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Interest Calculation Flat Amount

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Former Member

‎06-05-2011 9:39 PM

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Can you tell me how you configure interest (LPC) for a flat rate (no percent but a flat amount)?

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Former Member

‎06-06-2011 7:44 AM

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Hi,

Please check FQEVENT 2095 (Interest: Calculate Net Amount for Interest Calculation). If you can make net amount constant it will result in flat rate as expected. Additionally you can have code custom logic when to apply flat interest.

I haven't tried this, however you can try and let us.

Regards,

Avinash

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Former Member

‎06-06-2011 7:44 AM

0 Kudos

Hi,

Please check FQEVENT 2095 (Interest: Calculate Net Amount for Interest Calculation). If you can make net amount constant it will result in flat rate as expected. Additionally you can have code custom logic when to apply flat interest.

I haven't tried this, however you can try and let us.

Regards,

Avinash