Simulate Quick Quotations

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Updated October 27, 2023 08:39.

Quick quotations in Fairways Debt enable you to simulate your loan requests.

You can quote several loans in order to compare multiples proposals from one or several banks.

Prerequisites

Enable the Quick Quotation module (contact your Finance Active consultant)

Only users allowed to manage entities can save quick quotations. For further information, see Manage Organizational Permissions for a User.

Navigate to the Quick Quotation Module

Log in to your Fairways Debt account and select a customer account, if relevant.
Navigate to Applications > Debt & Derivatives > Portfolio.
Click Quick Quotation.

In this example, we log in to the Main City account.

Simulate Quick Quotations

Complete the form with all relevant details.

Note: Fields marked with an asterisk * are mandatory.

Field	Description	Options
Amount	Amount to quote and its currency. The available currencies are as follows: AUD CAD CHF DKK EUR GBP JPY NOK PLN SEK USD
Start Date	Start date of the transaction. Note: This date cannot be earlier than the current date.
Duration	Duration of the transaction.	Years Months
Payment Frequency	Frequency of the interest payments.	Monthly Quarterly Biannually Annually
Amortization Type	Amortization mode. Notes: Extra fields may display beside depending on the selected mode. This field automatically updates depending on the selected rate type.	Bullet Straight Line Progressive Custom
Amortization Frequency	Frequency of the amortization payments. Notes: This field only displays for the straight line and constant annuity amortization modes. The amortization frequency must be greater than or equal to the payment frequency.	Monthly Quarterly Biannually Annually
Index	Type of the index used to calculate the rate value. Notes: This field automatically updates depending on the selected currency and amortization type. Extra fields may display beside depending on the selection.	Fixed IBOR (if available for the currency) Fed Funds (only for USD) Revisable RFR (if available for the currency) Term RFR (if available for the currency)
Revisable Period	Frequency of the interest rate adjustments. Note: This field only displays for the revisable rate type.	2 years 3 years 5 years 10 years
Floor option	Note: This field only displays for the IBOR, RFR or revisable index. Floor option applied to the index. When an RFR index is selected, the floor option will apply to the compounded rate. The compounded rate is computed without shift and lag.
Margin (%)	Spread or margin value in percentage.

Click Add Quotation to simultaneously simulate multiple quotations at a time, if relevant.

Note: You can simulate up to 10 quotations at a time.

Click Apply.

The quotation results display.

#	Description	Options
A	Update the current data for a new simulation.
B	Sort the results.	Offered Rate Ascending Offered Rate Descending Offered Spread Ascending Offered Spread Descending Interest Amount Ascending Interest Amount Descending
C	Enlarge a quotation for more detailed results.
D	Note: This field only displays for quotations with revisable rate types. Display the rates of each period. The period count is rounded up to the upper unit: Duration / Revisable Period In this example, the first quotation includes 4 periods: = Duration / Revisable Period = 10 / 3 = 3,33 => 4

#	Description
E	Hover over data to display its accurate details.
F	Export the table to Excel.

Custom Amortization

Click Edit.

Double-click the relevant payback amount fields and enter their amounts.
Click Save.

What's Next?

Transfer a Quick Quotation to the Simulated Portfolio

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