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From Lionel Raymundi - Poincenot <lio...@poincenot.com>
Subject Re: Penalties on loans
Date Tue, 27 Dec 2016 17:41:58 GMT
Sure, here is the case:

https://demo.openmf.org/#/viewloanaccount/399

The original loan had 8 installments with final maturity on 02 December 2016
.
A new installment was created with duedate 23 December 2016 after I run the
apply penalties job (not sure why that particular date)

Thanks again!

2016-12-27 12:37 GMT-03:00 Sampath Kumar G <sampath@confluxtechnologies.com>
:

> Hi Lionel,
>
> Can you please reproduce the same in https://demo.openmf.org/#/ and share
> the URL of loan or loan account number.
>
> On Dec 27, 2016 6:05 PM, "Lionel Raymundi - Poincenot" <
> lionel@poincenot.com> wrote:
>
>> Hello list,
>>
>> I configured a penalty for loans, which consist of a percentage of the
>> interest of the installment, applied *with daily recurrency*.
>> [image: Imágenes integradas 2]
>> I've noticed two things, which I found not clear and maybe you can help me
>>
>> 1) The penalties are applied to the corresponding installment up to one
>> day after the duedate of the installement. I mean, if i have an installment
>> with duedate january 1st, penalties will be applied to it until january
>> 2nd. If the client does not repay the next day neither, Penalties
>> corresponding to the 3rd will be applied to the next installment. Is this
>> configurable? Can I set that all penalties are applied to the first
>> installment which is not paid?
>>
>> 2) With the penalties configured as I did (percentage of interest,
>> daily), the calculation is not working after the last installment duedate.
>> It seems that a new installment is created after the last one, on which the
>> penalties should be calculated, but I cant make it work. Below, I attach an
>> image where you can see what I mean. All penalties are correctly calculated
>> until December 21th. After that there is no more penalties applied... how
>> can I fix that?
>>
>> [image: Imágenes integradas 1]
>>
>> Thanks in advance,
>>
>> Lionel
>>
>

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