Add a Usage Fee

Usage fees in Fairways Debt are calculated by taking into account the outstanding amount and the specific characteristics of the fees, such as the frequency and the index.

 

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 Usage Fee
  1. Click More > Add Usage Fee.

Transaction_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 fee.

Currency

Currency of the fee.

Note: The fee currency inherits from the transaction currency.

Fee_EN.png

Field

Description

Frequency

Frequency of the payments.

First Roll Date 

Unadjusted date of the first payment.

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.

Fee_Transaction_EN.png

Field

Description

Index 

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

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

Indexation_EN.png

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

Fee_Usage_Create_EN.png

The new usage fee displays.

Fee_Usage_Created_EN.png

 

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