3.12.1.1 Loan Commitment Propagation
When a Loan Commitment is originated, it has a commitment number rather than an account number.
When a Loan Commitment is originated, it has a commitment number rather than an account number. To support the propagation of TP Results for Loan Commitment Contracts, users can choose to match current and prior records based on the commitment number rather than the ID Number. This capability allows users to propagate from month-to-month or day-to-day within the Loan Commitment Table and after the loan is booked, from the Loan Commitment or PM Generated Instrument Table to Asset Table as majorly commitments are for vanilla Loans or Mortgage accounts.
You can enable or disable Loan Commitment Propagation. If this option is enabled, then Loan Commitment Propagation will run after the Standard Propagation.
To define a Loan Commitment Propagation, follow these steps:
- From the LHS menu, select Funds Transfer Pricing, select
Maintenance, and then select Propagation
Pattern.
Figure 3-28 Loan Commitment Propagation
The Loan Commitment Propagation Section of the Screen displays the following information:
- Processing Table: This list includes the Seeded Instrument Tables that hold Loan Contracts.
- Source Table: This list includes any Instrument Tables that are classified as a Loan Commitment Table. For example, Loan Commitment Contracts.
- Frequency: A numeric value multiplied with a Multiplier to calculate the Historical Lag Reference Date for Rate Lookups.
- Multiplier: The unit value of the Frequency.
- Select the check-box option for Loan Commitment Propagation (if applicable).
- Select the Source Table that needs to be associated with each Processing Table.
- Select the Target Column to Match as Commitment Number.
- Specify the Historical Lag between the processing and source tables.
- Select the Frequency.
- Select the Multiplier.
- Click Save.