5.1.2 Interest Rates
The quality and availability of Interest Rate information vary throughout the world. In many markets, gathering comprehensive rate information is a challenge because of insufficient security types, inconsistent quoting conventions, and lack of liquidity. The Interest Rate Curve in Cloud Service allows you to define and manage complex Yield Curve definitions using multiple Rate Formats and other Rate Attributes to give you data storage capabilities appropriate to your market. The Interest Rate Curve supports the creation and maintenance of Historical Rate Data for each Yield Curve you define.
Historical Interest Rate Data is utilized in the Cloud Service to generate the Transfer Rates, add-On Rates, Discount rates for market value calculations, Option Costs, and Forecasted Interest Rate Scenarios.
Interest Rate Rule Summary
This page is the gateway to all Interest Rate Rules and related functionality. You can navigate to other pages relating to Interest Rate Rules from this point.
Figure 5-4 Interest Rate Curves Summary
Search Interest Rate Rule
Prerequisites: Predefined Interest Rate Rule
To search for an Interest Rate Rule:
Click Search after entering the search criteria. The search results are displayed in a table containing all the Interest Rate Rules that meet the search criteria.
Or
An alternative method to search an Interest Rate Rule is through the Field Search option. This is an inline wildcard UI search that allows you to enter a search value (such as code, name, etc.) partially or fully. Rows that contain the string you are searching for are fetched and displayed in the Interest Rate Rule Summary. You can enter the Interest Rate Code, Name, Currency, Rate Format, and Structure Type of the Interest Rate Rule and click Search .
The Interest Rate Rule Summary displays the following information:
Add: Click the Add icon on the page header to build a new Interest Rate Rule.
- Interest Rate Code: The Interest Rate Curve's Code. The code is a unique number in the range of 1 to 9999999. Hover on a row in the pane to display the Interest Rate Curve's detailed description.
- Name: The Interest Rate Curve's short name.
- Structure Type: The Structure Type (Standard, Hybrid) of the Interest Rate Curve.
- Currency: The Currency (Reference Currency) for which Interest rate curve is defined.
- Created By: The Name of the user who created the Interest Rate Curve.
- Creation Date: The Date and Time when Interest Rate Curve was created.
- Last Modified Date: The Date and Time when the Interest Rate Rule was last modified.
- Access Type: The access type of the rule. It can be Read-Only or Read/Write.
- Action: Click this icon to view a list of
actions that you can perform on the Interest Rate Rule.
- Multiple Delete: Enables you to select and delete one or multiple rules in the table simultaneously.
- View/Edit: Based on the user privilege assigned, you can either only view or edit existing Interest Rate Rules. To edit a rule, you must have Read/Write privilege.
- Save As: You can reuse an Interest Rate Rule by saving it under a new name thus saving time and effort in entering data multiple times; it also leads to reduced data entry errors.
- Delete: You can delete Interest Rate Rules that you no longer require. Note that only Interest Rate Rule owners and those with Read/Write privileges can delete Interest Rate Rules. An Interest Rate Rule that has a dependency cannot be deleted.
- Dependency Check: You can perform a dependency check to
know where a particular Interest Rate Rule has been used. Before
deleting a rule, it is always a good practice to do a dependency check
to ensure you are not deleting Interest Rate Rules that have
dependencies. A report of all rules that utilize the selected Interest
Rate Rule is generated.
Note:
This is functionality will intended for a future release.
Also See: