Code Descriptions

Code Descriptions for Contract Information File

See the Contract Collector Manual for complete descriptions.

Interest Calculation Method (calc_mtd)

  1. Fixed length interest

  2. Variable length interest

  3. Rule of 78ths – Front loaded interest

  4. Fixed interest – Fixed principal

Number of days of interest per year (calc_days)

  1. 360 day year

  2. 365 day year

Type of interest computation (int_calc)

  1. Simple interest

  2. Compounded interest

Compounding frequencies (cpd_freq)

0. None (simple interest)

  1. Semi-monthly

  2. Monthly

  3. Bi-monthly

  4. Quarterly

  5. Semi-annual

  6. Annually

  7. Daily

Payment frequencies (pmt_freq)

  1. Weekly

  2. Bi-weekly

  3. Semi-monthly

  4. Monthly

  5. Bi-monthly

  6. Quarterly

  7. Semi-annual

  8. Annually