Add an Upfront Premium Fee

Premium fees in Fairways Debt are paid at the start date of the transaction.

Note: Premium fees are only available for caps and floors.

 

Prerequisite

 

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

 

Navigate to the Fees Tab
  1. Navigate to Draft.
  2. Click the relevant transaction to open its profile.

Draft_EN.png

  1. Navigate to Fees.

Cap_EN.png

 

Add an Upfront Premium Fee
  1. Click More > Add Upfront Premium Fee.

Fee_More_EN.png

  1. Complete the form with all relevant details.

Note: Fields marked with an asterisk * are mandatory.

Field

Description

Reference Code

Unique reference of the premium.

Premium Type

Premium paid at the start date of the transaction:

  • Amount: Amount of the premium.
  • Percentage: Percentage used to compute the premium amount, based on the notional amount of the transaction.

Note: Additional fields display depending on the selection.

Premium Amount/Percentage

Premium Currency

Note: This field only displays for the percentage type.

Currency of the premium.

Note: The premium currency is inherited from the transaction currency.

  1. Enable Show Details after Validation to automatically open the new fee profile once created.
  2. Click Apply to add the fee.

Premium_Create_EN.png

The new upfront premium fee displays.

Premium_Created_EN.png

 

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