The ability to retrieve different historic arrears balances, with respect to the arrears tolerance amount (or floor):
Number of days in arrears
Arrears tolerance amount (based on the then outstanding principal balance or floor)
Total due (arrears position)
This is required for dynamic and revolving credit loans.
This information must be readily available in order to comply with EBA regulations.
Although it is theoretically possible to arrive at the necessary figures by using transaction and account information, it would only be possible to do this accurately by also reconstructing the schedule for the point in time, which is a very complex task. This feature would greatly simplify the process.