10.7.4.3 Event Detail
You define each event with a repricing type of either flat rate or indexed rate. The repricing types determine the event detail characteristic that is available.
Flat Rate
Selecting the flat rate repricing type allows you to set the rate of the instrument to a fixed value. For example, 6%. The following table describes the event detail characteristics that are available when the flat rate repricing type is selected.
Table 10-3 Event Detail
| Characteristic | Description |
|---|---|
| Net Rate | The new net rate value |
| Gross Rate | The new gross rate value |
| Transfer Rate | The new transfer rate value |