Repayment Rounding Configuration

Different financial institutions use different repayment calculation practices.

To support this, our system now allows repayment totals to be calculated in two ways:

• Sum then Round (default): All repayment amounts are added first, and the total is rounded once.

• Round then Sum (new option): Each repayment amount is rounded individually, and then all rounded values are added together.

Example

Repayment amounts:

• Sum then Round: Total = 600.38

• Round then Sum: Total = 600.39