LOC to-be — Tiered FR / Embedded Funding · grounded in Jira (ORG-17977 &c.)
v4.8
TO-BE: Tiered FR / Embedded Funding. Same day-based matrix as the as-is (days down, day 1 = Mon → day 5 = Fri; Advance = the control column, Draws = derived; hover/click a chip; tap a Day or Outstanding cell for stats as of that day) — but the repayment model is different. What Embedded Funding changes vs the as-is:(1) Tiered factor rate — no single FR; draws repay on a fixed 4-tier weekly Original Schedule (calendar days 1–30 free, then FR 1.098 → 1.262 → 1.538 at calendar days 90/120/150; ROUNDUP), so the weekly amount steps up by tier. Each collection is charged per calendar day at its tier’s rate, so a collection whose week crosses a tier boundary is pro-rated — part one tier, part the next (B1). (2) Weekly-only collection. (3) Monthly Fee — % of a draw’s funded amount every 30 calendar days — constant for the draw’s life — and replaces the weekly fee. That basis is the owner’s rule of 2026-08-06 and is in no ticket and no code: ORG-17981 (QA) and LOC-core both use the draw’s outstanding funded, which is 60% cheaper over a full term, so the fee figures here are ahead of the spec — do not verify production with them. (4) Current Schedule — the panel below the ledger re-forecasts the remaining Account Paybacks from the tapped day. (5) Funded-side stats — paid-back-/outstanding-funded (principal) tracking. Distribution of regular / voluntary / payoff is unchanged from the as-is. Grounded in Jira: ORG-17977 / 17981 / 18004 / 18010 / 18013.
Add to advance
typeon drawamountday
Regular payback & voluntary apply to the whole advance; draw payoff settles one chosen draw at its Outstanding Payoff. Regular payback also runs automatically each collection day — add extra here, or delete any on the ledger (✕). ORG-18068: a voluntary payment can only be distributed to a draw still inside Tier 1 (Funded Days ≤ 20) — past that the draw is on its fixed weekly schedule. Selective Payback and Draw Refinance are not supported for Tiered FR; Draw Payoff is unchanged.
amountactivation dayest-fee %paybacks start
ORG-18078:Paybacks Start Date = Date Funded + 1 weekday + Payment delay, and every date lands on a weekday — funding on a Friday or over a weekend rolls forward, it never collects on a Saturday. The collection day index runs 1, 2, 3… in weekdays from that start date — that is production’s own payment index. ⚠ It is NOT the axis the tiers or the early-payoff terms use: those are counted in CALENDAR days from the same start date (moved 2026-08-06). So the discount periods coincide with the payment periods in either setting.
typeamountday
auto-payable / legal fees are covered first from any payment; an overpayment auto-covers unpaid fees. Charges show on the ledger (deletable ✕).