1. Cash Flow Engine Reference Guide
  2. Cash Flow Dictionary
  3. Cash Flow Columns
  4. Current Net Rate (CUR_NET_RATE)
  5. Data Verification Requirements and Suggested Defaults

8.2.35.3 Data Verification Requirements and Suggested Defaults

  • All term accounts require a valid CUR_NET_RATE.
  • For non-interest earning/bearing accounts, CUR_NET_RATE = 0.
  • For transaction accounts where the rate changes daily based upon average balances, CUR_NET_RATE should be the spot rate at the time the extract program is run.
  • For interest-bearing accounts, CUR_NET_RATE >= 0.
  • CUR_NET_RATE = MARGIN + value of the index that the account is tied to (assuming periodic/lifetime caps/floors do not apply and rounding is taken into consideration).