FM SFLP.Interest Only Loan Indicator

From Open Risk Manual

Definition

Interest Only Loan Indicator: An indicator that denotes whether the loan only requires interest payments for a specified period of time beginning with the first payment date.

Notes

  • Y = Yes
  • N = No.


The field belongs to the FM SFLP Template

Field Characteristics

  • FM SFLP Field Index: 37
  • Column Label: IO
  • Data Type: Boolean
  • Data Maximum Length: X(1)

Disclaimer

This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates