It is very important to know when an adjustment starts and ends. This is shown below:

 

1.             To Date

 

If you do not put in the end date when required, the adjustment will be ignored.

 

This normally indicates the date that the adjustment finishes and as such, the system will work out calculations up to the day prior to the date entered (excludes final day).

 

Discount rate    2%       1/1/1990 - 1/4/1990       

- Discount from 1^st Jan 1990 and up to the 31^st Mar 90

 

The only variance to this is missed payments, which is when you indicate the period you want the payments to be missed (start / end).

 

2.             Using the To Date periods

 

When we use the month and year in the ‘to date’ adjustment column, the system will automatically apply the required arithmetic to ensure the adjustment is applied correctly.

 

Discount rate 2%           1/1/1990                        3M        = 1/4/1990

 

Missed Payment           1/1/1990                        3M        = 1/3/1990

Related Topics

Adjustments