Improvements

• We've added a field to the Risk Rating section of the Commercial Loan Product setup called "Additional Funded Usage Given Default". This field will apply to the funded portion of the loan, and will be allowed to either be negative or to exceed 100%.

Bug Fixes

• Fixed an issue where some users without save rights were unable to print when the opportunity's updates hadn't been saved. We will now allow users without save rights to print in those instances and will show those users a confirmation letting them know their printout will display the most recently saved version of the opportunity
• Fixed an issue where the Rate Sheet auto-publish functionality wasn't working as intended
• Fixed an issue where the SOFR and Term SOFR curves were erroneously classified as "All In" rather than "Raw". Going forward, these curves will be classified as "Raw". For more information, please see 'Understanding Liquidity Adjustments'.
  • If your bank is using the 'SOFR' and 'Term SOFR' curves in funding packages with liquidity premiums (LP) to price fixed rate loan or adjustable rate loans with a repricing frequency greater than 1 month, a funded liquidity interest expense will now be applied to the cost of funds (COF) on any fixed rate loan or adjustable rate loan with a repricing frequency greater than 1 month. For floating rate loans, there will be no change in how funded liquidity interest expense is applied.
  • This will automatically affect the cost of funds (COF) on new fixed/adjustable rate loans priced using funding curves that include either the 'SOFR' and 'Term SOFR' curves with LP adjustments.  If you would like to modify the COF on previously priced fixed/adjustable rate loans to use the 'SOFR' and 'Term SOFR' curves (to which funded liquidity interest expense is applied), you will have to move the pricing date to the current day for opportunities using funding packages with this curve & LP adjustments, then back to the original pricing date.