8.2.48.3 Data Verification Requirements and Suggested Defaults

For Mortgage Offset Account instruments, EXPECTED_BAL > 0

If EXPECTED_BAL > 0, then Selected balance, e.g. CUR_PAR_BAL - (EXPECTED_BAL * (OFFSET_PCT/100) ) x rate/100 * Accrual Basis.

If EXPECTED_BAL > MINIMUM_BALANCE, then Offset happens as follows:

MOA Minimum Balance condition will also applicable (EXPECTED_BAL/ ORG_OFFSET_BAL/ LRD_OFFSET_BAL after applying Growth%).

If growth % is negative, then the balance will fall below the minimum. In this case, the minimum balance will be applicable as follows:

Additionally, if expected balance is currently below the minimum (no offset applies), and given a positive growth %, eventually, then expected bal will become > minimum, at which point it should become active.