Calculator Lines in Financial Leasing App

Abs and Rel change

In Financial Leasing App you have ability to change absolute and relative values of individual installments manually via Financing Contract/Home/Calculator Lines. After opening the page, we have buttons in upper part of the screen:

• Update

  • This button recalculates changes done within calculator lines (e.g. in Abs, Rel, etc.)

  • After updating lines are new values visible in Calculator Lines/Lines

• New Calculation

  • This button forgets manually entered values

  • New Calculation button resets Abs and Rel into the DEFAULT values

• Mass Change Abs Rel

  • Simple wizard to change multiple installments (e.g. from installment 1 to installment 6 will be abs value 0)

  • Clicking on Finish button (3rd step of the Wizard) save changes and recalculate Payment Calendar

• Finish

  • If the result (seen in lines after Update) meets user expectation, changes can be transferred into the Payment Calendar by pressing the Finish button.

  • This action also recalculates the Payment Calendar

General fast tab

• Contract No.

  • Information coming from Financing Card

• Part Payment Due Date

  • Information coming from Financing Card

• Principal Amount

  • Information coming from Financing Card

• Financing Rate - Total

  • Information coming from Financing Card

• Customer Name

  • Information coming from Financing Card

• No. of Payments

  • Information coming from Financing Card

Calculator Lines

In lower part of the screen are placed Lines, where is possible to enter desired values in order to create. We are allowed to modify only lines which are not posted yet.

• Changing Abs value adjusts the annuity amount by the value entered in the abs column

• Changing Rel value adjust the annuity amount following

  • entering 0, anuity will be 0

  • entering 2, anuity will be doubled

  • Example:

    • We changed absolute value of 7th line and relative value of 9th line.

    • To see recalculated values we click on Update button.

    • Anuit was increase above the absolute value and relative change to zero updated anuit to zero.

    • To make this change visible in payment calendar we need to confirm changes with Finish button.

• Internal Abs

  • Internal Abs does not have a usage in Financial Leasing

  • More is under Calculator Lines in OC Loans App

• Calculation Line Changes

  • Function is available just for Interest Calculation model

  • More is under Calculator Lines in OC Loans App