Creating an amortization schedule for investors

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Creating an amortization schedule for investors

An amortization schedule is created for investors at the investment order level showing the projections of what they will receive till the maturity of the contract.

Prerequisites

The following is the prerequisite for creating an amortization schedule for investors:

  • A CL contract is created and investor(s) is (are) assigned to it.

Steps

Perform the following steps to create an amortization schedule for investors:

  1. Login to your Salesforce account.

  2. Click CL Contracts and select a Contract.

  3. Select Investors tab.

  4. Click Investment Order Initial Setup.

    The Multiple Investment Order Assignment page is displayed.

  5. Specify the Investor Name.

  6. Specify the Investment Amount. 

    Note:

    Share field is displayed automatically.

  7. Specify the Start Date.

    Note:

    Certificate Rate is displayed automatically.

  8. Select the Generate Amortization Schedule checkbox.

    Note:

    It is mandatory to select this checkbox to create the amortization schedule.

  9. Click Validate. The investment orders are added and a confirmation message is displayed. The investment loan ID is created and listed under the Investment Orders as shown in the screen below.

  10. Click Investor Loan ID. The Investment Order Detail page is displayed.

  11. Click Amortization Schedule to view the amortization schedule for the investors.