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https://issues.apache.org/jira/browse/FINERACT-2063?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=17828500#comment-17828500
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Kigenyi Wilfred edited comment on FINERACT-2063 at 3/19/24 7:44 PM:
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[~adamsaghy] [~bgowda] [~francisguchie] in brief if an installment was not
settled earlier by a standing instruction due to insufficient funds it should
be settled the next time there is money on the savings account. The standing
instruction should not settle installments that are due in the future. So if in
your example installment X was supposed to be settled on 19 Mar 2024 and there
is no money on 19 Mar 2024. If money is deposited the next day 20 Mar 2024, the
instruction should settle the installment. Installment X+1 that is due 19 April
2024 should not be settled by the standing instruction (even if we have excess
money on the savings account). X+1 should wait for the day when it is due.
[~bgowda] thanks chipping in. My thinking is that in case we have unsettled
installments, default behavior should be to settle the oldest installments
first. I have so far not seen the benefit of settling newer installments ahead
of older ones. I remain to be guided on this.
was (Author: JIRAUSER280240):
[~adamsaghy] [~bgowda] [~francisguchie] in brief if an installment was not
settled earlier by a standing instruction due to insufficient funds it should
be settled the next time there is money on the savings account. The standing
instruction should not settle installments that are due in the future. So if in
your example installment X was supposed to be settled on 19 Mar 2024 and there
is no money in 19 Mar 2024. If money is deposited the next day 20 Mar 2024, the
instruction should settle the installment. Installment X+1 that is due 19 April
2024 should not be settled by the standing instruction (even if we have excess
money on the savings account). X+1 should wait for the day when it is due.
[~bgowda] thanks chipping in. My thinking is that in case we have unsettled
installments, default behavior should be to settle the oldest installments
first. I have so far not seen the benefit of settling newer installments ahead
of older ones. I remain to be guided on this.
> Enable repayment of overdue installments
> ----------------------------------------
>
> Key: FINERACT-2063
> URL: https://issues.apache.org/jira/browse/FINERACT-2063
> Project: Apache Fineract
> Issue Type: Improvement
> Components: Loan
> Affects Versions: 1.9.0
> Reporter: Kigenyi Wilfred
> Priority: Minor
> Fix For: 1.10.0
>
>
> Currently the standing instruction task will only execute a transfer if the
> loan installment in question is for the exact date as the date on which the
> task is running. This means that if for example a client had an installment
> due for the day before (or several days before), that installment will not be
> settled if the client deposits funds on his savings account today or the next
> day.
> The thinking is that installments should be settled as longs as they are not
> in the future, that is if the are today or they are overdue.
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