Installment Loans: Conditions

Use

A condition table with specific conditions as default values is assigned to a product from the product category Installment Loans (360). Using this function you can process assigned condition or create new conditions.

Note Note

You can only use this function for loans that are based on the product category Installment Loans (360).

End of the note.

Prerequisites

  • You have defined at least one product in the system.

    For more information, see Product .

  • You have defined at least one condition table in the system.

    For more information, see Condition Table .

  • You have assigned a condition table to the product.

    For more information, see Editing a Condition Assignment .

  • You have completed the following in Customizing for Loans Management :

    • In the IMG activity Control Condition Verification , you have determined which predefined condition checks the system performs for the product type.

    • In the Business Add-In BAdI: Customer-Specific Condition Checks, you can determine custom checks for conditions.

Scope of Functions

  • The system displays all conditions that are valid for the installment loan in an overview. You can process these conditions. If you change conditions that the system has created based on the product or from business operations, the system displays the symbol in the Status column. You can display the changes to the standard condition in the quick info.

    Note Note

    Changes that you make to conditions for a loan are only valid for this loan. You need to change the product or assigned condition table to make general changes to conditions.

    Changes that you make with this function always overwrite the settings from the condition table.

    End of the note.

  • The system checks the plausibility of the conditions. Messages are displayed in the message window. You can call the Condition window by selecting the field for which the system has reported an error message and choosing ( Detail Exists ).

  • Using a Business Add-In (BAdI) you can adjust the condition check to your requirements.

    For more information, see the Implementation Guide for Loans Management under BAdI: Customer-Specific Condition Checks.

Changing a Condition

You can change an existing condition by selecting the required condition and choosing ( Change Condition ). The Condition screen with the tabs Amounts, Dates, and Settlements appears, where you can make the required changes.

When you manually change a condition you must then recalculate the term, payment installment, or the balloon. Choose the arrow to the right of ( Calculate ) and then Adjust Term, Adjust Installment, Adjust Final Installment .

Note Note

You can only change conditions if no flows have been posted. To change conditions for flows that have already been posted, you need to first either reverse or restrict the validity of the flows.

End of the note.
Payment Installment, Term, and Balloon

You can change the payment installment, the term, or, for a variable rate balloon loan, the balloon for a loan. The changes possible are restricted by the product on which the loan is based. You can, for example, change the payment installment for a loan with fixed term, but the term must remain the same, and the system then adjusts the balloon.

The following options are available:

  • Recalculate the payment installment when the fixed term and balloon have been specified.

  • Recalculate the term when the fixed payment installment and balloon have been specified.

  • Recalculate the balloon when the fixed payment installment and term have been specified.

Choose the arrow to the right of ( Create Condition ) and then New Term, New Installment, New Final Installment .

Note Note

You can simulate the changes before you execute them.

End of the note.
Accrue/Defer Condition

You can define a new start of validity period for an existing condition, and in this way can set a change to the payment installment for a specific date in the future.

Choose the arrow to the right of ( Create Condition ) and then Accrue/Defer Condition .

Determine New Due Date

You can determine a new due date for an existing payment condition. Additionally, you need to specify from when the new due date is valid.

Choose the arrow to the right of ( Create Condition ) and then New Due Date .

Note Note

You can change the due date of a condition only when you have not made any changes to the predefined condition due dates in the system.

End of the note.
Create New Condition

You can create new conditions for a loan. Condition types are available for this which are assigned to the condition table on which the product is based.

Note Note

The validity of a new condition must begin in the future, such as a new fixed interest rate starting at the beginning of the next period.

End of the note.

Choose the arrow to the right of ( Create Condition ) and then Create Condition .

Note Note

The system provides you the condition types for selection, which you have assigned to the product in the condition table.

End of the note.

Activities

  1. In the SAP Easy Access menu choose Start of the navigation path Accounting Next navigation step Bank Applications Next navigation step Loans Management Next navigation step New Business Next navigation step Installment Loan Next navigation step Edit End of the navigation path .

  2. In the Change Installment Loan screen, choose Conditions .

  3. Make the required changes.

  4. Save your entries.

See also

Example Condition Tables: Installment Loan