How to enter Calculated fees (depending on another deal)

Created by Erik Åkerlund, Modified on Wed, 07 Feb 2024 at 01:05 PM by Jenny Johansson

All types of calculated fees that depend on another deal e.g. loan. Note, the calculated fee needs to have the same start and end date as the underlying loan.

  1. New deal / Calculated fee
  2. Enter Legal entity and Counterparty (mandatory field. 
  3. Select base currency
  4. Deal date: when the contract was signed 
  5. Begin date: first calculation date 
  6. End date: last calculation date 
  7. Payment period: how often is the calculated fee paid
  8. First payment roll date: when should the first payment be made
  9. Payment offset: Enter a date code e.g. 2bd if the payment date should be adjusted additionally to the payment period. E.g. Payment period 3M Payment offset 2BD the payment date will be adjusted 3M+2BD. 
  10. TAB Date setting choose the interest convention and different settings depending on how the fee should be calculated and payment date adjusted. 
  11. TAB Related deals: Click on + new relation enter the Deal ID for the related deal. 
  12. Tab Fee Setup: If a fee percentage on outstanding loan should be applied. Enter a percentage in Amount and choose TotalNomnialAmount, TotalInterestAmount or TotalRepayment. If a more advanced criteria is needed tick Condition and type the amount rule. 
  13. Click save to create fee transactions in TAB transactions.

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