...
- Amortization setup
2.1. Multicurrency
...
After setting up the repayment schedule, the schedule can easily be transformed into loan transactions.
3.2. Automation of transactions
...
Moreover, with the mass processing functionality, interest can be calculated or removed for multiple loans at once.
3.3. Additional loan-related transactions
...
- US_30_360
- ICMA_30E_360
- ISDA_30E_360
- Actual_365_Fixed
- Actual_360_Fixed
- Actual_ISDA
Mass interest calculation and mass interest reversal is available both from the loan overview, as well as from the direct debit processing screen of the software
...
- Payments – mark as bounced
5.2. Notification runs
LMS offers a module for automatically sending out email notifications to borrowing or lending parties. An option to set multiple email and report templates is present, providing for a fully customisable notification content. Various notification types are available (i.e. Notification, Adhoc, ReminderFirst, ReminderSecond, Schedule, ReSchedule). The user can choose between sending out a notification for a specific loan, or creating a notification run for sending notifications for multiple loans at once, based on target filters.
In creating notification runs the user is required to specify the following:
...
- Attachments – Documents to be attached to the emails can be chosen per receiver, or for the notification run as a whole.
5.3. Deals & Fees
LMS allows for setting loan deals, on which pools of multiple loans can be set up. Fees can be added to the deal and can be calculated and charged automatically to either the lending or the borrowing party, or to both parties. Based on a pre-selected date, LMS can automatically calculate and process the fee transactions.
.
Using the “Fee” module, an overview of the existing fees can be seen. New fees can be added using the according command.
When setting up a new fee, the following information is required. Choices can be made for the fee type (i.e. fixed amount or percentage of outstanding principal), as well as for the party to be charged (i.e. lender, borrower, or both).
Deal transactions can be processed or cancelled, after selecting the according transaction from the overview, and using the “Deal transaction” option.
Waterfall transactions
...
With the task list module, tasks can be created and scheduled. The module provides an overview of the existing tasks, together with their completion progress. New tasks and subtasks can be added, and existing tasks can be edited or deleted, using the according commands.
When creating new tasks, various settings can be set, together with an assignee for the task. Reminder option is available per task. The level of completion can be modified by the user, depending on their progress.
5.5. Sub-transactions
Sub-transactions to be applied to the loans can be set, using the “Sub Transactions” module. When setting up a new sub-transaction, a code and description of the transactions are required.
6. Transaction import
...