1.5.3 Interest Rate Rounding Components

Table 1-13 Interest Rate Rounding Components

Field	Description
Rate Rounding Rule	You can either select Down, Up, or Near By
Rate Rounding Unit	You can specify the rate rounding unit.
Rate Rounding Position	You can select the rate rounding position from the drop-down list. For example, if you select the Rate Rounding Rule as Down, Rate Rounding Unit as .01, and Rate Rounding Position as 1/100, then the following interest rate is applied to the contract. Interest Rate Rounding Rule - Down with unit as .01 Interest Rate - 2.521 Rate after applying Rule - 2.52
Alternative Risk-Free Rates Preferences	For OL module, the contract defaults RFR parameters like Lockout Days, Payment Delay Days, Lookback days, Index Value and RFR Rounding Unit from Interest Limit screen. For LB module, RFR parameters like Lockout Days, Payment Delay Days and Lookback days are defaulted from Interest Limit screen to DD Product sub-system in Tranche screen. Then while booking DD Contract, the system defaults these parameters from Tranche to Drawdown screen.