Payables and Cash Management - EBS (MOSC)

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Term Loan in XTR with attributes

edited Aug 20, 2021 7:43AM in Payables and Cash Management - EBS (MOSC) 2 commentsAnswered

Hello Team:

When entering a Wholesale Term Money Deal in XTR, what is the setup option for LIBOR + for example, this is a floating rate (Benchmark Floating Rate = 1Month LIBOR) + 2.75%, therefore:

Month 1 all in interest rate = 3.75 (1% = 1Month LIBOR + 2.75)

Month 2 all ininterest rate = 3.25 (.5% = 1Month LIBOR +2.75)

Month 3 all in interest rate = 3.95 (1.2% = 1Month LIBOR +2.75)

I assumed to enter LIBOR 1% as the interest rate & 2.75% as the Margin. The result was incorrect, 1% being the "all-in interest rate", the "all in rate" has to be 3.75%

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