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SettlementRefund Type

how the fees are treated in the event of an early settlement

Union cases

Union case Description

Balance

Full Usage: Balance

the current fee balance is refunded

ProRata

Full Usage: ProRata

for original (non-rescheduled) amortisations: fees are refunded proportionately based on the current final payment day

ProRataRescheduled OriginalFinalPaymentDay

Full Usage: ProRataRescheduled OriginalFinalPaymentDay

Parameters:

for rescheduled amortisations: fees are refunded proportionately based on the original final payment day

OriginalFinalPaymentDay : int<MeasureProduct<OffsetDay, MeasureOne>>

Zero

Full Usage: Zero

fees are due in full with no discount or refund

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