1. Cash Flow Engine Reference Guide
  2. Cash Flow Dictionary
  3. Cash Flow Columns
  4. Payment Change Frequency (PMT_CHG_FREQ)
  5. Data Verification Requirements and Suggested Defaults

8.2.109.3 Data Verification Requirements and Suggested Defaults

  • If AMRT_TYPE_CD = 600, PMT_CHG_FREQ must be either 0 or a positive value. PMT_CHG_FREQ cannot be negative.
  • For fixed-rate and non-term accounts, PMT_CHG_FREQ = 0.
  • For adjustable-rate accounts with AMRT_TYPE_CD <> 600, PMT_CHG_FREQ = REPRICE_FREQ.
  • For adjustable-rate accounts with AMRT_TYPE_CD = 600, the following conditions should exist:

    PMT_CHG_FREQ <> 0

    PMT_CHG_FREQ <= PMT_ADJUST_DATE - AS_OF_DATE

Note:

Payment Change Frequency Multiplier (PMT_CHG_FREQ_MULT)