3.7.1 Amortize Product Schedule types for Drawdown Contracts

Oracle Banking Corporate Lending supports amortization schedule type products for Drawdown contracts with multiple investors.

You can perform the following set ups for the product schedule type as Amortize.

In the Loan Syndication –Borrower Product Preference screen, select the Schedule Type of the product as Amortize and check the Allow user input Installment and Allow Reamortization option selected. During the contract maintenance, you can maintain installment amount for an amortized contract only if this flag at product level is enabled.

The following flags are not allowed to be checked for amortize schedule type products:

• Liqd of int on Prepaid Principal
• Allow Rollover
• Sighting Funds Applicable
• Partial Prepayment allowed

In addition, you need to maintain the default schedules for the component Amortise in the Product Default Schedules screen.

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