Refill of revolving account.

[Former Member]

Hello all,

i'm trying to create a revolving account where a customer has, for example, 30000€. He can spend all his money, and when the account go to 0€, automatically it has to be refilled with 30000€.

Is there any standard program or transaction that can do that kind of refill ?

Thanks.

Andrea Montabone

[Former Member]

Hi Andrea,

When you setup a product type as a "Revolving Loan", the system allows the disbursement obligation to increase for every repayment made on the loan. You would have to disburse the funds in the standard way (FNVD or APIs acording to your scenario).

In your example, if the loan amount disbursed is 30,000 and lets say the customer pays 200 towards repayment every month. Then the disbursement obligation increases from 0 to 200 on the payment date of the first repayment. This means, it is now possible to disburse the 200 by creating a new disbursement.

I hope that answers.

Regards

Jayasri

[Former Member]

Thank you for the answer. So do you mean there is only a manually way to refill it, and not any batch, or something else, standard program ?

Thanks, Andrea

[former_member357303 · Accepted solution]

Hi,

there is not standard report for refill.

You need a revolving repayment or a capital increase condition to get a disbursement obligation.

If the remaining capital is 0 at the end of fixed period you could also do a rollover with a capital increase.

Or you add a capital increase condition with EDT (transaction KCLJ) or with some own report.

Kind regards,

Michael