8.2.93.1 Definition

Used in the Mortgage Offset Account (MOA) process, the OFFSET_PERCENT is applied to the MOA expected balance at every payment date to calculate the remaining balance after offset for interest calculation purposes.

This is the percentage of the balance which is available as an offset. It can range from > 0 and <= 100. If set to 100, then the entire EXPECTED_BAL amount is used to offset the loan balance. If less than 100, then the EXPECTED_BAL used to offset the loan balance is reduced by the specified percentage.