6.1.3 Make Changes in Interest

If you want to make value dated changes in the profit rate, the rate code, the spread or the profit amount you have to invoke the Contract Profit, Charge and Fee screen of the ICCF module through the Value Dated Changes screen. You can make value dated changes only to the following components in the Contract ICCF screen:

Interest Rate

Enter the new interest rate. However, you will not be able to:

• Change the interest rate if you have defined zero-interest for the deal
• Change the interest type

Rate Code

If a floating type of profit is defined, enter the new rate code.

Spread

Enter the new spread here.

Profit Amount

Enter the new profit amount.

Acquired Profit

If the deal initiated when it was input, the profit amount that has been accrued is entered here. The amount is taken into account by the system during the next liquidation cycle. You can make changes to the acquired profit through this screen.

Waiver

The attributes of an profit component are defined for a product is applied to a deal involving the product. If for some reason you do not want to apply the profit component for the deal you are processing; you can do so by checking this field. The profit is calculated, but it is applied on the deal.

note: For back valued changes in profit rate, the system will take corrective action. Accruals are redone till the last accrual date. Also, in case of a back valued change, the value date should not be beyond the last liquidation date.