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COMMENCEMENT - Coggle Diagram
COMMENCEMENT
Concepts
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Interim period - for purchasing LE including: opening LC, paying, registering, delivering & receiving the LE
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Partial commencement
LA has many LEs, big gap of LE delivery time and some LE whose cost have been fully disbursed
Payment date, commence date, II rate, AC, Notice of AC & Repayment Schedule => Same full commencement
Base amount to bear II
= disbursed amounts - partial DP (of Lease commenced)
- Partial DP = (EC of LE commenced/ EC of all LE) x Total DP
- Partial KM = (EC of LE commenced/ EC of all LE) x Total KM
Different notes:
- AC of whole LA is separated = sum AC of all commencements
- RV of whole LA is separated = sum RV of all commencements
- 1 LA has many repayment schedules -> 1 LA has many maturity dates
LA has 1 LE/ many LEs whose cost been mostly disbursed. Last payment of PC is made after the approved II ends
Payment date, commence date, II rate, AC => Same full commencement
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- AC = EC disbursed + SC + II
- AC = EC disbursed + SC
AC, RV, Repayment Schedule is changed after last payment of PC is made and added to Outstanding Balance