New Adjustable Type “Interest Rate Schedule”
New Adjustable Type called “Interest Rate Schedule” has been added to Cash Flow Engine.
There were five Adjustable Types supported by CFE - Fixed rate, Floating rate, Reprice Pattern, Tiered Rate and Other Adjustable. A new type ‘Interest Rate Schedule’ has been introduced where a schedule of net and gross rates can be supplied and CFE will use it to derive interest cash flow and related measures. A new stage table and data loader mapping has also been introduced to support this functionality.
Business Benefit:
- New functional feature.
Steps to Enable and Configure
You don't need to do anything to enable this feature.