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AA - Lending - Prepaid Activity

  • saravanapv
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7 years 4 months ago #20516 by saravanapv
AA - Lending - Prepaid Activity was created by saravanapv
Dears,

I'm doing TAKEOVER activity of existing Loan for FIXED PRINCIPAL with monthly once installment FREQUENCY.

Now I want to Prepaid 1000 USD out the remaining Principal 5000. Monthly Principal is 500 USD and Interest varies.

This prepaid amount 1000 USD should go to UNC ACCOUNT and it will be used to decrease the principal amount of 500 USD for next two months without affecting any change in Principal and Interest Schedule.

Now let me know which ACTIVITY I need to use for Prepaid amount in UNC ACCOUNT??

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4 years 4 months ago #22420 by kowalskiyaar
Replied by kowalskiyaar on topic AA - Lending - Prepaid Activity
you can post a ACCR(lending-credit-arrangement) type FT as a secondary activity, during the takeover activity so that the FT amount moves to UNC.

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