How to: Deal input Leasing Loans

Created by Erik Åkerlund, Modified on Mon, 20 Feb 2023 at 02:28 PM by Erik Åkerlund

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


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