4.3.1 Setting Loan Schedule Preferences
Schedule preferences are the attributes of the repayment schedules, defined for the loan in the Schedules tab of Loans and Commitment-Contract Input screen.
- Disbursement preferences, whether it is auto or manual.
- Principal liquidation and liquidation order.
- Partial Liquidation Allowed, this flag specifies whether partial payment allowed or not for a schedule.
- The amortization type, if the loan has been specified with amortized schedules.
- Whether holidays are to be ignored at the time of drawing up repayment schedules.
- The behavior of schedules when they fall due on the holiday.
Table 4-10 Loan Schedule Preferences
| Field | Description |
|---|---|
| Disbursement Mode | The Oracle Banking Corporate Lending supports the following modes for loan
disbursements:
(Note: In the manual mode, disbursement happens on demand. In this case, disbursement schedules need not be maintained for the PRINCIPAL component. Ensure to maintain disbursement schedules for Auto disbursement mode. If user select the mode Auto, then the system automatically disburses the loans based on the disbursement schedule defined for the contract. Also, user can collect any applicable charges related to the disbursement at the time of making the disbursement. These charges are defined at the product level and contract level.) When a loan is disbursed either in the manual or in the auto mode, the system utilizes the new collateral, local collateral, facility, or liability only for the amount that is disbursed.User have to specify the disbursement mode as a preference at the time of setting up a Corporate Lending at the product level and gets defaulted to the contract. User can modify at the contact level. |
| Stop Disbursement | If this check box is selected, then the system do not allow user to make further disbursements whether it is a Auto or Manual disbursement. |
| Distribute Disbursement | It distributes the amount financed equally to disbursement schedules based on number of disbursement schedules. |
| Allow Liquidation Order at Contract | If this check box is selected, users are allowed to maintain component-wise liquidation order preferences. If the flag is un-checked, users will not be allowed to maintain the liquidation order for the components at the contract. |
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