What is penalty calculation in SAP FS-FBS-CML-BZL - SAP Loans Management Extension for Brazil?

SAP Term: penalty calculation

• Component: FS-FBS-CML-BZL

• Component Name: SAP Loans Management Extension for Brazil

• Description: A method that determines the penalty that the customer must pay for overdue installements and for the cancelation of a loan contract.

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• Key Concepts: 
  Penalty calculation is a feature of the FS-FBS-CML-BZL SAP Loans Management Extension for Brazil. It allows users to calculate the amount of penalty that should be applied to a loan in the event of a late payment or default. The penalty calculation is based on the Brazilian Civil Code and takes into account the amount of the loan, the interest rate, and the number of days that have passed since the due date.
  
  How to use it: 
  To use penalty calculation, users must first enter the loan details into the system. This includes the amount of the loan, the interest rate, and the due date. Once this information is entered, users can then select the “Penalty Calculation” option from the menu. The system will then calculate the amount of penalty that should be applied to the loan based on the Brazilian Civil Code.
  
  Tips & Tricks: 
  It is important to note that penalty calculation is only applicable to loans in Brazil. Additionally, users should always double-check their calculations to ensure accuracy.
  
  Related Information: 
  For more information about penalty calculation in Brazil, please refer to article 535 of the Brazilian Civil Code. Additionally, users can find more information about SAP Loans Management Extension for Brazil on SAP’s website.