6.4 Financial Elements

The Financial Element ID column lists the financial elements written for each payment and repricing event processed by the Cash Flow Engine. An initial set of data is also written, recording the balance and rate as of the last payment date. The base set of financial elements written during a Cash Flow Audit Process may include some or all of the following:

Table 6-2 List of Financial Elements for Payment and Repricing Events

Financial Element	Description
Payment Events
100	Ending Par Balance. The final balance on the payment date, after the payment, has occurred.
430	Interest cash flow.
210	Total Principal Runoff, including scheduled payments, prepayments, and balloon payments.
60	Beginning Par Balance. Starting balance and payment date, before payment.
120	Runoff Net Rate. The rate at the time of payment, weighted by ending balance. To view the actual rate, divide financial element 120 by financial element 100.
490	The discount rate used to determine the present value of cash flow on the payment date.
Repricing Events
250	Par Balance at the time of repricing.
280	Before Reprice Net Rate. Rate Before repricing, weighted by repricing balance. To determine the true rate, divide this financial element value by financial element 250.
290	After Reprice Net Rate. Newly assigned net rate after repricing occurs, weighted by repricing balance. To determine the true rate, divide this financial element value by financial element 250.
Initial Event
100	Initial par balance at the start of processing.
120	The initial net rate at the start of processing.

In addition to these financial elements, other data may be output, depending on the type of processing and the optional financial elements selected. For more information on financial elements, see OFSAA Financial Elements.