Evergreen

An evergreen loan (or a deposit) is a loan that does not require the repayment of principal, also known as a revolving loan. 

In Treasury Systems  a evergreen Loan is registered as a "regular" loan with the difference that you need to set a call notice period.

Enter a Loan as normal, in the call notice period enter the period  e.g. 90 

On the loan the notice period will be shown.

The loan in  the example above, will automatically be prolonged every day, meaning that the days to final maturity is always 90 days.

To call the loan, go into the transaction tab and press call and enter the call date.

When a call is made the end date will be fixed, in this example 90 days ahead from call date, taking bank holidays in to account.

If it is an evergreen loan these columns will be affected as follows.

Days to final maturity Original - will show number of days in the call notice period + no of days from the loan begin date to balance date. If a call has been made it will calculate no days from the begin date to the called end date.

Days to final maturity Actual- will show number of days in the call notice period. If called it will show the number of days to the called end date

Fixed interest term Original - Fixed interest - the call notice period. Floating interest - the interest period

Fixed Interest term Actual - Fixed interest - Days remaining to end date. Floating interest - Days to next fixing period