11.6.1 Advices Generated for a Repayment

Advices are generated by the Automatic Contract Update function during beginning of day processing. While defining a product you may have specified that an advice is to be generated to intimate the customer every time a payment has been liquidated. This applies to all loans involving the product (refer chapter on product definition).

However, for a particular loan, you can suppress this advice.

If a repayment advice has been specified for a loan, it is generated by the Automatic Contract Update function when you run it at the beginning of day.