Difference between revisions of "FM SFLP.Next Interest Rate Adjustment Date"

From Open Risk Manual
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== Definition ==
 
== Definition ==
 
<b>Next Interest Rate Adjustment Date</b>: For adjustable-rate loans, the month and year that the interest rate is next subject to change.
 
<b>Next Interest Rate Adjustment Date</b>: For adjustable-rate loans, the month and year that the interest rate is next subject to change.
  
 
== Notes ==
 
== Notes ==
Applicable to certain CIRT offerings.
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* Applicable to certain CIRT offerings.
 
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* The field belongs to the [[FM SFLP Template]]
The field belongs to the [[FM SFLP Template]]
 
  
 
== Field Characteristics ==
 
== Field Characteristics ==
 
* FM SFLP Field Index: 92
 
* FM SFLP Field Index: 92
* Column Label: INTEREST_RATE_CHANGE_DATE
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* Column Label: RATE_CHANGE_DATE
 
* Data Type: DATE
 
* Data Type: DATE
 
* Data Maximum Length: MMYYYY
 
* Data Maximum Length: MMYYYY

Revision as of 19:05, 16 May 2024

Definition

Next Interest Rate Adjustment Date: For adjustable-rate loans, the month and year that the interest rate is next subject to change.

Notes

  • Applicable to certain CIRT offerings.
  • The field belongs to the FM SFLP Template

Field Characteristics

  • FM SFLP Field Index: 92
  • Column Label: RATE_CHANGE_DATE
  • Data Type: DATE
  • Data Maximum Length: MMYYYY

Disclaimer

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