Hi Sander,
Regarding interest calculation in excel: I need all the loan product parameters
to be able to derive the proper interest. Can you reproduce it on demo server
and give me loan id?
Regarding loaned 333: Issue is self-explanatory, since no repayments
transactions are there, the interest
Hi Adi,
We are wondering whether you had a chance to look at the interest
calculation excel? We are still unable to reconcile amounts for subsequent
instalments.
In addition we've also started seeing more problems with loans that are
prepaid significantly early on in the schedule, unfortunately I
Hi Adi,
Was wondering if you had seen my previous mail?
In addition we've also got an issue when backdating the interest
recalculation loans that have compounding on Interest enabled, and use the
"Same as repayment period" compounding type for interest and principal.
This sample loan (https://dem
Hi Adi,
Thanks for your feedback, but not sure whether we can make this calculation
work, see attached excel using the same logic. It works fine for working
out instalment one, but does leave us with a 0.4 difference on the second
instalment compared to today's schedule. Could you let me know wher
Interest calculation on future dates will be based on the assumption that
payment has been made up-to-date and assuming no arrears.
Interest on the unpaid or compounded amount will be calculated and provided as
part of schedule only till as of that day.
So in the example,
EMI is due on 1st Dec
Hi Adi,
Thanks for your feedback, makes sense on the early payments and I agree the
duplicate instalments is a bug. Looks like the holiday/workingdays config
is ignored for that bit. However I think we'll indeed need to introduce
this in the payment schedules as well. In addition I found another s
Hi Sander
PSB
Regards,
Adi Raju
Principal Architect, Conflux Technologies Pvt Ltd
Address: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru,
Karnataka, 560043 INDIA
Disclaimer: The information contained in this e-mail message and any
files/attachment transmitted with it is c
Hi Adi,
Thanks for your feedback. I already left some test cases on the demo (but
have updated the same product in between so you'll need to check the
derived data for these). I'll work on some more cases that we've seen
locally tomorrow, but these are the ones that were already there.
*Incorrec
Hi Sander,
Interest recalculation is allowed only when "Calculate interest for exact days
in partial period" is enabled in product definition.
Consider the scenario: holidays calendar is empty, all days are considered
working days and payments are always on time, you will see the interest applie
Hi All,
We've been doing a relatively extensive round of testing on interest
recalculation loans and found the following issues (on demo.openmf.org).
All of the cases below have:
- Interest recalculation on
- Interest calculation = same as repayment period
- Amortization set to Equal instalments
-
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