Fixed Loan Account Manager

The Lentune Fixed Loan Account Manager

Introduction

Fixed Loan Account Manager


Introduction

An overview of the Fixed Loan Account Manager.

  • Go to Settings > Fixed Loan Account Manager.


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Fixed Loan Account Manager

 An explanation of the fields on the Fixed Loan Account Manager screen.

 

Title

What Does It Do?

Notes

Month End Date

The current month end date. Closing the month will alter this date to the next month.

 

Bank Rate

The rate charged by the bank for early termination fees.

 

Set Statement Details On Loan Creation

This is used when a loan application is settled (i.e. the money is paid out and an account is created). If the flag is set then the newly created fixed loan account will have Statement Next Date set to the loan application’s Start Date field (or today if that’s not set), plus one payment period (which is usually a week or a month).

 

Account Closure Tolerance

Once an account is down to this value it can be closed off whether it’s been paid in full or not.

 

Signatory ID

Signatory ID for Centrix SFTP.

Not used by most customers.

Host

Host for Centrix SFTP.

Not used by most customers.

Port

Port for Centrix SFTP.

Not used by most customers.

Username

Username for Centrix SFTP.

Not used by most customers.

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Last updated: 23 January 2023