Section

This is either; Actual, Notional or Process items.

From date        

Option to use previous period or calculation from / to dates.  Please note to use these options, there must already be existing periods or calcs present.  There is an option to use 1^st adjustment date.  To ensure this works correctly the adjustment set has to be open.

(Note if ‘From date’ is entered into the wizard via a user form with a wizard containing minimum default values for ‘ To date’ and   ‘First payment date’ , these defaults  are ignored. )

To date                        

Option to use previous period or calculation from / to dates and current from date + term,’ Today’, Last Adjustment to date and Last Adjustment to date + 1 day. For the last two options to work correctly, the adjustment set has to be open.  If the “To date” is set to “From date + term”, the “Actual term” must be specified in the wizard and it must be before the “To date”.  

Part

Calculation part (A-X), User variable

First payment               

Options are ‘From date’ or ‘From date + 1 month’

Actual Term      

Options are Years & Months or just Months.  Please note with selection set to “Years and months”, the Min and Max values will apply only to the Years field. Also, Years & Months only works if 'Enter' is chosen as the 'Task' which can then be selected in the data input window.

Notional term               

Option available to set the term to be the same as the actual term or alternatively a term can be specified using the value column.

Balance           

Specify the balance to be used in the calculation

Balance adjustment      

Select the balance adjustment required from the dropdown list

Ignore Balance             

Select the option required from the dropdown list

Add uncollected interest           

Specify whether to add the uncollected interest or not by selecting Yes or No

Reference

Specify the reference number for the case

Policy                          

Specify the reference number for the policy

    ■    No check – does not check if the policy number entered has been used in any case already created

    ■    Check existing – checks if the policy number entered has been used in any case already created, need to have  'Enter' chosen as the 'Task' - will give a warning on the data input window

Policy provider             

Select the policy provider from the dropdown list

Action                          

Specify what type of calculation you wish to do e.g. Loan related.  This must be set before selecting the lender and interest rates otherwise the lender and interest rates lists will be empty

Show all interest rates   

Specify whether to show all the interest rate tables available or not by selecting Yes or No

Actual type                  

Select the actual mortgage / loan type: Repayment or Interest only

Actual lender                

Select the actual mortgage / loan lender required.  This is based on Action.  For example, if the action is mortgage related, the lender list will be updated with a list of mortgage lenders.  If the action is loan related, the lender list will be updated with a list of loan lenders.

Actual interest rate        

Select the actual mortgage / loan interest rate required.  This is based on Actual Lender and Show all interest rates.  For example, if the Actual Lender is Halifax, then the interest rates available will be those that are provided by Halifax.  If the Show all interest rates is set to Yes, then all the interest rate tables will become available not just the ones specific to the lender

Notional type               

Select the notional mortgage / loan type: Repayment or Interest only

Notional lender             

Select the notional mortgage / loan lender required.  This is based on Action

Notional interest rate     

Select the notional mortgage / loan interest rate required.  This is based on Notional Lender and Show all interest rates

Actual adjustment         

Specify whether to clear the actual adjustment selection on the debt consolidation screen or to select a new adjustment set.  For the latter, make sure the name of the adjustment set is entered in the value column.

Common adjustment    

Performs a similar action to Actual adjustment but for the common adjustment selection on the debt consolidation screen

Notional adjustment      

Performs a similar action to Actual adjustment but for the notional adjustment selection on the debt consolidation screen

Save case                    

Specify whether to Save the case or to Save and Exit