8.3.12 Capturing Rollover and Re-Price Instructions for Future Dated Payments

You can capture partial/full principal Renewal/Re-price instructions even if there are pending forward payments due for liquidation. The Principal amount considered for renewal, in this case, will be the effective outstanding principal amount, considering the impact of the forward dated payment processing.

Note:

• Rollover with Interest capitalization (P+I rollover) is not allowed if there are any future dated payments due for liquidation.
• You can not capture the forward dated payment instructions for contracts for which Rollover/Renewal instructions are already captured. In such cases, you need to reverse/remove the Rollover/Re-price instruction and then capture the forward dated payment instructions.
• If you reverse a future dated payment, after capturing the Rollover/Re-price instruction the Rollover/Re-price amount does not change. On the value date of the Rollover/Reprice, the System rolls over/re-prices the captured rollover/re-price amount. The remaining future dated payment reversal amount will be liquidated based on the Liqd Int or Liqd Principal options defined as part of Rollover/Re-price instruction capturing.
• System allows only one active future dated payment at any point of time.