8.3.13 Validations for a Rollover/Reprice Instruction

The system performs the following validations when capturing a rollover/reprice instruction.

• The merge reprice is allowed only if the list of unfunded (along with the fronting option) investors is same across the contracts being merged and that of the parent contract.
• The Consol rollover is allowed only if the list of unfunded (along with the fronting option) investors is same across the contracts being consolidated.
• P+I rollover (Interest capitalization) is not allowed if any of the investors has pending funding in the last interest period.
• Incase of rollover or reprice with the increase in amount, VAMI considers the existing investor status (funded/unfunded along with fronting value) from the previous disbursement event.
• The funding/fronting parameters are defaulted from the previous disbursement event of the parent to the child contract.
• The funding activity is tracked at the child contract for the repriced/rolled over amount.
• The funding activity is tracked at the parent contract for the residual amount after reprice/rollover.