Contracts

Interest Rate Adjustment

Info:

• Ensure that an interest rate with effective date has been configured
• Interest Rate Adjustments can only be done for contracts that have Rental Information History. Refer to the ' Rental Calculator ' manual.

Ribbon Access:   Modules   >   Contract Management > Processing > Interest Rate Adjustment

• Use the check boxes to select the Contract Types, Fee Types, Contract and Contract Items that you want to apply the interest rate adjustment to.
• The Interest Rate to be Applied is determined by the Rate and Effective Date configured in Interest Rates.
• The Items frame will indicate the Rate, Current Amount, Increase and New Amount - which you can review before saving.
• Click on the 'Save Record' button to process the Rate Adjustment.