4.3 Define Repayment Schedules

This topic provides the instructions to capture the repayment schedules.

The payment schedules defined for a product will apply to all deals involving the product. When you process a deal in the Contract Schedules screen, the details defined for the product (which the deal involves) are displayed. The schedules that have not been liquidated and which fall due on the current system date, or later than the current system date, will be erased and you can go on to define the new repayment schedules.

1. On the Money Market Contract Input screen, click Schedules.

   Money Market Contract Input with Schedules tab details are displayed.

   Figure 4-3 Money Market Contract Input with Schedules Tab

   
   Description of the illustration mmdtronl__cvs_main__tab_schedules.jpg
2. On the Money Market Contract Input with Schedules tab, click New.
3. On the Money Market Contract Input - Schedules screen, Specify the details as required.
4. Click Ok to save the details or Exit to close the screen.

   The attributes of the schedules inherited from the product are changed for a deal through the contract Preferences screen.

5. On the Money Market Contract Input screen, click Preferences to specify an additional set of schedule-related attributes.

   Schedule preferences are the attributes of the repayment schedules defined for the deal. The defined attributes for the product inherit all deals involving the product. Some of these attributes are changed. The attributes of the schedules inherited from the product are changed for a deal through the Contract Preferences screen.They are:

   • The liquidation of schedules that fall due before the day on which the deal is booked.
   • The liquidation mode (auto to manual)

   Money Market Contract Input screen with Preferences tab details is displayed.

   Figure 4-4 Money Market Contract Input screen with Preferences

   
   Description of the illustration mmdtronl__cvs_main__tab_preferences.jpg
6. On the Preferences tab, specify the details as required.

   The following provides the details on how to handle liquidation dates which fall on holidays.

   • Whether schedule dates are cascaded, if you have indicated that they (schedule dates) are moved forward or backwards in case of a holiday.
   • The holiday table of the country of the deal currency has to be checked before setting automatic schedules.
   • Whether back valued schedules are liquidated on deal initiation.
   • Whether, in case of a placement, the available funds in the repayment account has to be verified if components have the same schedule date and repayment account, and automatic liquidation is specified.
   • The Contract Online screens are available under MM in the Application Browser.