4.3.4.3.1 Creating Prepayment Model with Rate Calculation as Manual

To create a Prepayment Model Rule, follow these steps:

1. Navigate to the Prepayment Model Summary Page.
2. Click Add. The Prepayment Model Details Page is displayed.

   Figure 4-63 Prepayment Model

   
   

   

   
   
3. Enter the following details:
   • Name: Enter the name and a brief description for the Prepayment Model. The name you assign to the Prepayment Model must be unique. The name can hold a maximum of 30 characters.
   • Rate Calculation: Select the Prepayment Model Rate Calculation Method as Manual. Using Manual Method, you can select maximum of three Prepayment Dimension and assign prepayment rates manually to selected dimension.
   • Folder: Select the Folder
   • Description: Enter the description of Prepayment Model Rule.
   • Select Access Type.
4. Follow below steps:

   Defining the Structure of the Prepayment Model Using Dimensions section

   Modifying the Table Structure Using Bucket Definition section

   Prepayment Rates Using Matrix Definition