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Cycle Point Of Interest Payment

Cycle Point Of Interest Payment​

Acronym: IPPNT
Identifier: cyclePointOfInterestPayment
Group: Interest
Type: Enum
Default: E

Description​

Usually, interest is paid at the end of each IPCL which corresponds to a IPPNT value of E which is also the default. If interest payment occurs at the beginning of the cycle, the value is B.

Allowed Values​

  • Beginning (B) (beginning / 0): Interest is paid upfront of the interest period.
  • End (E) (end / 1): Interest is paid at the end of the interest period.