5.2.3.13 Specify the Rollover Method

When you select New Contract for the rollover mechanism (like with borrower drawdown products), the Rollover Method allows you decide if you want to create a new contract for the amount being rolled over.

or

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

• If you select Split, you can set preferences for the split while defining the borrower drawdown contract associated with the product.
• If you select Consolidated, you can specify the other drawdown contracts to be consolidated into one contract while also defining the borrower's drawdown with 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.