When a bank and customer agree new condition fixing for a loan on the date of renewal, and this new condition fixing period begins after the end date of the old condition fixing period but is also backdated to begin before the date of renewal, this is referred to as “backdated late renewal”.

When there is no agreed renewal period at the end date of the old condition fixing, the system locks the account and creates a post-processing order (PPO).

At a future date, when backdated late renewal is executed, you can retrieve the account from the PPO and create a new condition fixing period for a previous date (backdated). Any gap between the old and the new condition fixing periods is filled with interim condition fixing, and an interim inpayment agreement (with zero conditions) is created as part of the execution of the renewal order.