A.1.29 Convert a Precomputed (PC) LoanLine of creditLease into a Simple Interest (SI) LoanLine of creditLease

When converting a precomputed LoanLine of creditLease into a simple interest LoanLine of creditLease, Oracle Financial Services Lending and Leasing assumes the following default values:

• Accrual Calculation Method - interest bearing (simple interest)
• Maturity Date - Computed from the term and next payment due date
• Monthly Payment Amount - Computed from the interest rate, new principal balance, accrual start date, and term.
• All balances other than the Note balance are carried over to simple interest LoanLine of creditLease.

The resulting new simple interest LoanLine of creditLease will have the same account number with details entered/computed above.

CAUTION: The converting a precomputed LoanLine of creditLease into a simple interest LoanLine of creditLease transaction can be performed only by closing the nonperforming condition.

Table A-58 To reschedule precomputed LoanLine of creditLease to interest bearing LoanLine of creditLease

Transaction	Parameters
Reschedule Pre-Compute LoanLine of creditLease to Interest Bearing LoanLine of creditLease	Txn Date
	Reschedule Payment Start Date
	Amount
	Rate
	Term