1. Asset Liability Management User Guide
  2. Product Characteristics
  3. Defining Product Characteristic Rules
  4. New Business Tab
  5. Core Product Attributes Secondary Tab

18.2.3.1 Core Product Attributes Secondary Tab

The following is a listing of new business fields used in the Define Core Products Attributes secondary tab of the Product Characteristics Rule.

Figure 18-5 Define Core Products Attributes Tab to Define the Product Characteristic Rule


Define Core Products Attributes Tab to Define the Product Characteristic Rule

Table 18-3 Fields to add the core product attributes for New Businesses and their Descriptions

Field Description
Amortization Type

Method of amortizing principal and interest. The choices consist of all standard OFSAA codes and all additional user-defined codes created through the Payment Pattern and Behavior Pattern interfaces, as follows:

Conventional Fixed

Conventional Adjustable

Balloon Payment

Adjustable Negative Amortization

Non-Amortizing

Rule of 78's

Level Principal

Payment Pattern

Behavior Pattern

Lease

Adjustable Type

Determines the repricing characteristics of the new business record. The choices consist of all standard OFSAA codes plus the Repricing Pattern. The standard OFSAA codes are as follows:

Fixed-Rate

Floating Rate

Other Adjustable
Lease Residual Value For Lease instruments, this value specifies the residual amount as a percent of the par balance.
Amortization Method for Premiums, Discounts, and Fees

Determines the method used for amortizing premiums, discounts, or fees. The available codes are:

Level Yield

Straight Line
Behavior Pattern Code Lists all user-defined behavior patterns created through the user interface.
Payment Pattern Code Lists all user-defined payment patterns defined through the user interface.
Repricing Pattern Code Lists all user-defined reprice patterns created through the user interface.

Interest Rate Code

 Defines the pricing index to which the instrument interest rate is contractually tied. The interest rate codes that appear as a selection option depending on the choice of currency. The interest rate code list is restricted to codes that have the selected currency as the Reference Currency. If the default currency is chosen, all interest rate codes are available as a selection.
Original Deferred Amortization Percent The initial deferred balance expressed as a percent of original par balance.
Inflation Indexed Instrument Select this check box to enable the Inflation Indexed tab.