Banking Product Factory 21.1.7000

April 21st, 2021

This release introduces a new feature to the Interest, Commission, Insurance, and Discount product dimensions which can now be defined with an attached business formula for value. Also, a set of out-of-the-box schedule type templates are now available. The features are detailed below.

What's New

Value Business Formula for Product Dimensions

The Interest, Commission, Insurance, and Discount product dimensions can now be defined with an attached business formula for value. To accommodate this, the Use Banking Formula checkbox has been added. In addition, the Banking Formula Type field allows you to pick from already defined banking formulas. For more details, see the following pages:

• Interests

• Commissions

• Insurance

• Discounts

New Schedule Type Templates

A new set of out-of-the-box schedule type payments are now available with the Active status. The templates contain only the mandatory fields, no commissions or interests are defined. For more details, see Payment Schedule Types.

Known Issues

For the payment schedule type business workflow (Draft, Active, Version Draft, Closed) with validations, there are two server-side validations performed when transitioning from Draft to Active:

• The Interest column needs to be calculated after the calculation of the RemainingValue column. Please change the order in the grid.

• The column {0-ex.TotalInstallment} with formula {1-ex.Principal+Interest} has column {2-ex.Principal} calculated after formula. Change the order in the grid.