QuoteTest003
| Day |
Datestamp |
Advances |
Scheduled payment |
Window |
Payment due |
Actual payments |
Generated payment |
Net effect |
Payment status |
Balance status |
New charges |
Charges portion |
Actuarial interest |
New interest |
Interest portion |
Principal portion |
Charges balance |
Interest balance |
Principal balance |
Settlement figure |
| 0 |
2024-09-28 |
1,200.00 |
n/a |
0 |
0.00 |
n/a |
n/a |
0.00 |
none scheduled |
open |
n/a |
0.00 |
0.0000 |
0.0000 |
0.00 |
0.00 |
0.00 |
0.0000 |
1,200.00 |
1,200.00 |
| ✓ 3 |
2024-10-01 |
n/a |
n/a |
0 |
0.00 |
n/a |
1,200.00 |
1,200.00 |
generated |
closed |
n/a |
0.00 |
0.0000 |
0.0000 |
0.00 |
1,200.00 |
0.00 |
0.0000 |
0.00 |
0.00 |
| 15 |
2024-10-13 |
n/a |
original 397.62 |
1 |
0.00 |
n/a |
n/a |
0.00 |
no longer required |
closed |
n/a |
0.00 |
0.0000 |
0.0000 |
0.00 |
0.00 |
0.00 |
0.0000 |
0.00 |
0.00 |
| 46 |
2024-11-13 |
n/a |
original 397.62 |
2 |
0.00 |
n/a |
n/a |
0.00 |
no longer required |
closed |
n/a |
0.00 |
0.0000 |
0.0000 |
0.00 |
0.00 |
0.00 |
0.0000 |
0.00 |
0.00 |
| 76 |
2024-12-13 |
n/a |
original 397.62 |
3 |
0.00 |
n/a |
n/a |
0.00 |
no longer required |
closed |
n/a |
0.00 |
0.0000 |
0.0000 |
0.00 |
0.00 |
0.00 |
0.0000 |
0.00 |
0.00 |
| 107 |
2025-01-13 |
n/a |
original 397.62 |
4 |
0.00 |
n/a |
n/a |
0.00 |
no longer required |
closed |
n/a |
0.00 |
0.0000 |
0.0000 |
0.00 |
0.00 |
0.00 |
0.0000 |
0.00 |
0.00 |
| 138 |
2025-02-13 |
n/a |
original 397.56 |
5 |
0.00 |
n/a |
n/a |
0.00 |
no longer required |
closed |
n/a |
0.00 |
0.0000 |
0.0000 |
0.00 |
0.00 |
0.00 |
0.0000 |
0.00 |
0.00 |
Key: ★ = evaluation day; ✓ = settlement day
Final Stats
| Generated settlement: 1,200.00 on day 3 |
Final balance status: closed |
| Effective interest rate: 0.0000000000 % per day |
Final cost-to-borrowing ratio: 0.0000000000 % |
| Required scheduled payment count: 0 |
Last required scheduled payment day: n/a |
| Final actual payment count: 0 |
Last actual payment day: n/a |
Description
Settlement within interest grace period should not accrue interest
Generated: see details
Basic Parameters
| Evaluation Date |
2024-10-01 |
| Start Date |
2024-09-28 |
| Principal |
1,200.00 |
| Schedule options |
| config: auto-generate schedule |
schedule length: payment count 5 |
| unit-period config: monthly from 2024-10 on 13 |
|
| Payment options |
| rounding: rounded up |
| level-payment option: lower final payment |
|
| Fee options |
no fee
|
| Interest options |
| standard rate: 0.8 % per day |
method: actuarial |
| rounding: rounded down |
APR method: UK FCA to 1 d.p. |
| cap: total 100 %; daily n/a |
|
Advanced Parameters
| Payment options |
| scheduling: as scheduled |
timeout: 3 days |
| minimum: defer or write off up to 0.50 |
|
| Interest options |
| initial grace period: 3 day(s) |
rate on negative balance: zero |
| promotional rates: n/a |
|
| Fee options |
no fee
|
| Charge options |
| Type |
Charge |
Grouping |
Holidays |
| late payment |
10.00 | one charge per day | n/a |
| insufficient funds |
7.50 | one charge per day | n/a |
|
| Settlement day | on evaluation day |
| Trim unrequired payments | true |
Initial Schedule
| Day |
Scheduled payment |
Actuarial interest |
Interest portion |
Principal portion |
Interest balance |
Principal balance |
Total actuarial interest |
Total interest |
Total principal |
| 0 |
0.00 |
0.0000 |
0.00 |
0.00 |
0.00 |
1,200.00 |
0.0000 |
0.00 |
0.00 |
| 15 |
397.62 |
144.0000 |
144.00 |
253.62 |
0.00 |
946.38 |
144.0000 |
144.00 |
253.62 |
| 46 |
397.62 |
234.7022 |
234.70 |
162.92 |
0.00 |
783.46 |
378.7022 |
378.70 |
416.54 |
| 76 |
397.62 |
188.0304 |
188.03 |
209.59 |
0.00 |
573.87 |
566.7326 |
566.73 |
626.13 |
| 107 |
397.62 |
142.3198 |
142.31 |
255.31 |
0.00 |
318.56 |
709.0524 |
709.04 |
881.44 |
| 138 |
397.56 |
79.0029 |
79.00 |
318.56 |
0.00 |
0.00 |
788.0553 |
788.04 |
1,200.00 |
Initial Stats
| Initial interest balance: 0.00 |
Initial cost-to-borrowing ratio: 65.67 % |
Initial APR: 1309.5 % |
| Level payment: 397.62 |
Final payment: 397.56 |
Last scheduled payment day: 138 |
| Total scheduled payments: 1,988.04 |
Total principal: 1,200.00 |
Total interest: 788.04 |
FSharp.Finance.Personal