Summer'22 Release
New features
The following table lists the new features added to the Q2 Loan Servicing User Guide for Simple Loans for the Summer'22 release:
| Serial Number | Feature | Link to the section |
|---|---|---|
| 1 | Reference Floor and Cap Rates | Floating Rate Index > Floor and Cap Reference Rates |
| 2 | Interest Capitalization Posting on Business Days only for all frequencies | Interest Capitalization Posting on Business Days only > From the Summer'22 release |
| 3 | Transaction Statement for Pre-paid fees in LDT | Transaction Statement > Transaction Statement for Pre-paid fees in LDT |
| 4 | Transaction Statement includes identifier column to differentiate between Adjusted Interest as Credit and Debit |
Transaction Statement > Following new columns are added in the Transaction Statement:
|
| 5 | Prepayment Penalty Fee | Apply Prepayment Penalty Fee |
Q2 Loan ServicingUser Guide for Simple Loans