8.18.6 Straight Term

When you select the Straight Term method, the system derives the transfer rate using the last repricing date and the next repricing date for adjustable-rate instruments, the origination date, and the maturity date for fixed-rate instruments.

• Standard CalculationMode:
  • For fixed-rate Products (Repricing Frequency = 0), use Yield Curve Date = OriginationDate, Yield Curve Term = Maturity Date-Origination Date.
  • For Adjustable Rate Products (Repricing Frequency >0)

    For loans still in tease period (tease end date > As of Date, and tease end date > origination date), use Origination Date and Tease End Date - Origination Date.

    For loans not in the tease period, use Last Repricing Date and Repricing Frequency.

• Remaining Term CalculationMode:
  • For fixed-rate Products, use As of Date and Maturity - As ofDate.
  • For Adjustable Rate Products, use As of Date and Next Repricing Date - As of Date. The following options become available on the application with this method:

    Interest Rate Code: Select the Interest Rate Code to be used for transfer pricing theaccount