9.2.4.1 Impact of Amendment
The system redefines the fee schedules and reduction schedules on increase/decrease of
principal/maturity date, as mentioned below:
- If amount is decreased, reduction schedules are redefined on FIFO basis.
- If amount is decreased, amount gets added as a bullet reduction schedule.
- If basis amount for the fee changes, fee repayment schedules are redefined as per the new amount.
- If maturity date is increased and if fee bullet schedule falls on the earlier maturity date, the bullet fee schedule and bullet reduction schedule moves to the new maturity date.
- If maturity date is decreased, one bullet schedule for fee and reduction is inserted with the sum of reduction/fee amount which falls after the new maturity date.
Parent topic: Viewing Schedule Details