After a multi tenor contract is authorized for the first time, addition and deletion of splits are disabled. However; Bill amount of the Multi Tenor Bills can be amended at the initial stage using Bills Online Screen. Also, amend the rebate amount at the split level at the final stage.

To amend the bill amount, the changed amount needs to be entered at each split level. Then the system defaults this amount as the bill amount in the main tab. When a contract is saved, the system reduces Bill Amount of the contract and the respective split by the Rebate Amount. Rebate on a split bill amount is collected from the customer’s account if it is processed on a discounted or negotiated portion.

After an amendment is saved, the system validates for the changed split amount of each split to be lesser than the liquidated amount of the split. If so, then the system will display an error message.

If ‘Recovery Interest Rate’ or ‘Recovery Rate Code’ is specified at the contract level and there is a Rebate on Split Bill Amount, then the interest is refunded or recollected for each split.