General:
1. Day Count Method
Determines the number of days in a period when calculating interest. Select the Day Count method appropriate for your organization. The Actual/Actual and 30/360 day count methods have been verified using industry standard tools.

2. Batch Source
Select Loans. You identify Loans bills in Oracle Receivables by this batch source.
Note: In Oracle General Ledger, the batch source for journal entries that are created for loans transactions is Oracle Loans.

Billing
1. Default Transaction Type
Select the Receivables transaction type for use when billing loan principal amounts.

2. Default Interest Transaction Type
Select the Receivables transaction type for use when billing loan interest amounts.

3. Default Fee Transaction Type
Select the Receivables transaction type for use when billing loan fee amounts.

4. Invoice Generation Timing
To indicate when you want Loans to generate bills for all active loans, enter the number of days before the installment due date.
Note: When submitting the LNS: Billing program, this system option populates the To Number of Days to Due Date parameter of the billing program.

5. GL Due Date
Enter the number of days after the payment due date to indicate the GL date for Loans transactions.
The GL date is the payment due date plus this number of days.

Original Receivable Adjustment:
1. Activity Name
Select the Receivables activity name for the automatic receivable adjustment created when an existing receivable is converted to a loan. This system option is required
only if your organization creates loans from receivables (loan class is ERS).
The activity name must have the following parameters:
• Activity Type: Adjustment
• GL accounts set up
• Status: Active
Loans recommends that you use the seeded activity name, Loan Conversion, for audit tracking purposes.

Fee Accounting:
1. Enter the default debit accounting flexfield for Fee Receivable. You can enter only one account. All fees automatically generated by Loans use this debit account.

Note: You must clear the cache and bounce the middle tier server whenever you change profile option settings at any level other than User level, or add or change values that appear in Loans pages.