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Receivables - EBS (MOSC)

Loan Class functionality with suitable business examples

Apr 16, 2012 7:21PM in Receivables - EBS (MOSC) Question

Hi Folks,

Could some one explain me the functionality following loan classes.

Direct Loan is a disbursement of funds under a contract that requires repayment of

such funds with or without interest.

Extended Repayment Schedule or ERS Loan is a loan converted from one or more

receivables and assigned terms and conditions for repayment

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