11.9 Advices to be Generated for a Status Change

You can specify whether an advice has to be generated to inform the customer about the status change of the loan. You can also specify the kind of advices to be generated.

You can generate advices when the loan components move forward from one status to the next, to notify the customer of the status change and possibly urge him to make the payments to liquidate the schedules, which are aging. The advices are generated during beginning of day processing when a status change takes place.

You can choose from a pick-list of messages the specific advice or message that you want sent to the customer when a loan moves automatically (forward) into the status you are defining. These messages or advices are maintained by the messaging sub-system of Oracle Lending.