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From "ASF GitHub Bot (JIRA)" <j...@apache.org>
Subject [jira] [Commented] (FINERACT-37) Support rescheduling repayments on holidays
Date Tue, 10 May 2016 22:22:12 GMT

    [ https://issues.apache.org/jira/browse/FINERACT-37?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=15279113#comment-15279113
] 

ASF GitHub Bot commented on FINERACT-37:
----------------------------------------

GitHub user jroweboy opened a pull request:

    https://github.com/apache/incubator-fineract/pull/110

    FINERACT-37 Reschedule payments to the next payment date on holidays

    A simple patch that adds a field to the database to enable rescheduling repayments that
land on holidays to the next repayment date instead of a set date. 

You can merge this pull request into a Git repository by running:

    $ git pull https://github.com/jroweboy/incubator-fineract holiday_reschedule

Alternatively you can review and apply these changes as the patch at:

    https://github.com/apache/incubator-fineract/pull/110.patch

To close this pull request, make a commit to your master/trunk branch
with (at least) the following in the commit message:

    This closes #110
    
----

----


> Support rescheduling repayments on holidays
> -------------------------------------------
>
>                 Key: FINERACT-37
>                 URL: https://issues.apache.org/jira/browse/FINERACT-37
>             Project: Apache Fineract
>          Issue Type: Improvement
>          Components: System
>            Reporter: James Rowe
>            Assignee: Markus Geiss
>
> Our client is currently trying to migrate from their current financial software, but
one of the configuration options is not present in Fineract. The option changes the way Fineract
schedules loan repayments. Instead of rescheduling a repayment to a different day in the week,
holidays would reschedule the repayment to the next due date and extend the schedule. For
example with a holiday like this http://i.imgur.com/Dl8B3DX.png a loan that has a repayment
fall in the holiday will be rescheduled to the next week and the following repayments will
be postponed. http://i.imgur.com/l9OfTDm.png With this the loan term is extended and the repayment
that landed on a holiday is repaid on the next due date. 
> I already have a proof of concept patch for this, but I think there are some issues with
it. As such, I would like to work with a developer to discuss the best way to implement this,
or if you would like, we can just figure out why my patch occasionally enters an infinite
loop...
> As a related request, the client is looking to have the interest due at this repayment
to be redistributed across the full loan schedule. I wasn't sure if I should include this
in this issue report or to make a new one that is related to this issue.



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