Repayment Date Calculations
When calculating the Repayment Date, Finverity automatically evaluates three parameters that are separate, but work together.
Term | Description |
|---|---|
Tenor | Number of days from disbursement to repayment date |
Extension | Period moving the repayment date beyond the original maturity, extending the tenor |
Instrument Term | Number of days from the issue date to the final repayment date |