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  • How To Deduct Charge Amount From Pay Interest Balance For Deposits in AA

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    Emmanuel Uchenna Chukwu
    6 views3 pages
    This document provides instructions for setting up an offset property class called "CHARGE" to deduct charges from the pay interest balance of a deposit. When creating a new deposit, the offset property class must be defined as "CHARGE" with an offset required as yes. The offset payin and payout activities must also be defined. In the payment schedule condition, the charge and interest must be defined. The deposit interest must be defined in the payout rules condition. After deposit creation and funding, any charges made due will be deducted from the pay interest balance.

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    How to deduct charge amount from Pay Interest Balance for Deposits in AA

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    This document provides instructions for setting up an offset property class called "CHARGE" to deduct charges from the pay interest balance of a deposit. When creating a new deposit, the offset property class must be defined as "CHARGE" with an offset required as yes. The offset payin and payout activities must also be defined. In the payment schedule condition, the charge and interest must be defined. The deposit interest must be defined in the payout rules condition. After deposit creation and funding, any charges made due will be deducted from the pay interest balance.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    6 views3 pages

    How To Deduct Charge Amount From Pay Interest Balance For Deposits in AA

    Uploaded by

    Emmanuel Uchenna Chukwu
    This document provides instructions for setting up an offset property class called "CHARGE" to deduct charges from the pay interest balance of a deposit. When creating a new deposit, the offset property class must be defined as "CHARGE" with an offset required as yes. The offset payin and payout activities must also be defined. In the payment schedule condition, the charge and interest must be defined. The deposit interest must be defined in the payout rules condition. After deposit creation and funding, any charges made due will be deducted from the pay interest balance.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Set up to deduct charges from Pay Interest Balance.

    When new deposit is created, Please define below fields


    Offset property class – CHARGE
    Offset Required – Yes
    Offset payin Activiyty and Offset payout activities as shown below in screenshots

    In payment schedule condition, Define charge and interest as below

    Define DepositInt in payout rules condition AA.ARR.PAYOUT.RULES


    After deposit creation and funding deposit , Charge which is made due will be settled. This charge
    amount will be deducted from PAYINTEREST

    We can see charge amount deducted from PAYINTEREST

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