If EIR is Provided as a Download

If the value is provided as a download through the Account Inception Rates Stage table, then the application populates the same into the processing area.

In the case of a fixed rate account, the application checks the availability of the corresponding to the given Account ID as per the account start date (MIS Date = Account Start Date).

In the case of a variable rate account, the application checks the availability of the EIR corresponding to the given Account ID as per the given MIS Date.

Note:

If the EIR for the required date is not available in the Account Inception Rates table, then the EIR on the MIS Date, which is nearest to the required date is used.