Download Upgrade Toolkit - Oracle Documentation

Contract Reference
Number
Component
Due Date
Amount
Due
Amount
Settled
406LILP10040000Z
INTEREST
4/15/2012
110
110
406LILP10040000Z
PRINCIPAL
4/15/2012
1000
1000
406LILP10040000Z
INTEREST
5/16/2012
100
100
406LILP10040000Z
PRINCIPAL
5/16/2012
1000
0
406LILP10040000Z
INTEREST
6/15/2012
100
406LILP10040000Z
PRINCIPAL
6/15/2012
1000
406LILP10040000Z
INTEREST
7/15/2012
100
406LILP10040000Z
PRINCIPAL
7/15/2012
1000
0
0
Example - Case 2
In this example, the Principal component is fully paid on March 30, 2012 and the Interest
component is fully paid on April 15, 2012. LFPS in this case would be March 30, 2012.
Contract Reference
Number
Component
Due Date
Amount
Due
Amount
Settled
406LILP10040000Z
INTEREST
1/17/2012
120
120
406LILP10040000Z
INTEREST
2/15/2012
120
120
406LILP10040000Z
INTEREST
3/15/2012
110
110
406LILP10040000Z
PRINCIPAL
3/30/2012
1000
1000
406LILP10040000Z
INTEREST
4/15/2012
110
110
406LILP10040000Z
INTEREST
5/16/2012
100
50
406LILP10040000Z
INTEREST
6/15/2012
100
0
406LILP10040000Z
PRINCIPAL
6/30/2012
1000
0
8. Migration date plays a vital role in this strategy. No operations (payments, amendment,
rollover, reversals) are allowed on migrated loans prior to the migration date.
9. The LD outstanding principal amount as on the migration date is taken as ‘Amount
Disbursed’ and ‘Amount Financed’ in CL account. Original loan amount has to be stored
as a UDF at CL contract level. Contracts with fully paid principal amounts will be migrated
with 0.01 as ‘Amount Disbursed’ / ‘Amount Financed’.
Example - Case 1
The principal outstanding from the last fully paid schedule (No partial payment after
LFPS).
Loan Date: December 15, 2011
LFPS: April 15, 2012
4-5