 |
|
|
FASB 91 effective interest method and straight line amortization software click a page link for screen samples, price and free demo download ....
|
Loan files |
Deferred loan fees Indirect lending dealer fees Omnibus-MBS, syndicated, pooled loans |
|
Bond files |
Bond portfolios, effective interest method Bond portfolios, straight line method Bond issue, debt costs |
|
Calculators |
Loan calculator Omnibus calculator-MBS, syndicated loans Bond calculator, effective method Bond calculator, straight line Calculator Suite, all in one |
|
Services |
Free demo, lease, buy options Customizing Question? Don't see what you need? FASB 91 products home page |
|
FAQ topics |
Bond straight line vs. effective method Purchased loans Premium, discount packages Reductions to Par Fiscal year totals |
|
Bond calculator
Effective interest method page
For Purchasers and Issuers
|
|
FASB 91 compliance in seconds ....
Effective interest method rate calculation, amortization and accretion recognition schedule.
Monthly. Quarterly. Fiscal year. Calendar year.
Sample 1 of 3) Enter a premium, discount bond (comes with a separate screen to amortize bond issue costs)
Enter a bond to obtain monthly, quarterly, annual calculation and recognition
Enter par, premium and discount data
- Calculate the FASB 91 effective interest rate
- Generate monthly interest with premium or discount recognition schedule
- Posting recognition, accrual amount for a month, quarter, calendar and fiscal year
- View schedule. Print. Copy lifetime schedule to a worksheet.
Sample 2 of 3) Import a bond from a worksheet on a recurring basis
+ Omnibus for changes Import a premium, discount record with rate changes, reductions to par
Import a bond with or without changes such as to interest rate, par balance.
Changes might apply for MBS, syndicated, LSBO, secondary market, grouped originations, bundled loans as a bond, other underlying collateral.
Effective interest rate calculation, recalculation and amortization recognition schedule for bond type records with
- Rate changes
- Reductions to par, partial sale (increases, too)
- Accelerated, deferred maturity
- Additional fees, premium, discount
Effective interest rate calculation, recalculation and premium, discount recognition schedule for an instrument with changes.
Changes such as:
Reductions to par (lump or regular paydowns/partial sale)
Increases to par (additional funding/take downs)
Increase or decrease to fees (impact to premium or discount)
Coupon/package/variable rate adjustments
Maturity date change/early call
Import data plus lifetime changes from an Excel worksheet
The software recalculates the effective interest rate due to any of the above changes
The software also accelerates deferral recognition for par reduction portion
Sample 3 of 3) Import a worksheet record without changes, too.
Flexible ....
• Enter a bond to the effective interest rate calculator screen
- Municipal, corporate, government, notes, bills, bonds, agencies and other financial instruments
Other premium and discount instruments
Coupon and zero rate
- Calculate effective interest rate
- Bond amortization schedule
• Import a worksheet bond - simply copy and paste a worksheet row containing bond data
- A fast and accurate way to determine monthly premium and discount recognition to book on a recurring basis
- Easily account for changes, too
Reductions to par
Increases, additional funding
Partial sales, releases, early call
Variable, coupon rate change
Calculates initial effective interest rate
Recalculates effective rate due to changes
- Portfolios
View this page if you have a portfolio with dozens or hundreds of bonds
View this page if you have a portfolio with dozens or hundreds of bonds with changes
Ideal for one or a handful of
• Regular bonds purchased or issued at a premium or discount
Municipal, corporate, government, notes, bills .... (for bond issuers, software includes a separate screen to amortize issuance cost)
• Coupon rate or zero interest rate
• 360/365/366 days calculation basis
• Bonds comprised of smaller records
Packages (MBS, LSBO, secondary market, participations) syndicated pools, loan groups
• Other financial instruments with premium, discount, income, expense to be amortized from a beginning date to a maturity date
• For purchasers, issuers, sellers, buyers, accountants, auditors
(Need to calculate a file with hundreds, thousands of bonds each month? View our Bond File import software or Omnibus files for paydowns/rate changes)
(Not what you're looking for? Visit our FASB 91 products Home page)
Calculator output
•
Effective
interest rate
• The
Premium or
Discount amount
to be amortized
Derived by
comparing input
Price (dollar
amount or %) to
Par
Other charges,
fees and
adjustments can
also be added or
subtracted from
par to derive
Price and amount
to amortize.
• FASB 91
level yield
amortization,
accretion
schedule
consisting of
- Monthly
accrued interest
at coupon rate
- Monthly
Premium or
Discount
recognition
- Monthly
interest at
effective
interest rate
- Accumulated
Premium or
Discount
recognition
- Premium or
Discount
remaining
deferral balance
- Accretion
balance (Book
Value) as FASB
Carrying Amount:
Par + Premium
balance or Par -
Discount balance
- Running
totals furnished
by:
Quarter
Year (fiscal,
calendar)
Or suppress
quarterly,
annual
• Issue costs
Separate calculator to amortize bond issuance charges
• The software
also calculates
- Interest on
Par at the
nominal (coupon)
rate from one
date to another
- Accrued
interest from
any date to any
date
• With output
results
-
View
- Print
- Copy and
paste to Excel
or other
spreadsheet
program |
Calculator
input
Enter:
• Par or
face value
• Price or current value (Par + Premium or Par - Discount)
Enter price as
an actual dollar
amount or a
percent of Par
Select calendar
dates:
• Begin
(date to begin
amortization)
•
Maturity (date
to end,
redemption,
sale, early
call)
Select or retain
button for 360, 365, or 366
day denominator
basis
Select or retain
check box to
display or
suppress
Quarterly,
Annual running
totals
Scroll
down for price and free
software demo
....
|
|
|
|
