4.35.5 All-In Rate/Base Rate Batch Propagation

Floor/Ceiling validation and propagation for loan contracts happens in a batch, if:

• Floor/Ceiling is newly maintained at commitment level for any of the interest component associated with the loan contract which is linked to the commitment.
• Existing current dated floor/ceiling maintenance is amended at the commitment level for any of the interest component associated with the loan contract which is linked to the commitment, and there is no online propagation for the loan after the floor/ceiling amendment.

If the underlying loan contract’s all-in rate for any of the interest component is not within the Floor or Ceiling limit, then system does the floor/ceiling propagation as mentioned in the section Processing All-In Rate Floor and Ceiling rates of the User Manual.

For Split Re-price Instruction which is already captured but yet to be processed (split value date in future), system does not update the all-in rate in the Split Reprice instructions during batch.

Floor/Ceiling propagation does not happen in batch, in the following scenarios:

• If the propagation has already happened online for the current day floor/ceiling maintenance/amendment.
• Floor/ceiling maintenance has not been changed after online propagation for the loan