[jira] [Updated] (FINERACT-1801) Configuration for Arrears and Delinquency

["Mihaly Dallos (Jira)" <ji...@apache.org>]

     [ https://issues.apache.org/jira/browse/FINERACT-1801?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]

Mihaly Dallos updated FINERACT-1801:
------------------------------------
    Description: 
{panel}
As a user
I should be able to configure the display of overdue calculation based on the old logic and new logic
in order to have an accurate overdue display and calculation for the organization as per their business needs
{panel}

*Background and details:*
By default Fineract has Arrears calculation that calculates the overdue amount and date based on the old logic(i.e by not considering the chargeback transaction) 
New Delinquency calculation  that calculates the ‘overdue amount’ and ‘overdue since date’ with new logic (i.e by considering the chargeback transaction)
Any organization would follow either the new logic or Old logic( arrears or Delinquency) and hence need an option to configure one of the calculations to be defaulted to be displayed

{panel:title=Out of scope}
* Penalty calculation 
Since penalty calculation happens on the installment date, it is good to not to calculate penalties charges as per the new logic( that is considering chargeback date to be considered for penalty) 
* Interest recalculation  and compoudning
Since Interest recalclcation and compounding depends on installment date, it is not required to include chargeback transction for this.
{panel}

{panel:title=Acceptance criteria}
# User should have a configuration to select delinquency calculation or Arrears calculation as per their needs
# Based on the selection, system should return the loan status color (overdue or not)
# {panel}

  was:
{panel}
As a user
I should be able to configure the display of overdue calculation based on the old logic and new logic
in order to have an accurate overdue display and calculation for the organization as per their business needs
{panel}

*Background and details:*
By default Fineract has Arrears calculation that calculates the overdue amount and date based on the old logic(i.e by not considering the chargeback transaction) 
New Delinquency calculation  that calculates the ‘overdue amount’ and ‘overdue since date’ with new logic (i.e by considering the chargeback transaction)
Any organization would follow either the new logic or Old logic( arrears or Delinquency) and hence need an option to configure one of the calculations to be defaulted to be displayed

{panel:title=Out of scope}
* Penalty calculation 
Since penalty calculation happens on the installment date, it is good to not to calculate penalties charges as per the new logic( that is considering chargeback date to be considered for penalty) 
* Interest recalculation  and compoudning
Since Interest recalclcation and compounding depends on installment date, it is not required to include chargeback transction for this.
{panel}

{panel:title=Acceptance criteria}
# User should have a configuration to select delinquency calculation or Arrears calculation as per their needs
# Based on the selection, system should return the loan status color (overdue or not)


> Configuration for Arrears and Delinquency
> -----------------------------------------
>
>                 Key: FINERACT-1801
>                 URL: https://issues.apache.org/jira/browse/FINERACT-1801
>             Project: Apache Fineract
>          Issue Type: New Feature
>            Reporter: Mihaly Dallos
>            Priority: Major
>
> {panel}
> As a user
> I should be able to configure the display of overdue calculation based on the old logic and new logic
> in order to have an accurate overdue display and calculation for the organization as per their business needs
> {panel}
> *Background and details:*
> By default Fineract has Arrears calculation that calculates the overdue amount and date based on the old logic(i.e by not considering the chargeback transaction) 
> New Delinquency calculation  that calculates the ‘overdue amount’ and ‘overdue since date’ with new logic (i.e by considering the chargeback transaction)
> Any organization would follow either the new logic or Old logic( arrears or Delinquency) and hence need an option to configure one of the calculations to be defaulted to be displayed
> {panel:title=Out of scope}
> * Penalty calculation 
> Since penalty calculation happens on the installment date, it is good to not to calculate penalties charges as per the new logic( that is considering chargeback date to be considered for penalty) 
> * Interest recalculation  and compoudning
> Since Interest recalclcation and compounding depends on installment date, it is not required to include chargeback transction for this.
> {panel}
> {panel:title=Acceptance criteria}
> # User should have a configuration to select delinquency calculation or Arrears calculation as per their needs
> # Based on the selection, system should return the loan status color (overdue or not)
> # {panel}



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