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For fixed interest rate loans, the nominal interest rate can be adjusted by changing the interest rate. This results in a new payment plan with a corresponding adjustment of the instalment amounts while retaining the term |
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of the deal |
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A preview of the new loan instalment expected is provided (in the diagram below ‘Capital Change’) when the user enters a nominal interest rate and exits the field.
After the data have been entered, the change to the deal is shown by clicking on "Execute” and confirming by clicking on 
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The change to the interest rate agreement is displayed
- in the payment plan
- in the side index for the interest rate agreement
- in the side index for repayments/annuities
- for business transactions.
Display of the new interest rate agreement in the side index for interest rate agreements:
Display of the new annuity in the side index for repayments/annuities:
The trigger for the business transaction for the changes to interest rates is documented in the appropriate side index:
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For variable interest rate loans, the interest rate fixing rules can be adjusted by changing the interest conditions. This includes, for example, the reference rate source as well as the term of the deal, a factor on the reference interest rate, and surcharges or reductions on the reference interest rate. |