Improvements
Updated Facility Ratings section of Product Printout
The Facility Ratings section of the Loan Product Printout has been updated to display all applicable fields based on the Facility Ratings product configuration. This includes the following updates:
- The value for the Exempt From Country Addon LGD checkbox now displays.
- The two percentages for Loan Loss and Credit Capital that are configured on the product for Loss Given Default now display, when applicable.
- The values for the Unsecured checkbox, B-III Counterparty, and the Need LTV checkbox now display, when applicable.
For more information, refer to Printing PrecisionLender Administrative Assumptions.
Modified custom COF methodology for adjustable-rate loans
The custom Cost of Funds (COF) lookup feature now provides support for adjustable-rate loans. PrecisionLender previously only used the loan term/maturity as the deciding factor in determining which duration to use to look up the COF rate, while adjustment frequency and initial fixed rate period were not taken into consideration.
Note
This change is applicable to clients who use the custom COF lookup functionality (the Lookup Type field in Funding Package assumptions is set to Loan Term).
We've made the following updates to support this feature improvement:
- The Lookup Type option of Loan Term in Funding Package assumptions has been updated with a revised label, Rate Term.
- For fixed-rate loans, the adjustment frequency or “rate term” will strictly look at maturity as it does today.
- For adjustable-rate loans, the adjustment frequency or “rate term” would be Initial rate period duration and adjustment frequency.