Bullet Borrowings/Loans

Debts & Investments module enables you to set up financial instruments.

The general setup must be performed beforehand.

  1. To enter bullet transactions, select the type Bullet Borrowing or Bullet Loan in the Entities menu. The list of the potential transactions appears.

  2. Click the Create button. In the form which opens, the information to be entered is grouped in dedicated tabs.

  3. Complete the general tabs considering the following elements.

Important

Some tabs are specific to one instrument, you can find more details on the general tabs in the topic: Overview.

Interests

In the Interests tab, specify the Date from which the interests are calculated, the frequency to be applied (Month, Quarter, Six Months, Year), and the positioning as PrepaidClosed Interests paid at the beginning of the period. (beginning of period) or PostpaidClosed Interests paid at the end of the period. (end of period).

A screenshot depicting the function addressed in the current paragraph.

This tab also allows you to define the calculation basis, the calculation method and the applied Rate.

Important
  • The Predetermined option only applies to variable rates.
  • The interests calculation on Outstanding Principal – Amortization applies only if the principal repayment is set to Prepaid.
  • You can apply broken periods only if the first or last period does not match the defined periodicity.