5.2.3.13 Specify the Rollover Method

When you select the rollover mechanism for contracts by marking the product as the New Contract in the Rollover Mechanism field (like with borrower drawdown products), this field allows you to indicate if a single new contract should be created for the amount being rolled over.

or

You must select whether to split the original contract into multiple contracts or consolidate it with other contracts into a single new contract during rollover. Select either Split or Consolidated, as appropriate.

• If you select Split, you can set preferences for the split while specifying the borrower drawdown contract with the product.
• If you select Consolidated, you can specify the other drawdown contracts to be consolidated into a single contract while specifying the borrower drawdown using the product.

Note:

• When the Rollover Mechanism is New Version, select the Rollover Method as Normal.
• When the Rollover Mechanism is Spawn Contract, select the Rollover Methods is Split or Consolidated.