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Rate |
  
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Navigation: Loan Screens > Account Information Screen Group > Reserves Screen Group > Account Reserve Detail Screen > Reserve Payment tab > Reserve 1 and 2 field groups >
Rate
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Rate |
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Entry: User, numeric
F/M: Yes
Mnemonic: LNR1IR, LNR2IR
Screen: Loans > Account Information > Reserves > Account Reserve Detail > Reserve Payment tab
The Rate field contains the rate at which interest is calculated on the first Reserve Balance when your institution pays interest on reserves. This field is used only if the Pay Interest on Reserve field is checkmarked. You should enter data for this field, if needed.