Repayment 
Repayment
Use
You map loan repayments in the system by assigning a repayment type in the condition header for the loan and entering the corresponding condition type.
The following repayment types are available:
Repayment type |
Short text |
Remarks |
1 |
Maturity |
Repayment at the end of the term |
2 |
Instalment |
Equal repayment amounts distributed over the full term |
3 |
Annuity |
The sum of interest payment and repayment amounts (annuity) is constant. Over time, the structure of the annuity changes. The interest amount falls, while the repayment amount increases. The exact structure depends on the arrangements for repayment settlement.
|
4 |
Perpetual annuity |
Not supported for loans. |
5 |
Others |
|
6 |
Annuity (imputed) |
Neither partial disbursements nor repayments are included for the annuity calculation. See also: Imputed Annuity Repayment Calculation |
The resulting condition type are as follows:
Procedure
If you have not selected a repayment type in the condition header, no repayment entries are required. As soon as you have selected a repayment type, you must enter the corresponding condition item.
Final Repayment
1. In the condition header, choose repayment type 1 (maturity).
2. You do not need to enter a condition item. When you save the condition data, the system creates the condition item Final repayment automatically using the date from the condition header (end of term).
Instalment repayment
1. In the condition header, choose repayment type 2 (instalment).
2. Choose Insert additional items and select the condition type Instalm.repmnt.
3. Enter the Eff. from date.
4. Enter a percentage rate or an amount.
If you enter a percentage rate, the system calculates the repayment amount on the basis of the percentage rate, the repayment frequency and the loan amount. This instalment amount is calculated once and remains constant throughout the term of the loan.
If you enter an amount, this amount is taken to be the instalment.
This instalment is seen in the context of the specified frequency. The instalment payment is effective from 08/01 and you want to make monthly repayments of 1,500 USD. The first calculation date and due date is 09/01. The first instalment amount is therefor 1,550 USD.
5. Enter the frequency.
6. Enter the calculation date and the due date.
7. If you activate the IS (immediate settlement) indicator, the system settles each repayment flow as at the payment date (due date).
If you do not activate this indicator and have not entered a separate condition item for repayment settlement, the system prompts you to enter the relevant data.
Annuity repayment
1. In the condition header, choose repayment type 3 or 6 (annuity).
2. Choose Insert additional items and select the condition type Ann.repmnt sttlmnt.
3. Enter the Eff. from date.
4. Enter a percentage rate or an amount.
If you enter a percentage rate, the system calculates the annuity on the basis of the percentage rate, the frequency and the loan amount. The annuity repayment amount is calculated by deducting the interest payment from the annuity.
5. Enter the frequency.
6. Enter the calculation date and the due date.
7. If you activate the IS (immediate settlement) indicator, the system settles each repayment flow as at the payment date (due date).
If you do not activate this indicator and have not entered a separate condition item for repayment settlement, the system prompts you to enter the relevant data.
Unscheduled repayment
If part or all of the loan is paid back before it is due, you can use the condition type unscheduled repayment.
In most cases, unscheduled repayments are entered using the manual posting function.
1. Choose Insert additional items and select the condition type Unsched. repayment.
2. Enter the Eff. from date.
3. Enter the repayment amount, the calculation date and the due date.