Minimum and Maximum Amount for Interest on Arrears Calculation
You can define minimum and maximum amounts for which the system does not calculate interest on arrears:
If you want to define the minimum amount, you have the following options:
By automatic waiver
In the Customizing activity Define Condition Types
, you have made the following settings in the condition type for interest on arrears:
For the amount category
, you have selected the Allow Waiver
checkbox.
Under Waiver
, you have defined the posting types for waiver.
On the Financial Conditions
tab page of the contract, you have defined the waiver
condition type as the standard or individual condition. In the Details
, you have defined the interest on arrears using the Reference Condition Types
pushbutton. You have defioned the upper and lower limits using the Waiver From
and Amount
fields.
Trivial amounts
In the Customizing activity Define Trivial and Minimum Amounts
, you have defined the trivial amount for the relevant condition type for interest on arrears. They system does not calculate interest on arrears under this amount.
If you want to define the maximum amount, you define them using the automatic waiver (see automatic waiver).
You have defined the upper limit using the Waiver From
and Amount
fields. Note that the system does not take into account the tolerances during payment distribution. You have defined the tolerances in the Customizing activity Define Payment Tolerances
.