2.5.10
Annexure C
p. 58
The debt restructuring software
The debt restructuring software must include sufficient internal controls to make sure that:
a) Different users of the system are not able to change or manipulate the system rules in any way;
b) The software will produce consistent results from case to case in terms of the financial calculations; and
c) To the extent that the debt counselor may have the ability to change any variable while performing the debt restructuring, the debt restructuring proposal which the system produces must highlight any such changes.
Cite this clause
National Credit Regulator. (2015). Annexure C — Minimum Debt Counselling System Requirements, clause 2.5.10: The debt restructuring software. Guideline 001/2015 (Debt Review Task Team Agreements 2010), p. 58.Related clauses
Based on NCR Guideline 001/2015, p. 58. For NDRC's interpretation and application, see our debt counselling overview. Download original PDF.