5.3.2 Default Attributes

Define multiple sets of instrument attributes for plug entries in Default Attributes. Include Payment Terms, Original Term, Repricing Frequency, Accrual Basis, Compounding Basis, and other applicable instrument attributes.

Configure defaults against members of the selected key product dimension, such as Product, Common Chart of Accounts, or an activated placeholder dimension configured as the product dimension.

Assign attributes to a leaf member or a parent node in the selected hierarchy. Child and leaf members inherit the parent configuration unless a more specific configuration exists at a lower node.

Note:

If parent-level and leaf-level defaults both exist, the processor uses the leaf-level configuration for the applicable plug entry.

Figure 5-19 Default Attributes Summary

This screen includes the following sections:

• Core Product Attributes:
  • Amortization Type
  • Adjustable Type

    Note:

    In the Adjustable Type drop-down, if you select an option other than Fixed Rate, the following fields are enabled:

    • Interest Rate Code
    • Adjustable-Rate Attributes:
      • Repricing Frequency
      • Repricing Frequency Type
      • Rate Change Rounding Type
      • Net Margin
  • Interest Rate Code
  • Net Rate
  • Original Term
  • Original Term Type
• Payment Attributes:
  • Payment Frequency
  • Payment Frequency Type
  • Accrual Basis
  • Interest Type
  • Compounding Basis
  • Holiday Calendar
  • Holiday Rolling Convention
  • Holiday Calc Option
  • Remaining Number of Payments

  Note:

  In the Holiday Calendar drop-down, if you select an option other than None, the following fields are enabled:

  • • Holiday Rolling Convention
    • Holiday Calc Option
• Adjustable-Rate Attributes:
  • Repricing Frequency
  • Repricing Frequency Type
  • Rate Change Rounding Type
  • Net Margin

Click Save to save changes or Cancel to discard updates.

Figure 5-20 Select the key product dimension

Figure 5-21 Select parent and leaf hierarchy members

Figure 5-22 Review multiple default configurations