Add an Additional Index for a Loan Order

When you create a purchase order in Fairways Debt, a default index is set for the loan orders which will be created in that purchase order.

However, you can define more indexes for these loan orders.

  1. Contact your Finance Active consultant to:
  • Enable the Purchase Order transaction type
  • Associate your user with the relevant role to be able to create purchase orders
  1. Create a purchase order


Navigate to the Debt & Derivatives Application
  1. Log in to your Fairways Debt account.
  2. Select a customer account.
  3. Navigate to Applications Applications.png > Debt & Derivatives.


Add an Additional Index to a Loan Order
  1. Open a purchase order either in the actual or the draft portfolio.
  2. Navigate to Overview.
  3. Click Add Index.


  1. Complete the form with all relevant details.

Note: Fields marked with an asterisk * are mandatory.

Field Description

Name of the index used to calculate the rate value, e.g. FIXED for fixed rate.

Note: The field beside displays depending on the index selected.

Interest Rate

Fixed rate value in percentage.

Note: This field only displays for fixed indexes.

Initial Interest Rate

Initial rate of the custom index.

Note: This field only displays for the custom index.

Spread Spread (or margin) value in percentage.
Day Count Used to compute the day fraction of an interest accrual period.
Frequency Frequency of the payments.


  1. Click Apply to add the index.

The additional index for loan orders displays. When the borrower creates a loan order in that purchase order, this index is then available in the creation form.


Note: The list of indices shows a column named “Currently Used” which indicates whether the index has already been selected in a loan order or not. An index being used in a loan order can neither be modified nor deleted.

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