Select the Account to refinance

Account

The Account being Refinanced will be displayed here by default.

Enter the date to close the Account. This can be a future or past date.

If refinancing an Account using a future date (perhaps you are doing this to obtain a future closing balance for a settlement quote), finPOWER Connect assumes that no more payments will be made.
If you are back-dating the Account Refinance, Accrued Interest and Fees will be recalculated and any transactions already posted will also be taken into account.

Select Notes from the dropdown list or enter closure notes if the Information List permits this.

This list is defined by the AccountCloseNoteRefinanc Information List.

Notes information list can now be overridden on the Product Type, for example, to have different lists.

The Account Summary displays the current net balance including accrued interest and fees up to the date selected for closure.

Icon	Description
	Click the Log button to add an Account Log with details of the Refinance.
	Click the Summary button to print the Account Settlement Summary document as defined in the Account Type, Documents page.
	Click the Cancel button to stop the Refinance process; no transactions will be created and the Account will retain its existing values.
	Click the Next button to move to the next page of the Refinance wizard.