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https://issues.apache.org/jira/browse/FINERACT-2107?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Mihaly Dallos reassigned FINERACT-2107:
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Assignee: Mihaly Dallos
> Transaction type - Interest refund
> ----------------------------------
>
> Key: FINERACT-2107
> URL: https://issues.apache.org/jira/browse/FINERACT-2107
> Project: Apache Fineract
> Issue Type: Improvement
> Reporter: Bharath Gowda
> Assignee: Mihaly Dallos
> Priority: Major
> Fix For: 1.11.0
>
> Attachments: GPL Interest Refund Calculations (1).xlsx
>
>
> h4. *Background and details:*
> As a User, I expect the system to calculate and post an interest refund when
> a merchant refund posts so that we are only charging the customers interest
> on the net purchase amount. Will require build out of process to calculate
> the amount of interest to refund. Ensure payment allocation rules allow for
> unique payment allocation for this transaction type.
> As a merchant refund is posted, there should be a system calculated credit
> for interest charged to the loan based on maturity date. This would be posted
> to the loan as a credit adjustment type “Interest Refund”.
>
> *Acceptance criteria*
> * Add new transaction type
> * Loan product template retrieve the supported options for configuring when
> Interest refund txn to be created
> * Interest refund txn triggering configuration can be stored on loan product
> * We should be able to define allocation rules for “Interest Refund”
> transaction
> UC scenarios attached
>
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