5.2.4.6 Specifying the status of an upfront fee

In Oracle Lending, the status of a fee component depends on the payments made towards the fee amount. For movement to each status, you can define processing parameters, such as whether further accruals of the fee component has to be stopped, or fee related accruals already made must be reversed out, and if the reporting GL must be changed when the status changes.

You can transfer the overdue accrued fee amount to a different GL. In case of fee components falling overdue, you can specify the following:

• For the accounting role COMPONENT_FIA (which is mapped to a Unearned Income/ Liability GL), you can specify that the amount in the Unearned Income/Liability GL be transferred to another GL.
• For the accounting role COMPONENT_FIN (which is mapped to an Income GL), you can specify that the amount in the Income GL be transferred to another GL.