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From "ASF GitHub Bot (JIRA)" <j...@apache.org>
Subject [jira] [Commented] (FINERACT-37) Support rescheduling repayments on holidays
Date Thu, 25 Aug 2016 12:18:21 GMT

    [ https://issues.apache.org/jira/browse/FINERACT-37?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=15436741#comment-15436741
] 

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

GitHub user terencemo opened a pull request:

    https://github.com/apache/incubator-fineract/pull/219

    FINERACT-37 Reschedule repayment on holidays+extend term

    Based on PR #110.
    Adds a WorkingDays flag extendTermForRepaymentOnHoliday when this is set
    If a repayment occurs on a holiday, shift it to the next repayment date and
    extend the loan term by the repayment interval, e.g
    if repayment is weekly and one repayment occurs on holiday, move that to the next original
schedule repayment date and extend loan term by 1 week

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

    $ git pull https://github.com/terencemo/incubator-fineract i37-holidays-repayment

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

    https://github.com/apache/incubator-fineract/pull/219.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 #219
    
----
commit b478064ac0fe74a7130b9a0c2f07a5ccd30631a5
Author: Terence Denzil Monteiro <terence@sanjosesolutions.in>
Date:   2016-08-25T12:15:14Z

    Reschedule repayment on holidays+extend term

----


> 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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