How to: Deal input Leasing Loans

This form is used to enter Leasing Loans.

Step-by-step guide

1. Go to Deal input/ Leasing Loans
2. Create a new contract

3. Choose a name and press OK. The new contract Wizard will be shown. Enter Legal entity, counterpart and base data concerning the loan. Complete the registration by adding portfolio codes.

   	Description
   Annuity method	If checked the annuity method is used to calculate amortisations. Used in conjunction with the field Annuity amount.
   Advanced payment	If checked payments are done in advance
   Bank Holidays R..	Add extra bank holiday calendars. Default bank holiday calendars: Currency of the deal and the local currency of the entity.
   Calculate amortisati...	Calculate Annuity / Amortisation amount based on entered static data
   No trans	Not used.
   L D	Enter L for a Loan, D for a Deposit.
   Cur	Select currency from list box
   Begin / End	Enter the begin date (value date) and end date (Final maturity date) for the contract.
   FX rate	FX rate against Legal entity accounting currency.
   B day convention	Decides how to treat transactions falling on a bank holiday. Following - If payment is due on a bank holiday the date is moved forward to the next valid bank day. Mod follow - If the payment is due on a bank holiday the date is moved forward to the next valid bank day. But if it is a new month the date is moved back to the first preceding valid bank day. Preceding- payment date is moved back to previous valid bank day. IMM- the third Wednesday in each quarter
   Adj	If checked maturity date and payment date are adjusted according to B day convention. If not checked only payment date is adjusted.
   Capital amount	This is the capital amount per start of period. The amount you enter is automatically set to minus if it is a liability leg.
   Residual amount	Residual balance after the last payment is made
   Annuity/ Amortisation	Depending on which , if any, checkbox is field in. If the field is grey, it is a bullet loan and the final repayment should be the same as the capital amount and is field in automatically.
   T (Amortisation)	If checked other cost/revenues is calculated as VAT and with holding tax based on the amortisation amount.
   Oth C/R % / Oth C/R amount	Enter % other costs/revenues or an absolute amount
   T (Interest)	If checked other cost/revenues is calculated as VAT and with holding tax on the interest amount.
   Oth C/R % / Oth C/R amount	Enter % other costs/revenues or an absolute amount
   Type	Enter if interest rate is Fixed or Variable
   Period	Enter the period (for interest and amortisation payments)
   Interest Conv	Enter the convention relevant for the instrument. If “Act/365” is specified, the actual number of days in the Calculation Period or Compounding Period in respect of which payment is being made divided by 365; If “Act/360” is specified, the actual number of days in the Calculation Period or Compounding Period in respect of which payment is being made divided by 360; If “30e/360” or “Eurobond Basis” is specified, the number of days in the Calculation Period or Compounding Period in respect of which payment is being made divided by 360 (the number of days to be calculated on the basis of a year of 360 days with 12 30/day months, without regard to the date of the first day or last day of the Calculation Period or Compounding Period unless, in the case of the final Calculation Period or Compounding Period, the Termination Date is the last day of the month of February, in which case the month of February shall not be considered to be lengthended to a 30/day month). If “30u/360” or “Eurobond Basis” is specified, the number of days in the Calculation Period or Compounding Period in respect of which payment is being made divided by 360 (the number of days to be calculated on the basis of a year of 360 days with 12 30/day months.                 Each month is assumed to have 30 days, with an exception that if the last day is the 31st and the first day is not 30th or 31st then that month has 31 days  ACT/ACT ICMA if you choose ACT/ACT you can check ICMA. ICMA means that all coupon payments are the same amount
   Base interest	Enter interest base for example STIBOR3M. Just an information field.
   Base Int%	Enter interest rate without spread for the transaction
   Spread +/- %	Margin which will be added to the Base Int %
   Interest %	Enter interest rate including spread for the transaction
   First Roll d	Date for the first payment
   LDOP	If checked, roll date will be last day of period
   Fix days	Number of fixing days ( business days). Default is is set to 2 days.
   Bank acc 1/ Bank acc 2	Specifies the bank account used on value date ( bank acc 1) and maturity date ( bank acc 2). Note! if bank acc 2 is omitted  bank acc 1 will be used on maturity date.
   Payments section	Special cases
   Type	Type of payment schedule: Normal, Extra Amort, Skipped, Interest only
   Before	Number periods before "Extra amort" payment
   In each	Number of payments with "Extra amort" payment(s)
   Between	Number of periods between "Extra amort" payment(s)
   Amount	Enter extra amount