1.6.6 Defining Interest Payment Schedules for the Contract
Schedule preferences are the attributes of the repayment schedules defined for the
contract. Through a set of fields in the Loan and Commitment -Contract Input
Preferences screen, you can specify:
- How liquidation dates falling on holidays should be handled.
- Whether back valued schedules should be liquidated on loan initiation.
- The type of amortization, if amortization has been specified for the product and therefore, the loan.
- Whether schedule dates should be cascaded in case you have indicated that they (schedule dates) be moved forward or backward in case of a holiday.
- The holiday table of the country of the loan currency that has to be checked before setting automatic schedules.
- Liquidating schedules that fall due before the day on which the contract is booked.
- Liquidation mode (auto to manual)
Parent topic: Specifying Interest Details for a Contract