Add a new Revolver Asset Class

[yellowbean]

Revolver in real world

which is a line of credit, when a loan get repaid. User will draw a new loan in the future , as long as the new outstanding balance stays below the line of credit.

The term/rate/balance may be different than original loan.

What is Revolver ?

Revolver is abstract container , which contains

• a single asset
• optional maximum/min balance
• optional maximum/min yield(rate)
• optional maximum/min term
• optional end of day

Scope

but the repayment type/interest type may stay same

Refactor on lease

lease is actual a type of revolver. if revolver has been implemented, the code to generate new lease will be unified

Assumption

Assumption how to generate new assets ?

• new start date
  • by day gaps ?
  • by period? ( Month/Weekly )
• balance : how much to be draw ?
  • by same ?
  • increase ? /decrease with rate till a stop balance
• new interest rate :
  • stay same ?
  • go maxi rate ? go lowest rate ?
• term
  • stay same ?
  • go max term ? or min term ?
• when the new draw ends ?
  • by number of times ?
  • by a end date ?

how existing performance stress being used in new assets ?

• probably a separate assumption like revolving assumption

[yellowbean]

The problem is: Is Revolver an Asset ? as it may draw multiple times, which during the lifetime , the total cashflow generated is uncertain.

[yellowbean]

I don't think it is Asset by definition of Accounting , closing for now