{"id":4612,"date":"2016-10-27T12:00:30","date_gmt":"2016-10-27T15:20:37","guid":{"rendered":"http:\/\/margill.com\/en\/?p=4612"},"modified":"2025-10-10T11:28:18","modified_gmt":"2025-10-10T15:28:18","slug":"collection-market","status":"publish","type":"post","link":"https:\/\/margill.com\/en\/collection-market\/","title":{"rendered":"Collection"},"content":{"rendered":"<p>&nbsp;<\/p>\n<h3 style=\"text-align: center;\">The choice of thousands<\/h3>\n<ul>\n<li>Collection agencies<\/li>\n<li>Law offices<\/li>\n<li>Accountants<\/li>\n<li>Lenders (corporate, personal, mortgage)<\/li>\n<li>Government agencies<\/li>\n<li>SMEs and large corporations<\/li>\n<li>Insurance companies<\/li>\n<li>See also <a href=\"\/en\/finance\/\">Finance<\/a>, <a href=\"\/en\/accounting\/\">Accounting<\/a><\/li>\n<\/ul>\n<h2><b class=\"texteOrange\"><span style=\"font-size: small;\">Common collection-related calculations<\/span><\/b><\/h2>\n<ul>\n<li>Late \/ unpaid accounts receivable (interest between 2 dates)<\/li>\n<li>Late \/ unpaid accounts receivable with regular or irregular payments made by the debtor<\/li>\n<li>Payment schedules whether regular or irregular at fixed or variable rates<\/li>\n<li>Late \/ unpaid judgments and court awards<\/li>\n<li>Fully compatible with Late Payment Legislations (UK, EUROPE, USA&#8230;)<\/li>\n<li>Personal and corporate loans<\/li>\n<\/ul>\n<h2 class=\"texteOrange\"><span style=\"font-size: small;\"><b>Standards-based<\/b><\/span><\/h2>\n<ul>\n<li><b>International standards and recognized principles<\/b> for the calculation of interest (Americas, Europe, Asia, Australia, Africa)<\/li>\n<li><b>United States banking rules <\/b>(Regulation Z, Truth in Lending Act)<\/li>\n<li><b>European Community rules <\/b>(Directive 98\/7\/CE)<\/li>\n<li><b>Canadian rules<\/b><\/li>\n<li><b>Day count <\/b>conventions : Actual\/actual (also known as Actual\/365), 30\/360, Actual\/360, Actual\/365(Fixed)<\/li>\n<li>Actuarial rule (Normal amortization), Fixed capital and Interest only<\/li>\n<\/ul>\n<ul>\n<li><b>Simple<\/b> and <b>Compound<\/b> interest<\/li>\n<li><b>Unique<\/b> (fixed) or <b>variable<\/b> interest rates<\/li>\n<li>4-decimal-point accuracy<\/li>\n<li>Multi-currency<\/li>\n<li>Printed reports that include quarterly and \/or annual and choice of the financial year-end<\/li>\n<li>Export of the data to Excel,Word, XML, RTF<\/li>\n<\/ul>\n<p align=\"center\"><a href=\"\/en\/specialized-features\/\"><b>Highly specialized features<\/b><\/a><br \/>\n(for total accuracy in Amortization)<\/p>\n<h2><b class=\"texteOrange\"><span style=\"font-size: small;\">Real-life examples of various calculations<\/span><\/b><\/h2>\n<p>Click to see Margill examples:<\/p>\n<ul>\n<li><a href=\"\/en\/collection\/#1\">Late \/ unpaid accounts receivable (interest between 2 dates)<\/a><\/li>\n<li><a href=\"\/en\/collection\/#2\">Late \/ unpaid accounts receivable with regular or irregular payments made by the debtor<\/a><\/li>\n<li><a href=\"\/en\/judgments\/#5\">Collection of judgments and court awards<\/a><\/li>\n<li><a href=\"\/en\/loans\/#3\">Loan with regular payments<\/a><\/li>\n<li><a href=\"\/en\/loans\/#4\">Irregular loan &#8211; <span class=\"texteRouge\">let&#8217;s make this fun!<\/span> refund interest only, then of a fixed principal amount and a regular refund. Let&#8217;s include missed and late payments and even an NSF check!