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Penalty Type

Penalty Type​

Acronym: PYTP
Identifier: penaltyType
Group: Optionality
Type: Enum
Default: O

Description​

Defines whether prepayment is linked to a penalty and of which kind.

Allowed Values​

  • No Penalty (N) (noPenalty / 0): No penalty applies.
  • Fixed Penalty (A) (fixedPenalty / 1): A fixed amount applies as penalty.
  • Relative Penalty (R) (relativePenalty / 2): A penalty relative to the notional outstanding applies.
  • Interest Rate Differential (I) (interestRateDifferential / 3): A penalty based on the current interest rate differential relative to the notional outstanding applies.