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In this session we will be looking at the performing of the interest calculations on Loans.

This is usually a Monthly exercise as an End of Day function on the last day of the Month or as soon as possible thereafter, i.e. the next day or soonest thereafter.

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We give our Interest run a name or an identifier so that we can retrieve it on the Look-up to see which Interest runs have been performed and when.

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The Transaction Period that we select will always be the Period for which we are calculating Interest.

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Of course we can apply a Data Selector that will select all the Loans or a Data Selector that allows us to select only certain Loans if we wish to.

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In this case the Data Selector that I used allow me to specify a Selection Flag if I only want to do some of the Loans.

I am leaving the Wild Cards. In other words I am selecting all of the Loans.

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We can always query which Interest runs have been performed, when and by whom.

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We can also perform a Report on the Interest Transactions generated by the System if we have a need to see those.

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Here we have some Interest Transactions that the System has generated in the example of the Calculation of Interest.