Penalty Type
Penalty Type
Acronym: PYTP
Identifier: penaltyType
Group: Optionality
Type: Enum
Default: O
Description
Defines whether prepayment is linked to a penalty and of which kind.
Allowed Values
- No Penalty (
N
) (noPenalty
/0
): No penalty applies. - Fixed Penalty (
A
) (fixedPenalty
/1
): A fixed amount applies as penalty. - Relative Penalty (
R
) (relativePenalty
/2
): A penalty relative to the notional outstanding applies. - Interest Rate Differential (
I
) (interestRateDifferential
/3
): A penalty based on the current interest rate differential relative to the notional outstanding applies.