Loans > Loan Screens > Account Information Screen Group > Consumer Line-of-Credit Screen > Options tab > Billing & Payment Options field group

You are not allowed to enter data in the Coupon & Billing Cycle field on payment method 5 loans. For more information about coupons, see the Coupons help page.

	Note: For codes 001 through 003, you must manually order the coupons through a teller transaction or through 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. When ordering through a teller terminal the transaction places the action code "100" on the desired loan.

Possible cycle codes in this field are as follows:

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.

	Note: 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.)

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.

* 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/billing cycle codes.))

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/billing cycle 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.

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 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).