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Ceiling and Floor Interest Rate CML

Nov 08, 2017 at 03:22 PM

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Former Member

Dear Experts,

I need to know if there is a native way within FS-CML to have SAP condition 0201 when I refereed it to PRIME to have a Floor Rate the if the Prime goes down, the loan rate won't go down for for example 0.5%:

Example:

When loan was born PRIME was 3.75 and had a Spread of 11.25 makes the total rate of 15, for example the PRIME goes down to 2.75% the new rate would be 14% but I want a floor that it never goes down more than 14.5% is there any way to make this native happen.

I also want it that if the PRIME goes up to 10% for example, the Loan should never go higher than for example 20% so I want it to be capped.

If anyone has any ideas it would be very much appreciated.

Best,

Eduardo

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