EIR Calculation Flag and Checking the Availability of EIR Value For Fixed Rate Account - Origination Date EIR

The EIR EIS Calculation Flag determines the need to recalculate the Origination Date EIR.

Note:

EIR as of the current date is computed every time, irrespective of the Flag.

• If the flag is Y in the Product Processor table, the application computes or recomputes the Origination Date EIR value.
• If the flag is NULL in the Product Processor table and the EIR is not available for the given account, then the application computes the same.