Reschedule reversal on prepayment reversal
Reversal of a prepayment transaction that caused a reschedule on a loan also reverses the reschedule or rate change action. The Loan Payment ID field on the reschedule transaction and rate change transaction pages is used to identify the transaction that caused the reschedule and or a rate change. Similarly, several snapshot fields are added to capture the pre-change values that are reinstated in case of reversal of the change.
If you are upgrading to CL Loan 2.400x or later, you must add these fields to the Reschedule and Rate Change page layouts of the Other Loan Transaction object. For steps to do this, refer to section Modify the Page Layout.
| Field | Description |
|---|---|
| Loan Payment ID | The payment transaction ID that caused the reschedule or rate change |
| Bill Snapshot | Contains the IDs of the bills that were discarded during reschedule. |
| LPT Snapshot | Contains the IDs of the open LPTs at the time of reschedule. |
| Schedule Snapshot | Contains the IDs of all the repayment schedules archived during reschedule. |
| RSS Snapshot | Contains the IDs of all the repayment schedule summaries discarded during reschedule. |
| Rate Schedule Snapshot | Contains the rate schedule field values. |
| Holiday Schedule Snapshot | Contains the holiday schedule field values |
| Step Up Schedule Snapshot | Contains the step Up schedule field values. |
| Repayment Plan Snapshot | Contains the repayment plan schedule field values. |