Difference between revisions of "Interest Rate Adjustment"
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(Created page with "=='''Overview of IL822'''== Category:Line of Credit Reports") |
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=='''Overview of IL822'''== | =='''Overview of IL822'''== | ||
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| + | The Interest Rate Adjustment process updates lines of credit base rates and interest rates, based on adjustment method and date. The report output includes information such as line number, line type, adjustment method, credit balance, current interest rate, new interest rate, whether or not the interest rate was changed, current base rate, new base rate, whether or not the base rate was changed, support amount, support percentage, weighted average and next adjustment date. To run this report: | ||
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| + | * From the DDI Connect main menu, double-click Financial Services | ||
| + | * Double-click Line of Credit | ||
| + | * Double-click Reports | ||
| + | * Double-click 822 Interest Rate Adjustment. The parameters screen will launch: | ||
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| + | [[File:IL822_1.png]] | ||
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| + | The following fields are available on this screen: | ||
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| + | {| class="wikitable" | ||
| + | |- | ||
| + | ! '''Field''' !! '''Description''' | ||
| + | |- | ||
| + | | '''Adjustment date''' || Enter the date you wish to use. You can type it in mm/dd/yyyy format or click the calendar icon to select the date | ||
| + | |- | ||
| + | | '''Line #''' || Example | ||
| + | |- | ||
| + | | '''Adjustment method''' || Example | ||
| + | |- | ||
| + | | '''Status''' || Example | ||
| + | |- | ||
| + | | '''Update''' || Example | ||
| + | |- | ||
| + | | '''Accrue interest''' || Example | ||
| + | |} | ||
[[Category:Line of Credit Reports]] | [[Category:Line of Credit Reports]] | ||
Revision as of 11:57, 14 September 2012
Overview of IL822
The Interest Rate Adjustment process updates lines of credit base rates and interest rates, based on adjustment method and date. The report output includes information such as line number, line type, adjustment method, credit balance, current interest rate, new interest rate, whether or not the interest rate was changed, current base rate, new base rate, whether or not the base rate was changed, support amount, support percentage, weighted average and next adjustment date. To run this report:
- From the DDI Connect main menu, double-click Financial Services
- Double-click Line of Credit
- Double-click Reports
- Double-click 822 Interest Rate Adjustment. The parameters screen will launch:
The following fields are available on this screen:
| Field | Description |
|---|---|
| Adjustment date | Enter the date you wish to use. You can type it in mm/dd/yyyy format or click the calendar icon to select the date |
| Line # | Example |
| Adjustment method | Example |
| Status | Example |
| Update | Example |
| Accrue interest | Example |
