8.13.2 Constant Prepayment Method

The Constant Prepayment method of Use Payment Dates calculates the prepayment amount as a flat percentage of the current balance.

You can create your origination date ranges and assign a particular prepayment rate to all the instruments with origination dates within a particular origination date range.

Constant Prepayment method of User-defined Prepayment Tenors allows prepayment on any date, irrespective of contractual payment dates. You can create your origination date ranges and define

prepayment tenor (or tenors) for each range. You can associate a specific prepayment rate for each prepayment tenor.