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.
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Start Date |
Start date of the transaction. Note: This date cannot be earlier than the current date. |
|
Duration |
Duration of the transaction. |
|
Frequency of the interest payments. |
|
|
Amortization mode. Notes:
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|
|
Frequency of the amortization payments. Notes:
|
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Index |
Type of the index used to calculate the rate value. Notes:
|
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Revisable Period |
Frequency of the interest rate adjustments. Note: This field only displays for the revisable rate type. |
|
Floor option |
Note: This field only displays for the IBOR, RFR or revisable index. Floor option applied to the index. |
|
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. |
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B |
Sort the results. |
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C |
Enlarge a quotation for more detailed results. |
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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. |