2.2.2 Description
This topic provides a description of the periodic maintenance fee – start and stop transaction.
Introduced a new non-monetary transaction:
- This transaction is intended to introduce enable new recurring fee on the account and not intended to change any frequency or calculation type of existing fee records.
- If the user tries to change any calculation type of an existing fee definition on account, system will raise error "Fee Type code is already existing on account and parameters cannot be changed".
Table 2-18 Add_ Periodic_Fee
| Parameter Code | Default | Sort | Displayed | Required | Comment |
|---|---|---|---|---|---|
| Transaction Date | General Ledger Date | 1 | Y | Y | |
| Fee Type | 2 | Y | Y | Refer ' FEE_CALC_METHOD_CD' lookup | |
| Fee Calculation Method | Flat | 3 | Y | Y | |
| Fee Minimum Amount | 0 | 4 | y | N | |
| Fee Maximum Amount | 0 | 5 | Y | N | |
| Fee Percentage | 0 | 6 | Y | N | |
| Transaction Amount From | 0 | 7 | Y | Y | Applicable only for the Loan product. |
| Gross Capitalized Cost From | 0 | 8 | Y | Y | Applicable only for the Lease product. |
| Post Maturity Fee Indicator | N | 9 | Y | Y | Applicable only for the Lease product. |
| Comments | 10 | Y | N |
Parent topic: Periodic Maintenance Fee – Start and Stop Transaction