Simulate Quick Quotations

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

 

Prerequisites

Contact your Finance Active consultant to:

At least one entity must be associated with the organization to perform a quick quotation on that entity. For further information, see Associate Entities to an Organization.

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

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

Portfolio_EN.png

Simulate Quick Quotations
  1. 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.

  • Depending on the currencies set for the account

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
  • Constant Annuity
  • 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

Rate Type

Type of the index used to calculate the rate value.

Notes:

  • Extra fields may display beside depending on the selection.
  • This field automatically updates depending on the selected amortization type.
  • Fixed
  • Floating
  • Revisable

Margin (%)

Spread or margin value in percentage.

 

Floating Rate

Notes:

  • This field only displays for the floating rate type.
  • This field automatically updates depending on the selected amount currency and the payment frequency.

Index used to calculate the interest and amortization.

 

Revisable Period

Note: This field only displays for the revisable rate type.

Frequency of the interest rate adjustments.

  • 2Y
  • 3Y
  • 5Y
  • 10Y
  1. Click Add Quotation to simultaneously simulate multiple quotations at a time, if relevant.

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

  1. Click Apply.

QuickQuotation_Simulate_EN.png

The quotation results display.

QuickQuotation_Simulated_EN.png

QuickQuotation_EN.png

#

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 include 4 periods:

= Duration / Revisable Period

= 10 / 3

= 3,33

=> 4

 

QuickQuotation_Enlarged_EN.png

#

Description

E

Hover over data to display its accurate details.

F

Export the table to Excel.

 

Custom Amortization
  1. Click Edit.

Custom_EN.png

  1. Double-click the relevant payback amount fields and enter their amounts.
  2. Click Save.
Custom_Edit_EN.png

 

What's Next?
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