Value of Options
1 - Loans have their interest fixed at drawdown for the duration of the loan at the then prevailing rate instead of the default (floating rate interest)
2 - Loans (long term debt) are only drawable on a Loan interest payment date (defined by PrdsLoan) instead of the default (drawable whenever the available cash. ST debt falls below the Threshold)
4 - External Margin is based on a snapshot of the debt balance at a margin payment date (defined by PrdsEM). Default: margin is based on the average rate over the period.
8- The External Margin is just charged on the Short Term Debt (default: charged on all debt)
16- The External Margin is just charged on the Long Term Debt (default: charged on all debt)
32- Create a debug file, a plain text .bfl file ctreated every time the calculations are run, in your Business Functions directory (usually c:program filesusiness functions)
The Options values are additive eg 3 = Fixed Loan interest only drawable on a Loan interest payment date.
Additional Output Switch(es) for LAOutput for the External Margin
The external margin is actually like any other loan and has s imilar range of outputs, evemn though the only one you are probably interested in is 41, the margin itself.
The full range of outputs are:
40 - External Margin (principle)
41 - External Margin (interest)
42 - External Margin (principle + interest)
43 - Balance - start timeperiod
44 - Balance - average in timeperiod
45 - Balance - end timeperiod