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Booking an amendment is called VAMB and Initiating is called VAMI. These are considered as
events in the life cycle of the Lease.
Value Dated Amendments supports the following functions:

Modification of currency between UF and CLP. The UF conversion on any date uses the
effective date UF rate.

When the above change in interest rate is completed, the accrual is recomputed. The
difference in accruals is accounted for in the current period on the booking date of the
change.

The amendment date of value dated amendments should be one of the schedule dates.

Recomputation of EMI will be effective from the next schedule after the amendment date.
If these changes are required to be effective on a particular date, not maintained previously, a
fresh set of rates for that day is required to be maintained.
You can pick any active account from the Value Dated Amendments screen and apply the
amendments for that account. You can also view or modify the amendments that are not yet
applied for that account.
If the amendments result in a status change for the account, the system will update the current
status for the account in the ‘Derived Status’ field. During end-of-day batch processing, it will
update the ‘User Defined Status’ for the account with the worst status available for all accounts
and leases for this CIF and post the required accounting entries for the change.
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