3.3.6.3 Accruals Preferences
Table 3-10 Accruals Preferences
| Fields | Description |
|---|---|
| Accrual Required | Select this check box to indicate accrual is required. |
| Accrual Method | If you have selected the Accrual Required check box, you have to select the accrual method. You can accrue a fee using the straight line or discount accrual method. |
| Accrual Frequency | Specify the accrual frequency. The frequency can be one of the
following:
|
| Accrual Frequency Units | Specify the units of accrual frequency here. If, for example, you select the frequency of accrual as Monthly, and specify the frequency units as 5, the accrual once in five months. |
Parent topic: Specifying Fee Components for a Borrower Product