<LOANCUSTOMREPAYMENTSCHEDULE> - Sub Element of <LOAN>

Attribute Type Size REQ Default Comments
Operation String   Yes ADD The values for Operation are ADD, UPDATE, and DELETE.
If UPDATE or DELETE is used, the RowID or PaymentNumber must be set.
When using UPDATE, UpdateFlag="1" in <LOAN> must be set.
PaymentNumber Numeric 9 Yes   Specifies the payment in loanacct_custom_pay_sched that will be updated with the specified parameters if Operation="UPDATE".
PaymentType Numeric 1 Yes   The PaymentType specifies how the payment will be billed. The following are the valid values:
0 = Interest only payment
1 = Principal only payment
2 = Principal payment plus accrued interest
3 = Fixed payment amount covering all interest remainder to principal
4 = Bill all outstanding interest
5 = Bill all outstanding principal
6 = Bill all outstanding loan balances
7 = Interest only payment less outstanding billed interest
8 = Principal only payment less outstanding billed principal
9 = Amortized Payment Amount
DueDate Date   Yes   MM/dd/yyyy or as configured by the DATEFMT user defined parameter.
AmountType Numeric 1 Yes   The AmountType specifies how the payment will be assessed. The following are the valid values:
0 = Not Applicable
1 = % of original principal
2 = % of current principal
3 = % of current interest
4 = Fixed payment amount
5 = Calculate payment amount. Applicable only when Operation = "ADD"5.20+
AmountPercentage Numeric 5,2 No 0.00  
FixedAmount Numeric 16,2 No 0.00  
PaymentBilledFlag Numeric 1 No 0 0 = False
1 = True
UseAsImplicitRate Numeric 1 No 0 If set to 1, the interest rate will be derived from this Custom Payment Schedule. Applicable only if Interest Method = Fixed Amortized Beginning
DueDateType Numeric 1 No 0 0 = Relative to Origination Date
1 = Relative to Previous Payment

If Operation="ADD" and DueDateType="0" then DueDate = origination date.
If Operation="ADD" and DueDateType="1" then specified DueDate is used.
DueDatePeriod String 2 No  
NumberOfPeriods Numeric 5 No  
DueDateDayValue Numeric 2 No   Valid values are 28, 29, 30, and 31.
Repeat Numeric 5 No   If Operation="ADD", the due date is advanced to the following DueDatePeriod the specified number of times.
RowID Numeric 9 No   Only used if Operation is UPDATE or DELETE