Refinance a Transaction

Refinancing Trade Date

Date at which the transaction has been agreed for refinancing.

Note: The refinancing trade date must be equal or later than the original transaction trade date.

Refinancing Date

Unadjusted repayment date of the refinanced transaction.

Note: The refinancing date must be equal or later than the refinancing trade date.

Repayment Type

Impacts how cash flow reports display:

1. Full with Cash Flows: All movements display, i.e. the repayment and penalty fee (if relevant) of the refinanced transaction and the new drawing of the refinancing transaction.
2. Full without Cash Flows: Only the last payment and the penalty fee (if relevant) of the refinanced transaction displays.

Prepayment Penalties

Amount of the fees paid for the repayment.

Refinance Prepayment Penalties

Include/Exclude the penalties in/from the refinancing transaction.

Note: If the penalties are included in the refinancing transaction, then the penalty fee drawing displays in the cash flow reports, even for the type without cash flows.

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).

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.

Note: Inherits from the refinancing trade date, by default. The trade date must be equal or later than the refinancing trade date.

Start Date

Unadjusted start date of the transaction.

Note: Inherits from the refinancing date, by default. The start date must be equal or later than the trade date.

End/Maturity Date

Unadjusted end/maturity date of the transaction.

Note: Inherits from the end date of the refinanced loan, by default. The end date must be later than the start date.

First Roll Date

Unadjusted date of the first payment (useful when the first period is a long or short stub).

Note: The first roll date must be later than the start date and earlier than the end date.

Availability Period

Note: This field only displays for standard loans.

Indicates if the loan includes drawings and amortization:

• No: The full principal is drawn at the start of the transaction.
• Yes, with amortization: The principal is drawn over a period of time (multiple drawdown dates) and the principal is amortizing.
• Yes, without amortization: The principal is drawn over a period of time (multiple drawdown dates).

End of Availability Period

Note: This field only displays for refinancing standard loans.

Indicates the last date at which drawings can be made.

Amortization Type

Principal depreciation over the life of the transaction.

Consolidation Start Date

Note: This field is only available for standard loans including drawings with amortization.

Indicates the date at which the amortization can start.

Note: This field only displays for CDC loans.

Construction Rate

Note: This field only displays for CDC loans with the DA amortization type.

Progress Type

Note: This field only displays for CDC loans with the DA amortization type.

Revision Type

Note: This field only displays for CDC loans with 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 CDC loans with the Double and Double Limited revision types.

Amortization Progression

Note: This field only displays for CDC loans with the ICO amortization type.

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.

Capitalized Interest

Note: This field only displays for standard loans.

Defines whether the interest amount should be paid at the payment date, or added to the principal (and included in the outstanding balance for the following periods).

In Advance Interest Payment

Note: This field only displays for standard loans.

Defines whether the interest amount should be paid at the start of the period.

If enabled:

• The initial drawing amount of the transaction is equal to the principal amount minus the interest amount.
• The repayment amount is equal to the principal amount.

If disabled:

• The initial drawing amount is equal to the principal amount.
• The repayment amount of the transaction is equal to the principal amount plus the interest amount.

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:

• Short Stub: The payment date just before the end date should be respected.
• Long Stub: The payment date just before the end date is replaced with the payment occurring at the end date.

Note: If neither stub is selected, the short stub applies by default.