Loans > Loan Screens > Account Information Screen Group > Additional Loan Fields Screen > Valuation/Billing tab > Statements and Coupons field group

Mnemonic: LNBCYC

Click the list icon to the right of this field in the Statements and Coupons field group to select when to print the coupon or bill and receipt statement. This also determines if a loan should receive a year's worth of coupons, coupons for the life of the loan, coupons to the next P/I change date, or coupons to the reserve analysis date.

Institution Option SCPB must be enabled for the coupon printing feature to be available.

For payment method 5 loans, this field correlates with the calculation of the payment and billing statement. Entering a Finance Charge Code on the Loans > Line-of-Credit Loans screen will automatically cause the appropriate "2XX" code to be entered in the Coupon/Billing Cycle field.

The bill and receipt form cycle is keyed by the code in the Pmt Frequency field on the Loans > Account Information > Account Detail screen. The bill and receipt for mortgage loans is documented in the Loan Reports manual for Bill and Receipt (FPSRP316) in DocsOnWeb. The following codes are available.

Code

Description

000*

No coupons or bill and receipt unless done online.

001*

Creates coupons from due date to the reserve analysis effective date. On payment method 7 where a reserve constant is present, coupons will be printed to the earliest of the P/I Constant Change Date or the Reserve Analysis Date. For loans with no reserve constant present, the coupons will print to the P/I Constant Change Date. If there is no reserve analysis date, the default is 02-01.

002*

Coupons ordered to the earliest of the P/I constant change date or the reserve analysis effective date, regardless of whether the loan has a reserve constant or not. For loans with no reserve constant present, the coupons will print to the P/I Constant Change Date. If there is no reserve analysis date, the default is 02-01.

003*+

Coupons are ordered for the life of the loan.

004

Coupons are ordered for four years. For coupons ordered for four years with cycle code 004, the system uses the first due date and adds 48 months to determine the number of coupons to print.

101**

Same as 001 except the system will order the coupons automatically based on the opening of the loan (transaction code 680). Will also automatically generate coupons when a payment change takes place.

102**

Same as 002 except the system will order the coupons automatically based on the opening of the loan (transaction code 680). Will also automatically generate coupons when a payment change takes place.

103**+

Same as 003 except the system will order the coupons automatically based on the opening of the loan (transaction code 680). Will also automatically generate coupons when a payment change takes place.

104**

Same as 004 except the system will order the coupons automatically based on the opening of the loan (transaction code 680). Will also automatically generate coupons when a payment change takes place. For coupons ordered for four years with cycle code 104, the system uses the first due date and adds 48 months to determine the number of coupons to print.

200

Free Format Statement or Payment Method 5 Billing Statement. Print for next month when run.

	Note: One of the following codes must be entered if a Coupon/Bill Code of 5, 10, or 11 is used.

	Note: Billings attempted on payoff locked-in payment method 5 loans will not create a statement. Instead, these attempts are reported as exception messages on the Afterhours Processing Exceptions Listing. Refer to FPSRP013 in the Loan Reports manual.

See Bill and Receipt Program below for more information.

200 to 230

The second and third digits of this code indicate how many days before the due date to bill the loan (e.g., 210 will bill 10 days before the due date).

	Note: The General Category field on the Loans > Account Information > Account Detail screen must be 3 to 7 to make this code print statements at the scheduled time for loans that are prepaid or for loans that have loan payment periods longer than one month.

250

Grace days plus 1: e.g., 250 will bill during the afterhours of the 17th of the month if the due date was the first of the month and the loan had 15 grace days (i.e., due date = 5/1/00 + 15 grace days = 5/16/00 + 1 = 5/17/00 afterhours).

* For codes 001 through 003 you must manually order the coupons through GOLDTeller (tran code 82) or by using the action codes in the Loan System. If you use an administrative terminal you must enter the appropriate Action Code on the Loans > Account Information > Actions, Holds and Event Letters screen in CIM GOLD. When ordering through GOLDTeller, the transaction places the action code "100" on the desired loan.

** For codes 101 through 104, the system will automatically order coupons. (For example, if code 101 was entered on a new loan when the loan was opened with a 680 transaction, coupons will automatically be ordered.)

+ For life-of-loan coupons (codes 003 and 103), the system uses the first due date and adds the term to determine the number of coupons to print. (Generally, the first payment date and the due date are the same. However, if payments have already been made, the coupons will begin with the current due date.) The last coupon will not print a payment amount, but will print the message, "Please call loan department for final payment figure." (Hint: To manually determine the number of coupons to the maturity date, subtract the number of installments from the loan term. Note that the system uses a different calculation method to reach this number. (This is true for all coupon/bill cycle codes.))

For more information on ordering coupons and bill cycles and to see some examples, see Ordering Coupons.

Bill and Receipt Program (Coupon/Bill Cycle 200)

The Bill and Receipt statement (FPSR316) will be created if:

1.	Coupon/Bill Code is 20;

2.	Coupon/Bill Cycle is greater than or equal to 200;

3.	Statement Code is greater than or equal to 120 and less than 130.

Refer to Loans > Loan Reports > FPSRP316 in DocsOnWeb for information on this statement.