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XXTK_CHILDREN_EDU_LOAN_DED
/***************************************************
*
* Formula Name : XXTK_CHILDREN_EDU_LOAN_DED
*
* Description : This formula is to compute Deduction amount for
* Elements mentioned below. Deductions with Negatvie Salary Carry Forward
*
*
* Element Requirements
* 1.
*
* User Defined Function
* 1. None
*
* Change History
* --------------
*
* Who Date Description
* ---------- ---------- -----------------------
* Sabyasachi 22-Jun-11 Created.
* Nadeem 03-Oct-17 Modified to include the Reducing interest rate for interest
calculation
* Nadeem 27-Dec-17 Modified to include the Negative Balance Issue
*****************************************************/
NEG_SAL_BF_BAL = NEG_BALANCE
MON_PAYMENT = LEAST(INSTALLMENT_AMOUNT_VALUE,OS_LOAN)
MON_PAYMENT = PRINCIPAL_REMAINING/*BALANCE_OUTSTANDING -
CASH_SETTLEMENT*/
OS_LOAN_NEW = 0
AMT_PAID_NEW = TOTAL_AMOUNT
CASH_SETTLE = 0
TOT_AMT_PAID = TOTAL_AMOUNT
MSG = 'Termination Month. Recovering all'
NEG_SAL_CF = 0
PRINCIPAL = PRINCIPAL_REMAINING
INTEREST = 0
)
)
/************** < Adding section for termination recovery End>
*******************/
RETURN MON_PAYMENT,
OS_LOAN_NEW,
AMT_PAID_NEW,
CASH_SETTLE,
TOT_AMT_PAID,
MSG,
NEG_SAL_CF,
NEG_SAL_BF_BAL,
INSTALLMENTS_DEDUCTED_N,
PRINCIPAL,
INTEREST,
PRINCIPAL_REMAINING,
DEDUCTED_INTEREST,
DEDUCTED_PRINCIPAL,
INTEREST_REM