Defining a Delinquency Control

Prerequisites

To define a delinquency control, you should have:

  • Delinquency control business object defined in the application.

  • Collection class defined where the collection method set to Self-Control Delinquency.

Procedure

To define a delinquency control:

  1. Click the Admin link in the Application toolbar.
    A list appears.
  2. From the Admin menu, select D and then click Delinquency Control.
    A sub-menu appears.
  3. Click the Add option from the Delinquency Control sub-menu.

    The Delinquency Control screen appears. It contains the following sections:

    • Main - Used to specify basic details about the delinquency control.

    • Algorithms - Used to associate an algorithm with the delinquency control.

    The Main section contains the following fields:

    Field Name Field Description Mandatory (Yes or No)
    Collection Class Used to indicate the collection class which is associated with the delinquency control.
    Note: This list displays only those options where the collection method is set as Self-Control Delinquency.
    		 Yes
    Business Object Indicates the business object using which you are defining the delinquency control. Not applicable
    Minimum Credit Review Frequency (Days) Used to indicate a minimum credit review frequency at which the persons or accounts belonging to the respective collection class should be monitored for delinquency. In other words, it indicates in how many days the system should review whether the bills of the persons or accounts are overdue. No
    Status Used to indicate the status of the delinquency control. The valid value is:

    • Active

    • Inactive

    		 Yes
  4. Enter the required details in the Main section.
  5. Associate the required algorithms with the delinquency control.
  6. Click Save.
    The delinquency control is defined.

Related Topics

For more information on... See...
Delinquency Control screen Delinquency Control
How to associate an algorithm with a delinquency control Associating an Algorithm with a Delinquency Control