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Index & Margins field group

Navigation:  Loans > Loan Screens > Account Information Screen Group > Consumer Line-of-Credit Screen > Rate Information tab >

Index & Margins field group

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This field group displays index & margin information for the customer line-of-credit (LOC) loan account.

 

laicloc_indexmargins

 

To learn more about how LOC loans function, see the Line-of-Credit Loan Information help page.

 

The fields in this field group are as follows:

 

Field

Description

Interest Rate

 

Mnemonic: LNRATE

This field displays the current interest rate on the loan.

Payment Rate Pointer

 

Mnemonic: RTCL34

This field displays the current rate pointer on the loan, as set up on the Loans > System Setup Screens > Interest Rate Tables screen.

Last Index

 

Mnemonic: LNAPIN

This field displays the most recent index rate used on the loan. The interest rate Margin is added to or subtracted from this rate to determine the actual loan Rate. For delinquent loans, this value does not match the rate for the delinquent payment. It displays the rate as if the loan were current. To see the rate for the delinquent payment you must look in loan history.

Interest Offset/Margin

 

Mnemonic: LNROFF

This field displays the percentage is used in conjunction with the Rate Pointer and Index to calculate a new loan rate.

Round Rate/To Nearest

 

Mnemonic: LNRDUP/LNRRND

These fields indicate how the Rate is rounded each time it changes on the loan. Loans can be rounded Up, Down, or To Nearest.

Prime Lower/Upper Limits

 

Mnemonic: LNPLSO

These fields indicate the minimum and maximum rates allowed on the loan after adding the Index and the Margin.

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