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• Name and Description of the mode: They are displayed when selecting how the payment shall be allocated. It is important that other users and customers can understand what this mode is dedicated for

• Availability: Defines if this mode can be available for customers and/or back-office users ( company employees ) - ADD DROP-DOWN OPTIONS TOPICAL FOR EACH CASE

• Max payment amount: For some modes it is important to define a repayment limit. This way you can ensure that there are no left-over funds after all the steps of the mode have been performed.

• Steps: Ordered list of repayment and recalculation steps.
  The user can easily add steps from the dropdown at the bottom of the following form. The logic of steps performance and types of steps are described further in the document.

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Due Date: The day on which the installment has to be paid-off in compliance with the payment schedule for the loan. --- Past Debt Payments ---

The table is divided into several sections:

– Repayment Steps –
Name: Pay debts (PastDueDebtStep)
Description: Cover the fees, interests and principle payable on the Repayment date (in the payment priority order)

Name: Pay special fees (SpecialFeesStep)
Description: Cover special fees payable on the Repayment date (in the payment priority order)

Name: Pay postponed fees (PostponedFeesStep)
Description: Cover postponed fees payable on the Repayment date (in the payment priority order)

--- Current Installment Payments ---

Name: Pay current installment fees (EarlyPayCurrentDebtStep)
Description: Cover the fees and interests payable for the current installment and accured accrued before the Repayment Date. Applied if the Repayment Date preceed precede Due Date of the installment.

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Name: Pay current installment due debt
Description: Cover the fees and principle payable for the installment. Applied if the Repayment Date is the same as the Due Date for the installment.

--- Future Payments ---
Name: Pay future installments (FutureDebtStep)
Description: Cover fees, interest and principal installment by installment from the nearest to the next one.

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Name: Pay leftover principal (OverpaymentStep)
Description: Cover the principal payment leftover on the date of the Repayment

--- Side Fees ---

Name: Pay special fees (SpecialFeesStep)
Description: Cover special fees payable on the Repayment date (in the payment priority order)

Name: Pay postponed fees (PostponedFeesStep)
Description: Cover postponed fees payable on the Repayment date (in the payment priority order)

Name: Pay Leftover Fees (PayShiftedStep)
Description: Cover the fees (in the priority order) that have been scheduled before the Repayment Date (regardless of the due date)

-- Recalculation Steps --

Name: Recalculate current installment (CurrentRecalculateStep)
Description: Recalculate fees and interest for the current installment. Recommended for use after the Current Installment Payments steps.

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