Minimum amount due calculation

Currently, in the cycle closing process, there are three strategies for calculating the minimum amount due (MAD). Select a strategy by using the Pismo Console to set the value of Minimum payment calculation method to 0, 1, or 2:

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Delinquency buckets
When a statement's minimum amount due is not paid, it can result in something called a delinquency bucket. For more information, see Delinquency buckets.

Min payment calculation method	Description
0	100% outstanding balance of previous statements + configured percentage x balance of debits transactions from closing cycle
1	Configured percentage x balance of every debits transactions
2	Includes the difference between the latest minimum amount due and the total paid as 100% for the closing cycle (overdue amount). Also, includes the overlimit amount as 100% for the closing cycle ('Indian model' / MAD).

Configuring MAD

You can set the minimum value percentage using transaction categories. One category can apply to any number of transaction types.

Example transaction categories

Category ID	Description	MAD percentage
1	Internal	5%
2	Financial	5%
3	Non-financial	5%
4	Withdrawal	5%
5	Installment purchase	100%

Example transaction types

Transaction type ID	Description	Transaction category
101	Purchase	2
102	International purchase	2
123	Withdrawal	4
405	Revolving interest	3
407	Withdrawal fee	3
112	Installment purchase	5

Strategy 0 examples

Statement 1

Transaction ID	Transaction type	Transaction balance	Min per transaction
1	101	$200	$10
2	123	$100	$5
3	407	$2	$0.10
Total		$302.00	$15.10

Current balance: $302.00
Previous Balance: $0.00
Total Minimum Per Transaction: $15.10
Minimum Payment: $15.10

Statement 2

Transaction ID	Transaction type	Transaction balance	Min per transaction
4	101	$100	$5
5	123	$100	$5
6	102	$100	$5
7	101	$0	$0
8	407	$2	$0.10
9	404	$2	$0.10
Total		$304	$15.20

Current Balance: $304.00
Previous Balance: $302.00
Total Minimum Per Transaction: $15.20
Minimum Payment: $317.20

Strategy 1 examples

This strategy uses the configured percentages for every due transaction. Calculates the minimum the balance of every due transaction x parametrized value

Minimum payment = SUM(Min per Transaction)

Cycle 1 statement

Transaction ID	Transaction type	Transaction balance	Min. per transaction
1	101	$200	$10
2	123	$100	$5
3	407	$2	$0.10
Total		$302	$15.10

Current Balance: $302.00
Previous Balance: $0.00
Total Minimum Per Transaction: $15.10
Minimum Payment: $15.10

Cycle 2 statement

Transaction ID	Transaction type	Transaction balance	Min. per transaction
4	101	$100	$5
5	123	$100	$5
6	102	$100	$5
7	101	$0	$0
8	407	$2	$0.10
9	404	$2	$0.10
Total		$304	$15.20

Current Balance: $304.00
Previous Balance: $302.00
Total Minimum Per Transaction: $15.20
Minimum Payment: $30.30

Strategy 2 examples

Coming soon.