To set up the fine parameters for a particular loan policy:

1. From the Module Menu select Maintenance, Circulation, Policies and then Loan Policies.
2. Select the policy you want from the list.
3. Click the Fine Parameters tab.
4. If you click Use default values then the fine parameters are inherited from the default policy and cannot be changed. To add, edit or delete the parameters for the selected policy you must first clear Use default values.
5. If there are records linked to the policy then you'll be prompted whether you want to update the existing policy or create a new one and deactivate the existing one.        
   • Click Update if you want to update the existing policy. The records linked to the policy will be updated.
   • Click Create New if you want to create a new policy. The records linked to the existing (deactivated) policy will not be updated.
6. Click Save or Save & Close.

Example 1: Day loan with one initial period

Here are the fine parameters. We’re using amounts rather than points

Initial period: 1
Initial amount: 0.20
Initial points: 0
Additional period: 1
Additional amount: 0.10
Additional points: 0

Let’s say the item was:

Issued: 13 Mar 16
Due: 4 Apr 16
Returned: 10 Apr 16

Here’s how the overdue fine is calculated:

Date	Fine	Total
5 April	0.20	0.20
6 April	0.10	0.30
7 April	0.10	0.40
8 April	0.10	0.50
9 April	0.10	0.60
10 April	0.10	0.70

So the overdue fine in this example is $0.70.

Example 2: Another day loan with one initial period

Here are the fine parameters. We’re using amounts rather than points. In this example the additional period is 2 — i.e. we apply an additional fine for every SECOND day that the item is overdue.

Initial period: 1
Initial amount: 0.20
Initial points: 0
Additional period: 2
Additional amount: 0.10
Additional points: 0

Let’s say the item was:

Issued: 13 Mar 16
Due: 4 Apr 16
Returned: 10 Apr 16

Here’s how the overdue fine is calculated:

Date	Fine	Total
5 April	0.20	0.20
6 April	----	0.20
7 April	0.10	0.30
8 April	----	0.30
9 April	0.10	0.40
10 April	----	0.40

So the overdue fine in this example is $0.40.

Example 3: Day loan with two initial periods

Here are the fine parameters. We’re using amounts rather than points. In this example we’re applying a new initial fine and additional amount when the item is four days overdue.

Initial period: 1
Initial amount: 0.20
Initial points: 0
Additional period: 1
Additional amount: 0.10
Additional points: 0

Initial period: 4
Initial amount: 1.00
Initial points: 0
Additional period: 1
Additional amount: 0.50
Additional points: 0

 Let’s say the item was:

Issued: 13 Mar 16
Due: 4 Apr 16
Returned: 10 Apr 16

Here’s how the overdue fine is calculated:

Date	Fine	Total
5 April	0.20	0.20
6 April	0.10	0.30
7 April	0.10	0.40
8 April	1.00	1.40
9 April	0.50	1.90
10 April	0.50	2.40

So the overdue fine in this example is $2.40.

Example 4: Minute loan

This next example is for a minute loan. Here, an initial fine of $0.20 is applied when the item is 10 minutes overdue, and an additional fine of $0.10 is added for each additional 15 minutes. An additional fine of $5.00 is applied for each day the item is overdue.

Daily minute loan fine: 5.00
Daily minute loan points: 0

Initial period: 10
Initial amount: 0.20
Initial points: 0
Additional period: 15
Additional amount: 0.10
Additional points: 0