TP/ Add-On Effective Dates usage in Cash Flow TP Methods

For Cash Flow Based TP methods, if TP/Add-on effective date is populated, that will take precedence over any other date like origination or Last reprice date; for all kinds of rate lookups.

Business Benefit:

For committed instruments where a rate is committed much in advance before origination date of the loan account, bank can populate TP/Add-on effective date as advance date on which rate is committed. In this case, system will perform all rate look ups with reference to advance date on which rate is committed.

Steps to Enable

You don't need to do anything to enable this feature.