/*Description: Loan Repayment formula for UAE legislation*/
/*XXETS_SALARY_ADVANCE*/
Inputs are Loan_Type (text)
,SALARY_ADVANCE_AMOUNT ,Monthly_Repayment
,Number_of_Installments
,Approved_On (Date)
,Repayment_Start_Date (Date)
,Hold_Amortization (text)
DEFAULT FOR Hold_Amortization IS 'N'
DEFAULT FOR Monthly_Repayment IS 0
DEFAULT FOR Number_of_Installments IS 0
Default for PAY_PROC_PERIOD_END_DATE_DP is '4712/12/31 00:00:00' (DATE)
Default for AE_PERSON_START_DATE is '0001/01/01 00:00:00' (DATE)
Default for Approved_On is '0001/01/01 00:00:00' (DATE)
Loan_Amount =SALARY_ADVANCE_AMOUNT
l_outstanding_loan = Loan_Amount- SALARY_ADVANCE_REPAID_ASG_ITD
l_outstanding_installments=Number_of_Installments- SALARY_ADVANCE_INSTALLMENTS_PAID_ASG_ITD
If PAY_PROC_PERIOD_END_DATE_DP >= Repayment_Start_Date THEN
(
IF l_outstanding_loan=0 THEN
(
message1 = AE_GET_MESSAGE('PER','HR_377419_AE_LOAN_CLOSED')
return Message1
)
ELSE
(
IF Hold_Amortization ='N' THEN
(
IF Monthly_Repayment=0 THEN
(
IF Number_of_Installments=0 THEN
(
message2=AE_GET_MESSAGE('PER', 'HR_377420_AE_LOAN_DET_NOT_SET')
return Message2
)
ELSE
(
If l_outstanding_installments <= 0 THEN
(message2 = AE_GET_MESSAGE('PER','HR_377421_AE_LOAN_INCORRECT')
RETURN message2)
Monthly_Repayment=l_outstanding_loan/ABS(NUMBER_OF_INSTALLMENTS- SALARY_ADVANCE_INSTALLMENTS_PAID_ASG_ITD))
)
ELSE
(NUMBER_OF_INSTALLMENTS = ROUND_UP(l_outstanding_loan/ Monthly_Repayment) + SALARY_ADVANCE_INSTALLMENTS_PAID_ASG_ITD)
IF Monthly_Repayment > (l_outstanding_loan) THEN
l_payment = l_outstanding_loan
ELSE
l_payment = Monthly_Repayment
IF NET_ASG_RUN < l_payment THEN
l_payment = NET_ASG_RUN
IF NET_ASG_RUN >= l_payment THEN
(
l_outstanding_loan = l_outstanding_loan - l_payment
l_processed_flag = 1
l_loan_type = Loan_Type
IF l_outstanding_loan > 0 THEN
(return l_loan_type,
l_payment,
Monthly_Repayment,
Number_of_Installments,
l_processed_flag,
l_outstanding_loan)
ELSE
(message1 = AE_GET_MESSAGE('PER','HR_377419_AE_LOAN_CLOSED')
STOP_FLAG='Y'
return message1,
l_loan_type,
l_payment,
Monthly_Repayment,
Number_of_Installments,
l_processed_flag,
l_outstanding_loan,
STOP_FLAG)
)
ELSE
(l_loan_type = Loan_Type
message1 = AE_GET_MESSAGE('PER','HR_377422_AE_LOAN_INSUFFICIENT')
return message1,
l_loan_type,
l_outstanding_loan
)
)
ELSE
(l_loan_type = Loan_Type
message1 = AE_GET_MESSAGE('PER','HR_377423_AE_LOAN_HOLD')
return message1,
l_loan_type,
l_outstanding_loan)
)
)
/*======================== End Program =======================*/