan, the liquidation advice(s) for the original loan is generated along with the rollover advice.