Prepayment Operation

The "Prepayment" operation is performed manually to distribute the prepayment across the required amount types, for example: Principal Prepayment and Interest Prepayment. To create an operation, you need to go to the contract, navigate to the "Financial Information" tab, and click the "Adjustments" button.

On the page, you need to select the "Simple Operation" button. When you click the button, fields that are required to be filled in will appear.

Movement Type - Prepayment;

Amount Type – from the dropdown list, select the required Amount Type: Principal Prepayment, Interest Prepayment, or Administrative Fee Prepayment;

Payment - you must select Bank or Cash, depending on how the payment was received through Bank or through Cash;

Operation Date – payment date;

Amount - payment amount "Off-balance" - no.

Here you can also see available tranches, according to the Contract terms. To select tranche dates, you need to click on "+" next to the required dates.

In the movements section, you need to fill in the "Minus" sign field and the amount; Click "Create Operation"; Next, you will see information about a successfully completed operation or a warning about the inability to perform the operation.