1. Cash Flow Engine Reference Guide
  2. Cash Flow Calculations
  3. Cash Flow Calculation Process
  4. Initializing Schedule Records
  5. Amortization Code 801

7.8.5.2 Amortization Code 801

An Amortization Code of 801 is used for Level Principal Payment Schedules. On the schedules for these instruments, the payment amount represents the principal portion of the payment only. For 800 and 801 schedules, the payment amounts should be expressed gross of any participation.