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Default Rate field group |
  
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Navigation: Loans > Loan Screens > Cards and Promotions Screen > Rate Information tab >
Default Rate field group
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Default Rate field group |
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Use this field group to view and edit information about the default interest rate on the customer card loan account. This information applies when the loan is in default (the penalty phase).
The fields in this field group are as follows
Field |
Description |
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Mnemonic: LNLPRT |
Use this field to indicate the rate used in calculating interest on promotions (and non-promotions) that use the loan card’s effective accrual rate. If this value is changed, the accrued interest is recalculated for the current date using the old rate, and the date last accrued is changed to the current date. |
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Mnemonic: LZVPNR |
Use this field to indicate whether the customer card loan account has variable default interest rates. |
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Mnemonic: LZDPTR |
Use this field to indicate the rate pointer used on the customer card loan account. Rate pointers are set up on the Loans > System Setup Screens > Interest Rate Table screen. |
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Mnemonic: LZDRFF |
Use this field to indicate the percentage used in conjunction with the Last Index to calculate the standard Rate for rate-sensitive loans. |
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Mnemonic: LZDFLO |
Use this field to indicate the minimum standard rate allowed on the card loan (after adding the index rate to the margin) for rate-sensitive loans. |
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Mnemonic: LZDFHI |
Use this field to indicate the maximum standard rate allowed on the card loan (after adding the index rate to the margin) for rate-sensitive loans. |