In Fairways Debt, you can perform repayments, full or partial, at any time during the term to maturity of a transaction.
Navigate to the Debt & Derivatives Application
- Log in to your Fairways Debt account and select a customer account, if relevant.
- Navigate to Applications
> Debt & Derivatives.
Repay a Transaction
- Click a transaction to open its profile.
- Navigate to Life Cycle.
- Click Repay.
- Complete the form with all relevant details.
Note: Fields marked with an asterisk * are mandatory.
|
Field |
Description |
|---|---|
|
Trade Date |
Timestamp of the repayment. Notes:
|
|
Repayment Date |
Unadjusted repayment date. Notes:
|
|
Field |
Description |
Options |
|---|---|---|
|
Repayment Type |
Repayment amount type. Note: Additional fields become available depending on the selection. |
Full with Cash Flows Partial |
|
Field |
Description |
|---|---|
|
Repayment Amount |
Note: This field is only editable for partial repayments. The maximum value, i.e. the outstanding balance at the repayment date, automatically fills out. Edit this value, if relevant. |
|
Fees |
Amount of the fees paid for the repayment. |
|
Interest Paid on Repayment Date |
Note: This field only displays for partial repayments. It is not available for PIK loans, CDC loans and transactions defined with in advance interest payment and/or during an availability period for drawings. If this option is selected, the interest on a partial repayment is paid on the repayment date. The interest amount is then deducted from the amount to be paid at the end of the period. When the first partial repayment is performed with the interest paid on the repayment date, then the interest on all subsequent repayments will also be paid on the repayment dates. Otherwise, all interest on the repayments is paid at the end of the period. |
|
Field |
Description |
|---|---|
|
Repayment Rules |
Notes:
Impact of the partial repayment on the amortization:
|
- Click Apply to repay.
The repayment displays and updates the transaction schedule.