Apply an Amortization Frequency to a Transaction

After creating a transaction in Fairways Debt, you can apply an amortization frequency to your transaction, especially if it differs from the payment frequency.

Note: You can only apply an amortization frequency to:

  • Transactions associated with the straight line amortization type.
  • These specific transaction types: 
      • Standard loans
      • Subsidy loans
      • Inflated linked bonds
      • Credit facility drawings

 

Navigate to the Debt & Derivatives Application
  1. Log in to your Fairways Debt account, e.g. https://login.financeactive.com/eu., and select a customer account/organization, if relevant.
  2. Navigate to Applications Applications.png > Debt & Derivatives.

Dashboard_EN.png

 

Apply an Amortization Frequency to a Transaction
  1. Navigate to Draft.
  2. Click a relevant straight line transaction to open its profile.

Draft_EN.png

  1. Click Edit in the Amortization Type panel.

0019_EN.png

  1. Select an amortization frequency.

Notes:

  • The amortization frequency must be equal to or greater than the payment frequency.
  • The amortization frequency must be compatible with the payment frequency, i.e. the amortization dates must match the existing payment dates.
Example

If the payment frequency is quarterly, the amortization frequency cannot be triannual, but it can be biannual.

Month

Quarterly Payment

 Triannual Amortization

Biannual Amortization

January

     

February

     

March

   

April

 

 

May

     

June

 

July

     

August

 

 

September

   

October

     

November

     

December

  1. Click Apply.

Amortization_Edit_EN.png

The amortization frequency applies to the transaction schedule.

Schedule_EN.png

 

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