IBS Finance Product Site - Loan Mangement
The latest version of IBS is version 6.22F. Download. History of Changes
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| | IBS News: News | | |  | Version 6.22F released
Body:
This version fixes a problem with variable rate loans where the interest rate changes mid-month.
The bug was that during the end of month interest run for a month where you had already done a mid-month interest run to allow for the interest rate rise, the system would mistakenly count te mid-month interest twice.
This problem is now fixed.
Category: General
Published: 8/29/2008 11:00 AM
| | | | Version 6.22E released
Body:
Version 6.22E fixed the problem with calculating new repayment amounts on variable rate loans where the interest rate was varied.
Previously the calculation worked out a repayment that assumed one month less than it should have in the remaining number of months.
Category: General
Published: 8/29/2008 10:00 AM
| | | | Version 6.22D released
Body:
- Monthly interest run Fix inaccuracy when doing a mid-month interest run after a rate change followed by an end of month interest run at the new rate.
Category: General
Published: 8/29/2008 9:00 AM
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