[Story]: Refinance debt

[yellowbean]

Background

In CLO world ,the equity holder has the option to reset/refinance/reissue the transaction.

To mimic such behavior , there should be one more deal assumption to be added .

Refinance There are two types of Refinance behavior:

• reset the rates
  • pay out accrued interest
  • adjust new interest rate component
  • start to accrue int

Propose syntax

("refinance",
  ("byRate",<date>, bond name, <bond rate info>,<account>)
  .....
  )

Difference with master trustee

• it doesn't require a bond group
• it only modify current existing bonds by either rates or balance as well

[yellowbean]

3ad498a

[yellowbean]

Need to rebuild interest rate reset actions if bond convert into floater from fixed rate bond

[yellowbean]

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