1. Cash Flow Engine Reference Guide
  2. Cash Flow Dictionary
  3. Cash Flow Columns
  4. Interest Type Code (INT_TYPE)
  5. Data Verification Requirements and Suggested Defaults

8.2.64.3 Data Verification Requirements and Suggested Defaults

  • If INT_TYPE = 2, AMRT_TYPE_CD = 700, 820, 850, 801, 802 or non-conventionally amortizing User-Defined Payment Patterns.
  • INT_TYPE valid values are 1, 2, and 3.
  • If INT_TYPE = 2, REMAIN_NO_PMTS_C should still count MATURITY_DATE as a payment date.
  • If INT_TYPE = 2 and ORIGINATION_DATE > AS_OF_DATE, NEXT_ PAYMENT_DATE and LAST_PAYMENT_DATE = ORIGINATION_DATE.
  • If the ORIGINATION_DATE > AS_OF_DATE, the NEXT_PAYMENT_DATE and LAST_PAYMENT_DATE should both equal the ORIGINATION_DATE.
  • For conventionally amortizing records, interest in advance is not a valid INT_TYPE code. Interest in advance functions with simple interest and level principal AMRT_TYPE_CDs only.
  • If a compounding method has been chosen, the cash flow engine derives the compounded rate before calculating the preceding interest income amounts.