Loans > Loan Screens > Account Information Screen Group > Consumer Line-of-Credit Screen > Options tab > Billing & Payment Options field group > Coupon & Billing Cycle codes > Coupons > Determining Beginning/End Dates of Coupons

Determination of Beginning and Ending Dates of Coupons with no Reserve Constant

Cycle Code 001 and 101(Payment Method 0 Non-Adjustable Loans)

When ordering coupons using action code 100 or 105, coupons will be created from the due date to the reserve analysis effective date. If the loan has a maturity, balloon date or action code date which occurs prior to the analysis date, coupons will print up to the month prior to the ending term of the loan. If the Reserve Analysis Effective date is blank, the default is 02-01.

Coupon Bill Cycle Code 001 and 101 (Payment method 7 Adjustable Loans)

When ordering coupons using action code 100, coupons will be created from the current due date to the Next P-I effective date (if the Next P-I has not been calculated). If the Next P-I has been calculated, coupons will be created from the Next P-I effective date to the following P- change date.

When ordering coupons with action code 105, coupons will be created from the current due date to the Next P-I constant change date even if the Next P-I constant has already been calculated.

Coupon Bill Cycle Code 002 and 102 (Payment Method 0 Non-Adjustable Loans)

When ordering coupons using either action code 100 or 105, coupons will be created from the due date to the Reserve Analysis Effective date. When opening a new loan where the due date and the Reserve Analysis

Effective date are the same, coupons will only be created with the annual coupon run request. If the Reserve Analysis Effective date is blank, the default is 02-01.

Coupon Bill Cycle Code 002 and 102 (Payment Method 7 Adjustable Loans)

When ordering coupons using action code 100, coupons will be created from the current due date to the reserve analysis effective date (if the next uncalculated P/I change date is prior to the analysis date coupons will end at the P-I change date). If the Next P-I has been calculated and there is another P-I change date prior to the analysis effective date, then the coupons will be created from the calculated P-I change date to the Next P-I change date. Remember the coupon end date will be the earliest of the loan balloon payment due date or action code date, the next uncalculated P-I change date, the reserve analysis effective date, or the ending term of the loan. If the reserve analysis is blank, the default is 02-01.

When ordering coupons using action code 105, coupons will be created from the current loan due date to the earliest of the loans ending term, the balloon date or action code date, the P/I change date, or the reserve analysis effective date even if the Next P-I has already been calculated.

Determination of Beginning and Ending Dates of Coupons with Reserve Constant

Coupon Bill Cycle Code 001 and 101 (Payment Method 0 Non-Adjustable Loans)

When ordering coupons using action code 100 or 105, coupons will be created from the due date to the reserve analysis effective date. If the loan has a maturity date, balloon payment date, or action code date which occurs prior to the analysis date, coupons will print up to the month prior to the loan's ending term. If the reserve analysis date is blank the default is 02-01.

Coupon Bill Cycle Code 001 and 101 (Payment Method 7 Adjustable Loans)

When ordering coupons using action code 100, coupons will be created from the current due date (if the Next P-I has not been calculated) to the Next P-I effective date or Reserve Analysis Effective date, whichever is first. If the Next P-I has been calculated, coupons will be created from the Next P-I effective date to the following P-I change date or the Reserve Analysis Effective date, whichever is first. If the Reserve Analysis Effective date is blank the default is 02-01.

When ordering coupons with action code 105, coupons will be created from the current due date to the next P-I constant change date or the reserve analysis effective date (whichever is first) even if the next P-I constant has already been calculated.

Coupon Bill Cycle Code 002 and 102 (Payment Method 0 Non-Adjustable Loans)

When ordering coupons using either action code 100 or 105, coupons will be created from the due date to the reserve analysis effective date. When opening a new loan where the due date and the reserve analysis effective date are the same, coupons need to be ordered manually one month prior to the due date or with your annual coupon run request. If the reserve analysis date is blank, the default is 02-01.

Coupon Bill Cycle Code 002 and 102 (Payment Method 7 Adjustable Loans)

When ordering coupons using action code 100, coupons will be created from the current due date to the reserve analysis effective date if it is prior to the next uncalculated P/I change date. If the Next P-I has been calculated and there is another P/I change date prior to the analysis effective date, then the coupons will be created from the calculated P/I change date to the Next P-I change date. Remember, the coupon end date will be the earliest of the balloon date or action code date, the next uncalculated P/I change date, the reserve analysis effective date, or the ending term of the loan. If the reserve analysis date is blank, the default is 02-01.

When ordering coupons using action code 105, coupons will be created from the current loan due date to the earliest of the loans ending term, balloon date or action code date, the P/I change date, or the reserve analysis effective date, even if the Next P-I has already been calculated.

Special Comments

1.	If you receive one coupon with the error message "PAYMENT NOT EXACT," check the payment application code. It may be blank or missing the principal or interest code.

2.	Check the Afterhours Processing Exceptions Listing (FPSRP013) for problems.

Institution Option (Vendor Tapes)

In addition to the billing cycle there is also an institution option (57) pertaining to outside vendor tapes. This option identifies which day of the week or month you want a vendor tape created.

Example: You may have an option set up to only create a National Computer Print coupon tape every Thursday. With this option you can order coupons every day. However, the system will store that information and only put those loans on the NCP tape each Thursday. In this instance you will only get a report of coupons ordered each Thursday rather than every day that you requested coupons.