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https://issues.apache.org/jira/browse/FINERACT-2174?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Adam Saghy reassigned FINERACT-2174:
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Assignee: (was: Adam Saghy)
> Progressive Loan - Introduce `interestRecognitionFromDisbursementDate` to
> control when interest recognition should start
> ------------------------------------------------------------------------------------------------------------------------
>
> Key: FINERACT-2174
> URL: https://issues.apache.org/jira/browse/FINERACT-2174
> Project: Apache Fineract
> Issue Type: Sub-task
> Reporter: Adam Saghy
> Priority: Minor
>
> As part of this story we would like to focus on 2 things:
> * In case the interestRecognitionOnDisbursementDate field is configured on
> during the loan creation:
> *
> ** if {*}TRUE{*}, Fineract should do interest recognition on Day 0
> (disbursement date) EOD (end of day).
> *
> ** if it is *not provided* or {*}FALSE{*}, Fineract should do interest
> recognition on Day 1 (disbursement date+1) EOD (end of day). ({*}legacy,
> default behaviour{*})
> *Validation*
> * Only supported for progressive loan schedule type!
> * Can be updated if the loan got created but not yet approved / disbursed!
> *Requires 3 steps:*
> * Introduce the new field
> * Enhance the "Apply periodic accrual business step"
> * Enhance the days in year of rate factor calculation in EMICalculator
> ** Example: Period start from 20 Dec 2024 and ends on 20 January 2025, in
> 2024 there are 366 days, while in 2025 there are only 365
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