Rounding method

Using the Rounding Method picklist in the lending product, you can define whether to use rounding or not. Rounding applies to all transaction amounts for the contract, and also for calculating investor funds, payouts and service fees.

For more information on Rounding Method, refer to sections Creating a Simple Loan Product, and Rounding Off in the CL Loan Administration Guide, and section Applying Rounding Method to a Marketplace Application in the CL Marketplace User and Administration Guide.

If you are upgrading to CL Loan 2.50008 or later, you must add the fields Rounding Method and Digits After Decimal to the following layouts of the Lending Product object:

• Amortization Based Loan Product Layout
• Line of Credit Product Layout
• Loan Product Layout

For steps to do this, refer to section Modify the Page Layout.

Recommended layout