5.2.14.3 Specifying Billing Preferences

The billing preferences maintained at the product level defaults to the contracts. You can amend these preferences at the contract level only if you have specified the same at the product level.

• Billing Notice Required

  Select this check box to indicate that you would like to send a billing notice for the interest component.

• No of Days

  Specify the number of days prior to the billing date that the billing notice needs to be sent.

Note:

You can not amend these values if the Billing Notice Required option is deselected at the product level.

For details on the above screen, refer the heading Specifying Interest Details for a Contract in the Processing Interest chapter of the Interest User Manual.