Considering Closed Conditions for Fee Assessment

This topic provides information about considering closed conditions while performing fee assessment for an account.

In the base process, the system takes the condition start date into consideration.

• System considers the closed conditions by referring the condition history table, while assessing the fee.

For example:

01 Jan 2025 – Account created.

01 Feb 2025 – First bill generated.

• Condition on account posted Stop FLC. (Applicable only from 01 Feb 2025 to 28 Feb 2025).
• Payment Received as on 5th Feb 2025 and hence no FLC calculated.
• System closed the condition on 28th Feb 2025.
• On March 1st 2025, reverse the payment posted on 5th Feb 2025.
  • System will not calculate FLC, considering the condition posted on account (not to calculate the late fee).
  • This is achieved by taking reference of condition history.