ADB Loans
See attached document for more details.
ADB: Actual Daily
Balance. A type of loan where the date of payment received affects the amount
of interest paid each period.
- Earnings schedule of interest set at time of booking
- The date of payment received affects the amount of interest paid each period
- Earnings are adjusted based on when each payment is received
- Contract re-amortizes as each payment is made
The attached document shows how the date a payment is received on an ADB loan affects the principal/interest split.
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