Hello, I have an issue with how the schedule recalculates after linked Floating Rate changes in a Loan with a Cumulative schedule. I'm wondering if this is intended behaviour or if there are other configuration options that can change it.
In short, a Loan with: Cumulative schedule; Equal installments; Declining Balance; Partial Interest Calculation allowed; Interest recalculation enabled; Interest recalculation - Advance payments adjustment type: *Reduce EMI amount*. Two operations now occur on the Loan, and Finertact handles them as follows: 1. The installment is overpaid. The next due installment is recalculated to cover the entire overpayment, the schedule is recalculated, the later installments are all equal to new EMI. 2. The interest rate change. The installments after the change are recalculated *but* the original EMI remains; only the last installment changes. I expected that *both* operations would change the EMI for later installments. The advance payments adjustment type (Reduce EMI amount) doesn't seem to affect the schedule recalculation resulting from an interest rate change. Before diving into a 3k loc class, I thought I would ask if anyone can give me some pointers. Best regards, PiotrW -- * SolDevelo* Sp. z o.o. [LLC] / www.soldevelo.com <http://www.soldevelo.com> Al. Zwycięstwa 96/98, 81-451, Gdynia, Poland Phone: +48 58 782 45 40 / Fax: +48 58 782 45 41
