Apply a deferred amortization to CDC loans in Fairways Debt, using the amortization-free periods.
<cdcLoan>
<phases>
<phase>
<cdcAmortization>
<amortizationFreePeriods>
<numberOfPeriods>...</numberOfPeriods>
</amortizationFreePeriods>
</cdcAmortization>
</phase>
</phases>
</cdcLoan>
Tag |
Item |
Description |
---|---|---|
amortizationFreePeriods |
Main |
Amortization-free period(s) to apply. |
numberOfPeriods |
Secondary |
Number of periods with no amortization. |
To apply an amortization-free period to CDC loans <cdcLoan>:
- Add the <amortizationFreePeriods> tags in the <cdcAmortization> tags of a CDC loan.
<cdcLoan>
<phases>
<phase>
<cdcAmortization>
<amortizationFreePeriods>
</amortizationFreePeriods>
</cdcAmortization>
</phase>
</phases>
</cdcLoan>
- Add the <numberOfPeriods> tags in the <amortizationFreePeriods> tags.
<cdcLoan>
<phases>
<phase>
<cdcAmortization>
<amortizationFreePeriods>
<numberOfPeriods></numberOfPeriods>
</amortizationFreePeriods>
</cdcAmortization>
</phase>
</phases>
</cdcLoan>
- Enter the number of periods with no amortization.
In this example, we define 4 amortization-free periods.
<cdcLoan>
<phases>
<phase>
<cdcAmortization>
<amortizationFreePeriods>
<numberOfPeriods>4</numberOfPeriods>
</amortizationFreePeriods>
</cdcAmortization>
</phase>
</phases>
</cdcLoan>
The principal remains null during 4 periods.