System settings for interest tables

Path in CC5: System settings - Interest tables

This menu is only displayed in Complete Control if you have the related module.

You can add own interest tables and thus add periodic adjustments of payments based on the rents defined in these tables. A typical example for such an interest table are the Interbank Offered Rates ("IBOR"s). These are average rates at which banks can borrow in the interbank market and range in maturities from overnight to twelve months. They are used to set the interest rates in contracts for everything from loans and bonds to derivatives.

Tip!
The interest tables are used when adding planned adjustments to payment schedules. Read more here.

  1. Click New interest table.

  2. Enter a Name for the table. Pick a good name, as this name is important for the users when adding payment adjustments.

  3. In the very first table cell, enter the Year you want to start with, and click Add.

  4. Now, you can add the monthly rates.

  5. Repeat step 3 and 4 for all years / months you want to add.

  6. Click Save.

You can, for example, add new years to an interest table.

  1. Click Edit next to the table you want to edit.

  2. If the year has already been added, you can now adjust the monthly index rates.

  3. To add a new year, go into the last row and enter the year in the Year cell. Then click Add and enter the rates.

  4. Click Save.

Read also:

Adjustment schedule

How to register planned adjustments