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Current Date - suggestion: Repayment Date
И тут у меня вопрос - вот эта разбивка на прошлое и будущее она идет между датой, когда мы вносим в систему (Current date) или фактической датой платежа (Repayment date)? Пока что везде пишу, что это Current date
Simple Payments
Initial Payment: Is only applicable for payments in the Awaiting for Initial Payment status
Pay off Amount: The repayment amount is enough to pay off the principal and all the interests and fees as of the current date and used for this purpose.
Other payments
(это просто описание для понимания, и чтобы проверить, что я верно поняла)
Repayments not aimed neither for the Initial Payment nor for Pay off can be used for different purposes. The list of purposes and their order is defined for each Repayment Mode.
System tries to cover the purpose 1.
If the transaction amount is less than the amount required to pay for the purpose 1, it is covered in part.
If the transaction amount is more than the amount required to pay for the purpose 1, the system will go on and use the available repayment amount to pay for purpose 2, etc.
Repayment Steps List
current name: RepaymentStepsKit
suggested screen name: Repayment Allocation Order
suggested description: Ordered list of purposes for which repayment shall be used.
suggested info hint: System tries to pay-off the purposes in the list in their order. If the available repayment amount is more than the amount required for the purpose, it will be used for the next purpose. If at any step, the available repayment amount is less than the amount required to pay for the purpose, it is payed in part.
PastDueDebtStep
suggested screen name: Past Due Debt
...
EarlyPayCurrentDebtStep:
suggested screen name: Current Installment Fees and Interest
suggested description: Available repayment amount is used to pay off interests and fees due for the current installment on the Repayment Date
RemainingCurrentPrincipalStep
suggested screen name: Current Installment Principal
suggested description: Available repayment amount is used to pay off the principal due for the installment actual for the Repayment Date
...
CurrentDebtStep
suggested screen name: Current Installment Full
suggested description: Available repayment amount is used to pay off the principal, fees and interests due for the whole installment actual for the Repayment Date
...
PayOverpaymentStep - ???
RECALCULATION AND BALANCING
CurrentRecalculateStep
suggested screen name: Recalculate Installment
suggested description: Recalculate fees and interest for the installment
suggested info text: Apply the step after Current Installment Principal or Current Installment Full to recalculate outstanding fees and payments for the installment. Don't add the step to keep the initial payment schedule.
...
suggested screen name: Recalculate Loan
suggested description: Recalculate the loan schedule
suggested info text: Apply the step to recalculate the loan schedule if the repayment amount was used for any early payments.
Options:
suggested selector info text: Decide how the payment schedule shall be updated if the total due amount is changed.
Option 1
Current name: Keep initial value
...
Option 2
Current name: Recalculate always
Suggested name: Reduce payments
Suggested hint: Loan payment schedule stays the same
Copy Evgen:
Repayment mode -- Repayment logic / Repayment priority
Hint: Select one of pre-configured repayment logics or create your own repayment allocation order for distributing the funds received from borrowers.
Availability
Hint: If you choose Back – only your staff can log repayments. If you choose Front – borrowers can do it themselves.
Steps hint: Prioritize or remove steps of the repayment mode in a way that reflects the order in which you’d like to cover what is owed to you including all the fees, interest, and principal of the loan.
Initial payment
Covers any fees accrued before the 1st installment begins.
Past due debt
Cover the overdue payments missed in the past starting with the fees.
Current debt early payment
Covers the fees and interest accrued as of the repayment time in the current installment. Doesn’t include principal.
Current principal early payment
Covers the principal debt accrued as of the repayment time in the current installment.
Recalculate current installment
Recalculates the sum owed within the current installment. This affects the fees and interest to be accrued as they are based on the reduced principal.
Current debt
Covers the current installment amount on the due date. The fees and interest are repaid first.
Overpayment
Covers the remaining principal of the loan if the payment exceeds the amount owed in the current installment.
Remaining recalculate step
Recalculates all future installments if there has been an overpayment which reduced the principal.
Future debt
Covers upcoming installments starting with the next one without recalculating the schedule.
Future debt reversed
Covers upcoming installments starting with the last one without recalculating the schedule.
Payoff
Standard payoff of the whole loan.
Special fees
Covers all the accrued special fees in the specified order.
Postponed fees
Covers all the postponed fees in the specified order. Repayment modes constructor allows defining rules that regulate how the funds transferred by the customer are allocated among their payables.
There are three system-wide repayment modes available by default, but it is also possible to add some custom ones and define their settings for each credit product.
Adding a Custom Repayment Mode
To add a custom repayment mode to a credit product:
Go to the Settings → Loan Settings → Credit products and click the pencil icon by the credit product name
In the emerged window, open the “Repayment modes” tab and click the “Add repayment mode” button
Name and Descriptions
The mode name and description 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
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Availability
...
The mode availability defines if this mode can be available for Customers and/or Back-Office.
This means that when manually initiating a payment, they will see this mode in the selector.
Max payment amount
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Define the maximum amount of the transfer that can be performed if this repayment mode has been selected.
Available options are:
No limit
Outstanding principal
Sum of postponed fees
Sum of special fees
Payoff amount
Adding Steps
As it has been mentioned before, each repayment mode is a set of steps performed with the transferred amount.
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The step are allocated in groups, subject to the installment they are related to:
We’ve strived to make the step names rather simple and easy to understand, however, should there be a doubt, select the step in the drop-down and its detailed description will appear below it.
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If this is the step you need, click the “Add step” button, and the step will be added to the list
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When there is more than one step in the list, you can use the up and down arrows to move the steps around the list.
The logic of the Mode Steps Performance
The system performs or attempts to perform repayment and recalculation steps in the order they are placed on the list. We can virtually divide the steps into:
Repayment Steps: related directly to the usage of the transferred payment
Recalculation Steps: related to recalculation of the loan fees, interest and principal in consideration of the previous repayment steps.
The system performs repayment steps in the order of their placement on the list until whole payment amount is used up, i.e.
If the amount is not enough to cover the step in full, it covers it in part and moves on to perform the remaining recalculation steps in the corresponding order. It does not perform any other repayment steps.
If the amount is enough to cover the steps in full, the system covers the step, and
If the next step is a repayment step, the system tries to perform it (as in 1)
If the next step is a recalculation step, the system performs it and moves on to the next step
The system continues, until the repayment amount is used up and all recalculation steps are performed.
Finalize the Repayment Mode Creation
Once you’ve defined all the steps and settings, click the OK button at the bottom.
When the Credit Product page emerges, click the OK button there as well to save the changes.