FinerEdge Amortization Calculator Feature List

• Any cash flow event can be set on any date, including interest rate changes, even if the change results in odd-periods or uneven cash flows. Any type of skipped or alternate principal scenarios are possible. Multiple overlapping streams on any date are fully supported.
• Original cash flow events are preserved (i.e., not merged) so that "What-if?" questions can be easily asked (e.g., annual or monthly bump on top of monthly payments, etc.).
• Multiple compute methods Actuarial (Normal Rule), Simple Interest (U.S. Rule) and Rule-Of-78 can be used within the same cash flow.
• Separate principal and interest compounding period lengths supported are 1-year, 6-months, 4-months, 3-months, 2-months, 1-month, Half-month, 4-weeks, 2-weeks, 1-week, 1-day and Continuous. Multiple interest period lengths can be used within the same cash flow. Supports "effective" period-lengths (e.g., Canadian loans).
• Bond day counts supported are Actual/Days-in-year, Actual/Actual (ISMA), Actual/Actual (AFB), Actual/365L (ISDA), 30/Days-in-year, 30E/Days-in-year and 30E+/Days-in-year. Multiple day count methods can be used within the same bond.
• End-of-month, Variable days in year, Nominal, Effective, Periodic and Daily rates, Active and Passive Current values, Present Value demarcation.
• Unlimited statistics and totals can be used to collect and report on totals within the cash flow (annual, quarterly, trimester, 4-week, 2-year or any length of period desired by the user).
• Calculations are always completely accurate in all cases. No strange rounding problems and messages, which can result in the mis-allocation of funds and produce inaccurate information.
• Instant results with expanded amortizations, compressed amortizations, annuity summaries and status information constantly displayed.
• Optionally insert disclosure comments, tax codes, GL codes, etc. for all types of events within the cash flow.
• Rounding options include Banker's rounding, precise rounding with a bias up or down, round up, truncate, and no rounding. Also, rounding can occur by an implied or explicitly given number of decimal digits or as a fraction expressed as a decimal (e.g., .5, .25, .125. etc.)

• Customizable with visual templates facility and expressions builder to meet your exact information, calculation, and look and feel requirements.
• Interest-only, Interest and fixed, Step amount, Graduated amount, Existing fixed, Points, Fees, Pre-paid interest, Taxes and virtually any type of custom event you can think of.
• Transforms cash flows to quickly calculate purchase price, pay price etc. to determine fair market value of a financial instrument even if it's a discounted, split-funded, partial or uneven cash flow.
• Merge cash flows for debt consolidation or refinancing.
• Split events to apply different interest rates to portions of a financial instrument.
• Combine split mortgage for overall payment schedule and APR.
• Built-in date calculator handles forward and backward dates, as well as periods or varying lengths.
• Printed reports with summary information, charts and amortization tables complete with custom headers and footers that contain your company name and logo.
• Complete charting with control of colors, components and number of annuities to be charted for clear illustration.
• Custom XML or delimited exports for spreadsheet, report writers, etc.
• Enterprise XML exports to financial exchange hubs or home office.

• Modern cross-platform Java solution.
• XML-based with support for all popular encodings on both input and output.
• Standards-based with Unicode text and ISO compliance for language, country, and currency.
• Easily internationalized (no programming involved) for different languages, dates, currencies and number formats.