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Cycle Of Principal Redemption

Cycle Of Principal Redemption​

Acronym: PRCL
Identifier: cycleOfPrincipalRedemption
Group: Notional Principal
Type: Cycle
Default: ``

Description​

Cycle according to which the interest payment date schedule will be calculated. In case PRCL is not set, then there will only be one principal payment event at MD (and possibly at PRANX if set). The interval will be adjusted yet by EOMC and BDC.

Allowed Values​

  • [ISO8601 Duration]L[s={0,1}]