* Loans
New ODI Charge method "C" - Charge ODI Based on the net balance of the loan using an interest rate plus margin, only for the period of the month for which the account is in arrears. This differs from the existing "B" method which charges ODI based on the net balance of the loan using interest rate plus margin for the entire month that an account is in arrears.
Business Codes now have "First Payment Offset Months" and "Defer Interest Months" settins which let you specify a default number of months to defer the first payment and/or interest start date. This makes it easier when entering loans via the wizard where you would normally need to specify a date when the first payment falls due, or when interest should be deferred until.
Business Codes now have a new facility to Schedule Special Charge repayments to the maturity date of the loan where those charges have been charged AFTER the maturity date of the loan. This only applies if the loan is already past its maturity date when the charge is applied. Otherwise, if the loan has not yet matured and a special charge is entered, the payment will be scheduled as at the date of the charge.
Data Entry Templates now have a new facility to specify whether or not to copy the gross amount from the previous line. This is useful where you have more than one subledger based on the same gross amount.
Data Entry Templates now have a new "Overflow" facility where you can specify the maximum value for a subledger, with the remainder being added into the next subledger.
The "Name on Title" field on loan security has had its maximum length increased to 250 characters.
Fixed bug with interest calculations where an interest only account paid out in its first month.
Fixed bug which reduced direct debits to zero for accounts whose direct debits were supposed to extend past the maturity date of loans in arrears.
New setup option to allows you to enter payouts and other payment transactions in the same batch. When posting, payout transactions will then be separated into their own batch.
Modified holdback calcs to take into account min/max term of subledger.
Management Reportables Report now allows restriction of diary notes by action code.
Fix bug with flat cancelling loans with subledgers linked to creditors when "Use Credt" is specified on the subledger.
Improved accuracy of the yield / comparison rate calculations.
* General Ledger
New facility to Copy Report definitions from another database.
* Investments
Fixed bug where accounts that parially rolled over into a new account direct credited the wrong amount remaining to the investor.
* Form Letters
New keywords:
ArrearsBalance (Arrears backdated to the date of the form letter)
ArrearsBalancePositive (Only shows arrears balance if positive)
ArrearsBalanceNegative (Only shows arrears balance if negative / in advance)
DaysInArrears (Number of days an account is in arrearS)
DaysInArrearsPositive (Only shows days in arrears if positive)
DaysInArrearsNegative (Only shows days in arrears if negative / in advance)