Redemption Schedule
Definition
A redemption schedule contains the dates and amounts of the planned or expected redemptions for a drawable bond.
Use
Redemption schedules are needed to map drawable bonds in the system.
Structure
Redemption schedules are uniquely identified by:
The ID of the class
The name of the redemption schedule set
The short name of the redemption schedule
A redemption schedule consists of:
Dates
Effective from
date of the redemption scheduleDate of the first redemption in the schedule (this can be selected from a list proposed on the basis of the data from the related redemption schedule set).
These dates and the details for the redemption schedule set are used to determine the redemption dates and the corresponding publication data for the redemption schedule.
Redemption schedule
Adds the redemption amounts for the respective dates
Quantities
Number of redemption payments
Total redemption amount
Integration
You can assign different redemption schedules to a single redemption schedule set. The redemption schedules must have different short names and different
Effective from
dates.
The
active redemption schedule
is the schedule that has the most recent
Effective from
date within a redemption schedule set. The system sets the
Active redemption schedule
indicator on the basis of the current system date and the
Effective from
dates of the redemption schedules.
The cash flow for the class shows the planned records for the redemption flows. These are taken from the data for the active redemption schedule in the active redemption schedule set.
Example
Current date: 02/25
The following redemption schedules for redemption schedule set 'Data Provider' were assigned to class A:
'Redemption schedule 1', effective from 01/01
'Redemption schedule 2'
, effective from 02/20'Redemption schedule 3'
, effective from 06/30
This means that '
redemption schedule 2
' is the active redemption schedule.