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Background documentationCurrent Settings for Interest on Arrears Calculation

 

If you want to calculate interest on arrears for the loan, you have defined the relevant condition groups on the SAP Easy Access screen under Start of the navigation path Financial Services Next navigation step Account Management Next navigation step Current Settings Next navigation step Financial Conditions Next navigation step Condition Group Next navigation step Edit Condition Group End of the navigation path (see condition group).

You have assigned a condition group type that you previously defined in Customizing under Maintain Condition Group Types to each condition group. You have defined the condition types, such as Interest on Arrears for Charge, in the condition group using the selection list. You have also defined the following values for the interest on arrears:

  • Percentage rate

  • Interest calculation method, which must correspond to the source condition, such as interest on arrears for interest or charges

  • Currency

  • Time periods

The system enters the condition types from the product in contract as standard conditions (see standard condition).

You can individualize the standard conditions or overwrite them with individual conditions. For moreinformation, see Individualization and Individual Condition.