DMBM403050 - Interest: Interest on reallocations and repayments - by IT system: SAFE: Apply repayment interest credit to SAFE record

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Circumstances will arise where SAFE cannot automatically calculate a repayment interest (RPI) credit. There will also be occasions where an RPI Credit arises outside of SAFE that has to be posted to a SAFE customer record.

To post an RPI Credit on SAFE the Raise Charge function is used selecting RPI Credit as the charge type. The RPI Credit will initially be posted to the Unallocated Payments suspense account attached to the customer record. From there the Account Maintenance function is used to post the RPI Credit to the appropriate charge(s).

The RPI Credit posting will have an EDP of the date of input.