Fairways Debt enables you to create CDC (Caisse des Dépôts et Consignations) loans.
Prerequisite
- Add the CDC loan type to your customer account (contact your Finance Active consultant)
Navigate to the Debt & Derivatives Application
- Log in to your Fairways Debt account.
- Select a customer account, if relevant.
- Navigate to Applications
> Debt & Derivatives.
Create a CDC Loan
- Click Add Transaction > Loan > CDC Loan.
- Complete the form with all relevant details.
Note: Fields marked with an asterisk * are mandatory.
| Field | Description |
|---|---|
| Reference Code |
Unique reference of the transaction. Identifies the transaction in the portfolio. Note: The reference must be unique among all the entities managed in the account. |
| External Reference Code | Used by external systems to identify the transaction. Used when transactions are imported from or exported to another system. |
| Principal | Principal amount of the loan. |
| Currency | Currency of the principal amount. |
| Borrower | Borrowing entity in the system. |
| Lender | Can be either internal (an entity in the system) or external (a commercial bank). |
| Field | Description |
|---|---|
| Trade Date | Date at which the transaction has been traded. From that date, the system takes the transaction into account as an item of the portfolio. |
| Start Date | Unadjusted start date of the transaction. |
| Maturity Date | Unadjusted maturity date of the transaction. |
| First Roll Date | Unadjusted date of the first payment (useful when the first period is a long or short stub). |
| Field | Description |
|---|---|
| Availability Period |
Indicates if the loan includes drawings and amortization:
Notes:
|
| End of Availability Period |
Note: This field displays if the availability period is enabled. Indicates the last date at which drawings can be made. |
| Field | Description |
|---|---|
| Amortization Type |
Amortization mode. Notes:
|
| Initial Progression | |
| Construction Rate | Note: This field only displays for the DA amortization type. |
| Progress Type | Note: This field only displays for the DA amortization type. |
| Revision Type | Note: This field only displays for the ID, ICO, and IP amortization types. |
| Revision Floor | Note: This field only displays for the Double Limited revision type. |
| Stock Amount | Note: This field only displays for the Double and Double Limited revision types. |
| Amortization Progression | Note: This field only displays for the ICO amortization type. |
| Field | Description |
|---|---|
| Index |
Name of the index used to calculate the rate value, e.g. FIXED for a fixed rate. Note: The field beside displays depending on the index selected. |
| Interest Rate |
Fixed rate value in percentage. Note: This field displays depending on the index selected. |
| Initial Interest Rate |
Initial rate of the custom index. Note: This field displays depending on the index selected. |
| Spread |
Spread (or margin) value in percentage. Note: This field displays depending on the index selected. |
| Day Count Convention | Used to compute the day fraction of an interest accrual period. |
| Field | Description |
|---|---|
| Frequency | Frequency of the payments. |
| Interest Calculation Adjustment | Adjustment mode for the interest calculation. The nominal start and end dates of the accrual period will be adjusted accordingly before computing the interest amount. |
| Payment Date Adjustment | Adjustment mode for the payment date. |
| Last Stub Period |
Defines whether the last period should be a short or long stub when it does not match the selected frequency:
Note: If neither stub is selected, the short stub applies by default. |
Enter the required custom attributes, if any.
- Enable Show Details after Validation to automatically open the new CDC loan profile once created.
- Click Apply.
The new CDC loan displays in the draft portfolio.