INTEREST_CALCULATION_RULE
Type : CLOSING_INTEREST_CALCULATION_RULE_Type

Attributes
_ID
InterestCalculationBasisDaysInPeriodTypeThe length of the payment period used to calculate interest.
InterestCalculationBasisDaysInPeriodTypeOtherDescriptionA free form text field used to collect additional information when Other is selected for the Interest Calculation Basis Days In Period Type.
InterestCalculationBasisDaysInYearCountThe number of days in a year to be used for a loans interest calculation. Commonly used for Daily Simple Interest and other loans where interest due is calculated monthly.
InterestCalculationBasisTypeDefines the loan balance upon which the interest is calculated.
InterestCalculationBasisTypeOtherDescriptionA free form text field used to collect additional information when Other is selected for the Interest Calculation Basis Type.
InterestCalculationEffectiveDateThe date on which the interest calculation formula goes into effect.Used on Attribute Tag Type Suffixes: date, DateTime, Year
InterestCalculationEffectiveMonthsCountThe number of months that the interest determination method is in effect.Used on Attribute Tag Type Suffixes: AcreageNumber, Count, Days, Months, Percent, PeriodNumber, Term, Units, Years, YearsOnJob
InterestCalculationExpirationDateThe last date on which the interest calculation formula is in effect.Used on Attribute Tag Type Suffixes: date, DateTime, Year
InterestCalculationPeriodAdjustmentIndicatorIndicates that the interest calculation period is adjusted.
InterestCalculationPeriodTypeDescribes the length of the interest accrual period.
InterestCalculationPurposeTypeSpecifies the purpose of the interest calculation.
InterestCalculationPurposeTypeOtherDescriptionA free form text field used to collect additional information when Other is selected for the Interest Calculation Purpose Type.
InterestCalculationTypeDefines the method used to calculate the interest on the loan.
InterestCalculationTypeOtherDescriptionA free form text field used to collect additional information when Other is selected for the Interest Calculation Type.
InterestInAdvanceIndicatorIndicates that interest is accrued in advance. A value of false indicates interest in arrears.
LoanInterestAccrualStartDateThe date that interest begins to accrue for a loan.Used on Attribute Tag Type Suffixes: date, DateTime, Year

Parents
\LOAN\_APPLICATION\LOAN_PRODUCT_DATA