4.5.5 Repayment Schedule

For a repayment schedule, the amount of repayment needs to be specified only for the principal component for both borrowing and placement contracts. The interest, commission and fee components will be calculated by the system automatically, depending on the repayment date and amount of the principal. However, if the interest type is Special, you should specify the interest amount. Similarly, if the deal has been defined with any other fixed amount component, you will have to enter an amount for this. The repayment schedules for the components of the deal will be those defined for the product it involves. You can change the schedules for a deal when processing it. Revision frequency has to be defined (say INTEREST1).Then, instead of specifying the other schedule details like the frequency, the number and unit, indicate the date in the Start Date field. The rate revision is done on that date.