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
- Log in to your Fairways Debt account, e.g. https://login.financeactive.com/eu.
- Select a customer account.
- Navigate to Applications
> Debt & Derivatives.
Add an Indexation Change to a Transaction
- Open a transaction.
- Navigate to Life Cycle.
- Click Add Indexation Change.
- 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:
|
| 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. |
- Click Apply to add the indexation change.
The indexation change displays.
