7.8.6.2 Multiple Timeline Patterns (Payment Patterns Only)

To initialize a detailed Instrument Record tied to a Split Pattern, the Cash Flow Engine must generate a set record for each split. The Current Balance for each split record is calculated using the percentage apportioned to that split, as defined through the Payment Pattern Interface. The Original Balance, Original Payment, and Current Payment columns are also apportioned according to the percent defined through the interface.

For each timeline resulting from the split of a detailed instrument record, the Current Payment Date must be determined. The method for determining the Payment Date is the same as described for Single Timeline Patterns with one exception. For these instruments, the Next Payment Date from the original instrument record does not override the calculated Next Payment Date. The date derived from rolling the Origination Date Forward for relative timelines or locating the Next Date for absolute timeliness is assumed to be the Correct Payment Date.