4.3.2.3 Handling Refund of Interest
- Oracle Banking Trade Finance facilitates refund of interest for the
following.
- Reduction of Bill Amount for a Split
- Reduction of Maturity Date for a Split
- Liquidation of a Split prior to its maturity date
- Back dated Liquidation of a Split
- The system calculates the interest amount for refund for the respective split based on the serial number of the split changed
Parent topic: Process Interest for Multi Tenor Bills