4.1.9.4.1 Core Attributes

This section describes the new business fields used in the Core Attributes tab of the Product Characteristics Rule.

Figure 4-22 Core Attributes Tab to Define the Product Characteristic Rule

Table 4-20 Fields to add the Core Attributes for Product Characteristic Rule and their Descriptions

Field	Description
Account Type	Select the account type.
Amortization Type	Method of amortizing principal and interest. The choices consist of all standard OFSAA codes and all additional user-defined codes created through the Payment Pattern and Behavior Pattern interfaces, as follows: Conventional Fixed Conventional Adjustable Balloon Payment Adjustable Negative Amortization Non-Amortizing Rule of 78's Level Principal Payment Pattern Behavior Pattern Lease
Interest Rate Curve	Defines the pricing index to which the instrument interest rate is contractually tied. The interest rate codes that appear as a selection option depending on the choice of currency. The interest rate code list is restricted to codes that have the selected currency as the Reference Currency. If the default currency is chosen, all interest rate codes are available as a selection.
Original Term	The contractual term at origination date in units (days, months, or years).
Amortization Term	Term upon which amortization is based in units (days, months, years). This field is not editable if the Derivative Type is selected as FX Contract and subtype is selected as Spot or Forward
Adjustable Type	Determines the repricing characteristics of the new business record. The choices consist of all standard OFSAA codes plus the Repricing Pattern. The standard OFSAA codes are as follows: Fixed-Rate Floating Rate Other Adjustable
Lease Residual Value	For Lease instruments, this value specifies the residual amount as a percent of the par balance.
Amortization Method for Premiums, Discounts, Costs and Fees	Determines the method used for amortizing premiums, discounts, or fees. The available codes are: Level Yield Straight Line
Behavior Pattern Type	Lists all user-defined behavior patterns created through the user interface.
Behavior Pattern Subtype	Lists all user-defined behavior patterns created through the user interface.
Payment Pattern	Lists all user-defined payment patterns defined through the user interface.
Repricing Pattern	Lists all user-defined reprice patterns created through the user interface.
Original Deferred Amortization Percent	The initial deferred balance expressed as a percent of original par balance.