In addition to the various events that are available, you need to associate the following events for processing the fee components in Oracle Lending:

• Event FELR

This event is triggered whenever you associate a new upfront fee component with a contract or when you amend the financial details of a fee component.

You can define relevant accounting entries that need to be passed during this event. This is discussed in the subsequent sections of this manual.

• Event FACR

The accrual entries for the fee amount is passed when this event is triggered. You can specify the relevant accounting entries that need to be passed during this event. This is discussed in the subsequent sections of this manual.

You should maintain the following set up for charges if the option Consider as Discount has been selected: