ASC-310-20 file amortization software  



 Financial Data Support Systems, Inc. 
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  ASC-310-20, Prospective, Retrospective
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Prospective, Retrospective
amortization software under FASB ASC-310-20
for your PC or network sharing system



When a balance is reduced by other than a scheduled amount,
a new effective interest rate need be calculated, the new
effective rate applied to prior recognition periods and the
difference between prior and newly calculated recognition
be included within current month income or expense as
well as an adjustment to book value, carrying balance.



Detail audit schedule for each record
Hard to find
Accounting Software





Prospective, Retrospective amortization software
for a file with multiple records


ASC-310-20 effective interest method amortization which adjusts net investment when actual prepayment activity is different
from anticipated prepayment activity.  Cash flow effective rate adjustments are compared to prior general ledger postings and
reflected in current month as
     •  P&L debit or credit with offset to
     •  Balance Sheet book value, carrying balance, cost basis


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     •  Highlights
     •  Price
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Complete accounting and reporting for dozens, hundreds, thousands of records at the same time
     •  Effective interest rate calculations
     •  Premium amortization
     •  Discount accretion
     •  Deferred income and expense
     •  Amortize and account for 1 to 4 unique deferrals per record
     •  General ledger reports and monthly postings
     •  Automatically adjusts net investment when actual prepayment activity is different from anticipated
         prepayment activity using Prospective and Retrospective recognition
     •  Auditing tools



An ideal solution for
     •  MBS portfolio
     •  GNMAs, CMOs, other syndicated loans, pools
     •  LSBO
               Participations
               Whole loan packages
     •  Other packaged loans
     •  Non-conforming individual loans
     •  Commercial and other loans
     •  Other premium and discount investments with structured or fluctuating payback



Anticipated Repayment Activity can be established as
     •  P&I amortizing
               P&I assigned by you or
               P&I calculated by the system to establish a forecasted cash flow
                    Typically for MBS and other unknown repayment schedules
               P&I, at your option, can also be recalculated by the software with each cash flow adjustment
     •  Interest only:
               As interest only and with
               Principal payments of a constant amount (e.g., $25,000 every three months)
     •  Balloons:
               Interest only with a balloon
               P&I over balloon period
               P&I over longer term such as 5 year balloon with 30 year P&I
               P&I over average portfolio life
     •  CPR - Conditional Prepayment Rate
                % reduction of remaining principal balance, such as 8.3% of this month's balance, then 8.3% of next month's balance
                CPR is typically excluded from Prospective, Retrospective calculations because "repayment" is not cash activity
  











Also see  FASB 91 Loan fees software 

















































                                          CUSTOM SOFTWARE and SERVICES


Unique situation?  Unusual records?  New type of fees?
Different file layout?  File source?
Special internal or regulatory report?

Different configurations of the software or other products we offer may already meet your needs.
If not, we can write custom code and embed your private module within the existing nuts and bolts portion of the software.

For more information, please view Custom Software and Services

 











                                PRICE PAGE AND FREE DEMO


Price page and free demo
Click to open and view Price page
Request a free demo from the price page.
       •  Nothing to install
       •  Create a temporary folder
       •  Unzip a file
       •  Run the program
       •  Delete folder when done


For more information, please contact us.

Call 1-800-245-8444 or email Support@fdssi.com






 
 
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