1. Cash Flow Engine Reference Guide
  2. Cash Flow Dictionary
  3. Cash Flow Columns
  4. Negative Amortization Equalization Date (NEG_AMRT_EQ_DATE)
  5. Module Usage

8.2.86.2 Module Usage

The Oracle ALM and Funds Transfer Pricing Adjustable-type Cash Flow Methodologies reference NEG_AMRT_EQ_DATE when calculating the current payment for the Negative Amortization-type Accounts. NEG_AMRT_EQ_DATE is relevant only for adjustable-rate accounts with AMRT_TYPE_CD = 600.

  • Limits for the life of the record. Therefore, after the payment recalculation of a NEG_AMRT_EQ_DATE, the record will no longer be negatively amortizing.
  • NEG_AMRT_EQ_DATE is incremented forward by the NEG_AMRT_EQ_FREQ until the maturity date is reached.

    Note:

    If AMRT_TYPE_CD <> 600, NEG_AMRT_EQ_DATE = 01-JAN-1900.
  • If AMRT_TYPE_CD = 600, NEG_AMRT_EQ_DATE > ORIGINATION_DATE.
  • If AMRT_TYPE_CD = 600, NEG_AMRT_EQ_DATE < MATURITY_DATE.