Add a Periodic Fee

Periodic fees in Fairways Debt are paid at defined periods and computed using the maximum outstanding amount of the transaction.

 

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.

Transaction_EN.png

 

Add a Periodic Fee
  1. Click More > Add Periodic Fee.

Transaction_Fee_More_EN.png

  1. Complete the form with all relevant details.

Notes:

  • Fields marked with an asterisk * are mandatory.
  • Different fields and layouts display depending on the parent transaction.

Field

Description

Reference Code

Unique reference of the fee.

Currency

Currency of the fee.

Fee_EN.png

Field

Description

Start Date

Unadjusted start date of the fee.

Maturity Date 

Unadjusted maturity date of the fee.

First Roll Date 

Unadjusted date of the first payment .

TimeFrame_EN.png

Field

Description

Fee Type

How the fee payment is calculated and paid.

Note: Additional fields display depending on the selected.

Fee Calculated On

Note: This field only displays for index-linked amounts.

Amount used for calculating the fees.

Index 

Note: This field only displays for index-linked amounts.

Name of the index used to calculate the rate value.

Interest Rate

Note: This field only displays for fixed indexes.

Fixed rate value in percentage.

Initial Interest Rate

Note: This field only displays for custom indexes.

Initial rate of the custom index.

Spread

Note: This field only displays for floating indexes.

Spread (or margin) value in percentage.

Day Count Convention

Note: This field only displays for index-linked amounts.

Used to compute the day fraction of an interest accrual period.

Fees Paid in Advance

Note: This field only displays for index-linked and percentage-guaranteed amounts.

Defines whether the fees should be paid at the start of the period.

Constant Amount

Note: This field only displays for constant amounts.

Fixed amount.

Percentage of Guaranteed Amount

Note: This field only displays for percentage-guaranteed amounts.

Amount based on a percentage of the guaranteed amount.

Percentage of Outstanding

Note: This field only displays for caps and floors using the Percentage of Outstanding type.

Amount based on a percentage of the outstanding notional amount.

Type_EN.png

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.

Schedule_EN.png

Field

Description

Payment Date Adjustment

Adjustment mode for the payment date.

Number of Days

Number of days to move from the payment date mode selected, can be earlier or later, e.g.:

  • -2 for 2 days earlier
  • 2 for 2 days later

Day Type

  • Banking: Includes financial banking days, business days, excludes holidays and weekends
  • Calendar: Includes all days

PaymentDateAdjustment_EN.png

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

Fee_Periodic_Create_EN.png

The new periodic fee displays.

Fee_Periodic_Created_EN.png

 

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