Prepayment Effect
Prepayment Effect
Acronym: PPEF
Identifier: prepaymentEffect
Group: Optionality
Type: Enum
Default: N
Description
This attribute defines whether or not the right of prepayment exists and if yes, how prepayment affects the remaining principal redemption schedule of the contract
Allowed Values
- No Prepayment (
N
) (noPrepayment
/0
): Prepayment is not allowed under the agreement. - Prepayment Reduces Redemption Amount (
A
) (prepaymentReducesRedemptionAmount
/1
): Prepayment is allowed and reduces the redemption amount for the remaining period up to maturity. - Prepayment Reduces Maturity (
M
) (prepaymentReducesMaturity
/2
): Prepayment is allowed and reduces the maturity.