• We have updated our Tax Exempt calculations to use Expected COF instead of Raw COF in our calculation. This is specifically for Tax Exempt loans priced on a floating rate basis, and will only impact clients who have configured Option Adjusted or Black 76 Cap/Floor options in their assumptions.
    • Loans with the regional assumption "Use Bank Tax Effective Yield Adjustment Factors" are not impacted.
    • This will apply to all new opportunities priced that meet the criteria above, and will also apply to existing opportunities if the pricing date is updated. 
    • Active loan accounts that meet the same criteria will also use the updated calculations, though it may take a few days or more to see these updates based on how often your bank runs RA.