Hi,
We have a requirement to charge 3 different components in interst on the same loan on the given date. In product category 550 (interest rate instrument) is there any possibility to maintain multiple conditions for the same date. To be more clear on the requirement, we have 3 different components of interest which wil be charged on the loan borrowed. 1. Nominal Interest, 2. Additional interest / margin 3. Risk . All these are calculated on principle amount in the similar lines of interest.
Experts, if any of you handled such requirement in Interest rate instrument, please help. I know we can handle this in Loans Management, but we are using FSCM -TRM only and product type under product category 550 is being used by the customer.
The requirement is to have a report on how much is paid on three different components of interest.
thanks in advance for the help.
Kumar