5.2.3.10 Specifying Rollover Details

The rollover applicability is explained below:

• Rollover (Yes/No)

  While setting up the drawdown product, if you specified that drawdowns involving the product should be automatically rolled-over, then all drawdowns involving the product is rolled-over on their respective maturity dates. This feature is called auto rollover. If rollover is specified for the product, the same is applicable for the drawdowns.

  If you do not want to rollover the drawdown, you can select the No option. However, if rollover is not allowed for the product, you cannot opt for rollover at the drawdown level.

  Note:

  This option is set to No and is disabled if the option Partial Prepayment Allowed has been selected.
• Count

  If rollover is applicable for the drawdown, the system displays the rollover count in this field. For a drawdown that has been rolled-over, this count indicates the number of times it has been rolled-over.