<\/a><\/li>\n<li><a href=\"\/en\/loans\/#4-1\">Loan that includes unknown future interest rates with payments adjusted as these rates become known<\/a><\/li>\n<\/ul>\n<table class=\"texteRouge\" border=\"1\" width=\"80%\" cellspacing=\"0\" cellpadding=\"15\" align=\"center\" bgcolor=\"#FFCC99\">\n<tbody>\n<tr align=\"center\">\n<td height=\"96\">\n<h3><b><span style=\"font-size: small;\">Fully exploit the power of Margill!<\/span><\/b><\/h3>\n<p align=\"left\">Once the amortization schedule is calculated, use the<b> <a href=\"\/en\/market-collection\/\">right mouse click<\/a> <\/b>to create totally custom payment schedules: interest only, fixed principal, irregular payment amounts and dates, lump sum, missed and extra payments, variable interest rates, new principal, etc.<\/p>\n<h3><b><span style=\"font-size: small;\">TOTAL flexibility available ONLY in Margill<\/span><\/b><\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><b class=\"texteOrange\"><span style=\"font-size: small;\">Multiple variable interest rate tables and indexation tables included &#8211; OR create your own<\/span><\/b><\/h2>\n<ul>\n<li>All variable interest rates can be incremented (or reduced) by x% as of any date<br \/>\nFor example, prime + 2,5% starting November 15, 2004<\/li>\n<\/ul>\n<h3><\/h3>\n<h3><span class=\"texteNoir\"><b>Central Bank interest tables<\/b><\/span><\/h3>\n<ul>\n<li>United-States &#8211; Discount rate (Federal reserve)<\/li>\n<li>Great-Britain &#8211; Repo rate<\/li>\n<li>Canada &#8211; Target rate (preferential)<\/li>\n<li>Australia &#8211; Cash rate<\/li>\n<li>Hong Kong &#8211; Base rate<\/li>\n<li>Europe &#8211; Key rates &#8211; Deposit facility &#8211; European Central Bank<\/li>\n<li>South Africa &#8211; Prime rate<\/li>\n<\/ul>\n<h3><b class=\"texteNoir\">Late tax rates<\/b><\/h3>\n<ul>\n<li>US Internal Revenue Service (IRS) underpayments<\/li>\n<li>Canada Revenue Agency (CRA) underpayments<\/li>\n<\/ul>\n<h3><b class=\"texteNoir\">Legal interest rates<\/b><\/h3>\n<p>USA (federal post-judgement interest rates), Canada (Ontario, British Columbia, Quebec), Great-Britain, Australia, France, Belgium, Luxembourg<\/p>\n<h3><b class=\"texteNoir\">Indexation tables:<\/b><\/h3>\n<ul>\n<li>Inflation rates for various countries: USA, Canada, Great Britain, Australia, France, Switzerland, Belgium, Luxembourg,<\/li>\n<li>Historical performance of Stock market indices (annual % change)\n<ul>\n<li>Dow Jones Industrial Index, S&amp;P 500, NASDAQ, FTSE (London), Toronto Stock Exchange, Hong Kong Hang Seng, Bourse de Paris<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The choice of thousands Collection agencies Law offices Accountants Lenders (corporate, personal, mortgage) Government agencies SMEs and large corporations Insurance companies See also Finance, Accounting Common collection-related calculations Late \/ unpaid accounts receivable (interest between 2 dates) Late \/ unpaid accounts receivable with regular or irregular payments made by the debtor Payment schedules whether [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","footnotes":""},"categories":[193,408,404],"tags":[],"class_list":["post-4612","post","type-post","status-publish","format-standard","hentry","category-knowledge-base","category-margill-law-and-standard","category-margill-loan-manager"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Margill | How software and the collection market<\/title>\r\n<meta name=\"description\" content=\"Get to know how our software can be a very good tool with collection market caculations.\" \/>\r\n<meta 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