April 2024 (4.5000) Release
New features
The following table lists the new features added to or updated in the Q2 Loan Servicing User Guide for Master Facility type of Loans for the April 2024 (4.5000) release:
| Serial Number | Feature Name | Link to the section |
|---|---|---|
| 1 | Automated Consolidated Payments |
|
Enhancements
The following table lists the new enhancements made to the existing features in the Q2 Loan Servicing User Guide for Master Facility for the April 2024 release:
| Serial Number | Feature | Enhancement | Link to the section |
|---|---|---|---|
| 1 | Automatic Interest Adjustment | Regular payment satisfies the Adjusted Interest Capitalized value before other interest values. |
Automatic Interest Adjustment > Example: Regular payment when there is some Adjusted Interest Capitalized value within the loan (This feature is for child loans that are simple loans) |
Documentation enhancements
The following table lists the enhancements made in the documentation of the Q2 Loan Servicing User Guide for Simple Loans Guide in the April 2024 release:
| Serial Number | Topic | Link to the section | Remarks |
|---|---|---|---|
| 1 | Time Counting Methods | Interest Calculations using Time Counting Methods | This topic has been updated with additional examples and information to make it more elaborate and easy to understand. |