| Item | Field | Where can I find this? | What is it? | Example |
|---|---|---|---|---|
| 1 | Owner | Fact Find input/Optimisation | For existing debts the owner is set on the Fact Find. For “New” debts, the Owner of the asset is determined by the optimisation engine. Potential owners include: Client, Partner, Joint, SMSF, Trust, Private Company. | Jane |
| 2 | Creation Type | Calculated | An asset is either “existing” or “new”. If new, the asset previously did not exist. | Existing |
| 3 | Type | Fact Find input /Assumptions | See assumptions to review | Margin loan |
| 4 | Tax Deductible Percent | Fact Find input/Default | For existing debts this percentage is set on the Fact Find. For “New” debts, the tax deductible percentage is determined by the loan type (see assumptions). | 1 |
| 5 | Interest Rate | Fact Find input/Default | For existing debt this will be passed down on the Fact Find. For new debt, the interest rate is set from the list of loan options (see debt list) | 0.07 |
| 6 | Interest Rate Per Period | Calculated | Interest rate / Repayment frequency | 0.0027 |
| 7 | Interest Only? | Fact Find input/Optimisation | For existing debts this is set on the Fact Find. For “New” debts, interest only will be determined by the list of loan options (see debt list). | FALSE |
| 8 | Fixed | Fact Find input/Optimisation | For existing debts this is set on the Fact Find. For “New” debts, fixed only will be determined by the list of loan options (see debt list). | FALSE |
| 9 | Fixed Date End | Fact Find input/Optimisation | For existing debts this is set on the Fact Find. For “New” debts, fixed end date will be determined by the list of loan options (see debt list). | 43646 |
| 10 | Existing Repayments | Fact Find input | Existing repayments per annum | 2000 |
| 11 | Repayment frequency | Fact Find input/Optimisation | For existing debts this is set on the Fact Find. For “New” debts, repayment frequency will be Optimised decision based on what is available from the list of loan options (see debt list). | 26 |
| 12 | Term Remaining | Fact Find input/Optimisation | For existing debts this is set on the Fact Find. For “New” debts, term remaining will be based on what is available from the list of loan options (see debt list). | 15 |
| 13 | Line Of Cedit Available | Fact Find input/Optimisation | For existing debts this is set on the Fact Find. For “New” debts, line of credit available will be based on what is available from the list of loan options (see debt list). | FALSE |
| 14 | Offset Available | Fact Find input/Optimisation | For existing debts this is set on the Fact Find. For “New” debts, offset available will be based on what is available from the list of loan options (see debt list). | FALSE |
| 15 | Fixed Interest Available | Fact Find input/Optimisation | For existing debts this is set on the Fact Find. For “New” debts, fixed interest available is available from the list of loan options (see debt list). | FALSE |
| 16 | Establishment costs | Optimisation | Applies to New Debts only. Amount will be determined by the list of loan options (see debt list). | 0 |
| 17 | Exit Costs | Fact Find input/Optimisation | For existing debts this is set on the Fact Find. For “New” debts, exist cost is determined by the list of loan options. | 0 |
| 18 | Ongoing Fee | Fact Find input/Optimisation | For existing debts this is set on the Fact Find. For “New” debts, exist cost is determined by the list of loan options. | 0 |
| 19 | Current Value | Fact Find input | For existing debts this is an input. For new debts, this is Optimised decision. | 150000 |
| 20 | Total Security | Asset.Debt distribution register | This is the total value of the assets that are sitting within this loan. Additional debt is visiable via the Asset.Debt distribution register. | 500000 |
| 21 | Max Debt | Calculated | This is the sum of each asset that is sitting in the loan as security x the max LVR against that asset type (see assumptions). | 400000 |
| 22 | Instant Debt Repayment | Optimised decision | Decision made by the optimisation algorithm. | 0 |
| 23 | Additional Debt | Optimised decision | Decision made by the optimisation algorithm. | 0 |
| 24 | Revised Value | Calculated | Current value – Instant Debt repayment + Additional debt repayment | 150000 |
| 25 | Repayments | Optimised decision | Repayments must be > minimum required payments (see assumptions). | 15000 |
| 26 | Deductible Interest | Calculated | (Repayment – (Revised value of debt – End Value)) * Tax deductibility | 10345 |
| 27 | End Value | Calculated | FV calculation. | 145345 |
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