Add an Indexation Change to a Transaction

Indexation changes in Fairways Debt occur when the rules defining the interest rates change, e.g. a new spread.

 

Navigate to the Debt & Derivatives Application
  1. Log in to your Fairways Debt account, e.g. https://login.financeactive.com/eu.
  2. Select a customer account.
  3. Navigate to Applications Applications.png > Debt & Derivatives.

 

Add an Indexation Change to a Transaction
  1. Open a transaction.
  2. Navigate to Life Cycle.
  3. Click Add Indexation Change.

Transaction_LifeCycle_EN.png

  1. Complete the form with all relevant details.

Note: Fields marked with an asterisk * are mandatory.

Field Description
Trade Date Timestamp of the change. The effective date must be later than the trade date.
Effective Date Date from which the new rule takes place. If the effective date is not an interest payment date, the payment immediately following this date is computed with both the previous interest rate (from the start date of the period to the reference date of the interest change action) and the new interest rate (from the reference date of the interest change action to the end date of the period).
Index

Name of the index used to calculate the rate value, e.g. FIXED for fixed rate.

Notes:

  • Additional fields may display depending on your selection.
  • For cross-currency swaps, only Fixed and Libor rates are supported.
Interest Rate

Note: This field only displays for fixed indexes.

Fixed rate value in percentage.

Spread Spread (or margin) value in percentage.
Day Count Convention Used to compute the day fraction of an interest accrual period.
  1. Click Apply to add the indexation change.

IndexationChange_Add_EN.png

The indexation change displays.

IndexationChange_Added_EN.png

 

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