Overview
The concept of Financial Instrument prevails over the idea of Short, Medium or Long term.
The choice of a specific instrument, among all instruments coming standard with the platform, will be determined by its own characteristics. Screens remain the same for each instrument.
The schedule includes all events: initial, interests, amortizations, final, fees and taxes.
Cash flows are automatically posted to the Cash module upon saving transactions.
The concept of multi-periodicity is dedicated to each instrument, regardless of the principal repayment mode and the instrument’s lifetime:
Example 1
- Initial Principal = 1.000.000,00
- Interest Rate = 1%
- Periodicity = Six Months
- Duration = One Year
Schedule:
| DATE | INITIAL | INTEREST | FINAL |
|---|---|---|---|
| 01/01/YYYY | 1 000 000.00 | ||
| 01/07/YYYY | 5 000.00 | ||
| 01/01/YYYY+1 | 5 000.00 | 1 000 000.00 |
Example 2
- Initial Principal = 1.000.000,00
- Interest Rate = 1%
- Periodicity = Year
- Duration = Two Years
Schedule:
| DATE | INITIAL | INTEREST | FINAL |
|---|---|---|---|
| 01/01/YYYY | 1 000 000.00 | ||
| 01/01/YYYY+1 | 10 000.00 | ||
| 01/01/YYYY+2 | 10 000.00 | 1 000 000.00 |
