Download 1. PDMS user manual

The details needed to define the rule are:
1.
First transaction date.
2.
Frequency of payments i.e. number of payments in a year
3.
Number of payments
4.
Date from which service fee is to be charged (Start Date).
5.
Service fee rate in percentage (Rate).
6.
Number of days in the interest year (360 or 365).
7.
The basis of interest calculations - daily, annual or monthly
Fields Description
Mandatory: Y- Yes, N- No, C – Conditional, D-Displayed
Label
1.
Interest
Type
2.
Date of
First
Interest
Payment
Frequency
3.
4.
5.
Start Date
Mandatory/
Conditional
Y
Y
Y
Y
Y
6.
Days in
Interest
Year
Rate
7.
Margin
C
8.
Cap Rate
C
C
Remarks
Three Interest Payment Types
namely:
INF - Fixed Interest
INS - Steady Rate(For Fixed
interest Period)
SVF - Service Fees
Date of First Interest Repayment
should be greater than Date of
First Disbursement
Refers to the number of times per
year that
payments are to be made
Values are
0,1,2,3,4,6,12
Refers to Start Date of
Calculation of interest.
Start Date must be less than Date
of First Interest Payment and
greater or equal to Loan
agreement date.
365 or 366
Applicable only for
1. INF - Fixed Interest
2. SVF - Service Fees
Must be greater than 0.
Else will be disabled
Applicable only for INS - Steady
Rate(For Fixed interest Period)>0
INS - Steady Rate(For Fixed
interest Period) >0
Else will be disabled.