8.2.124.3 Data Verification Requirements and Suggested Defaults

  • If the record is fixed-rate, RATE_FLOOR_LIFE = 0.
  • If the record is adjustable without a rate floor, RATE_FLOOR_LIFE = 0.
  • If RATE_FLOOR_LIFE <> 0, CUR_GROSS_RATE and CUR_NET_RATE >= RATE_FLOOR_LIFE .
  • If RATE_FLOOR_LIFE <> 0, RATE_FLOOR_LIFE = ORG_RATE - RATE_ DECR_LIFE.