14.2 Create Repricing Patterns

You create Repricing patterns to capture the Repricing Behavior of instruments whose rates change according to complex schedules.

To create the Repricing Pattern, follow these steps:

1. Navigate to Repricing Pattern Summary Page.
2. Click Add icon.

   The Add Repricing Pattern Page is displayed.

3. Enter a Numeric Code Value for the new Repricing Pattern. You can also click Generate Code Option in Code field to generate the code automatically.
4. Enter the name of the pattern.

   Note:

   The code is a numeric internal identifier for the repricing pattern. The code value must be a number between 500 and 4999 and the code value you assign to the new pattern must be unique. In addition, the code must be mapped to the appropriate instrument records (ADJUSTABLE_TYPE_CD and REPRICE_PATTERN_CD (applicable to CFE only)) to connect the instrument to the appropriate pattern.

5. Type a brief description for the pattern.
6. Select the Repricing Pattern Type: Absolute or Relative.

   The selection of the Repricing Pattern type determines the fields that are displayed in the Repricing Events Table and the information you must provide to successfully define that pattern type. See:

   • Defining Absolute Repricing Patterns
   • Defining Relative Repricing Patterns

   The Add Repricing Pattern page displays the parameters associated with the Absolute repricing pattern type, which is the default repricing pattern type value. If you change this value to Relative, the system refreshes the repricing specifications corresponding to the new pattern type, and any data entered previously is lost. However, a warning message is displayed when you change the pattern type. The data is discarded only after your confirmation.

7. Click Save.