2.2.28.2 Accrual for Arrears Fee

This topic describes about the information of accrual for arrear fee.

For arrears fee on facility, accrual will be done for the fee cycle considering the day basis configured for fee rule and accrued fee amount will be liquidated on the liquidation date.

For percentage based fee, daily accrual will be calculated on basis amount considering day basis and consolidated accrual amount till end of fee cycle will be liquidated on the fee liquidation date.

For user input and amount based fee, per day accrual will consider the day basis which will sum up to user input or amount specified and same amount will be liquidated on the liquidation date.

Example

Fee start date	September 1, 2021
Fee liquidation date	October 1, 2021
Fee Cycle	1st September - 30th September
Fee Transaction date	1th October
Value date	1th October
Accrual considered till	30th September