Changes to calculations for Captial

Now that Capital Finance are under Westpac the way that their applications calculations are performed have changed to be the same as the Westpac Group. This article shows how to update the calculation methods.

1. In TFS Administration select Entity \ Financiers.
2. Click on Capital Finance and select Edit.
3. Change the ITC Level to 100%.
4. Change the Arrears/Residual value to Residual is final payment.
5. Right click on the required finance method.
6. Change the ITC Level to 100%.
7. Change the Terms Charges to Total Net Payments + Residual - Amt Finances Exc Bkg.
8. Set Arrears/Residual value to Residual is final Payment.
9. Click on Ok
10. Repeat for the required Finance Methods.