Also called accrual basis or day basis. ... Amortization methods differ based upon the type of loan. Mortgage loans and securities usually have level payments of principal and interest. For such amortizations, the interest consumes most of the early payments and, therefore, principal amortization increases as the loan ages.
www.americanbanker.com/glossary.html
Portfolio Genius (PDF File)
The core system provides: • Accuracy in accrual, accretion and amortization in conformity with the current Generally Accepted Accounting Principles (GAAP) for concessions on debt, fees, premiums, discounts and accrued interest;
www.tpgsoftware.com/Portals/0/documents/Portfolio%20Gen... www.tpgsoftware.com/Portals/0/documents/Portfolio%20Genius.pdf
If you track your customers' accretion and amortization, you can use the straight line method, constant yield, percentage pay down, or a hybrid. Mix the accretion and amortization methods within the portfolio. Amortize to maturity, to call, or to average life. ... Interest Accrual...
www.mimics.com/CustomerPortfolio.aspx
Do you need to mix the accretion and amortization methods? Are you amortizing to maturity, to call, or to average life? Do you book monthly? Daily? Quarterly? The MIMICS Portfolio Management System does it all. The system interfaces with the MIMICS Back Office System ... Interest Accrual ... Accretion & Amortization Methods...
www.mimics.com/Portfolio.aspx
Insite Banking System: Real-time core banking software solutions for community banks. ... Daily accrual, accretion and amortization which are automatically calculated and interfaced to general ledger with each daily update. ... Transactions are directly entered into proof for payments of principle, interest, purchases, etc.
www.insitebanking.com/products/Integrated_Products/Inve... www.insitebanking.com/products/Integrated_Products/Investment_Securities.asp
Premium Amortization - Amortization transactions for bonds purchased at a premium operate in a fashion very similar to bond accretion, except that amortization works in the opposite direction by reducing taxes and decreasing bond cost basis.
www.captools.com/ctnet/help/bonds.htm
Accretion; The addition of principal to a fund over a period of time as the result of a plan of accumulation. Similar to amortization, except that accretion results in an increase of accounting worth, while amortization results in a decrease.
www.pimco.com/LeftNav/BondResources/Glossary/
A basic example of straight line accretion: A $1 million par value (face value) Federal ... Accrual: Accrual is the most common form of accounting, which reports income .... plus the net amortization/accretion up to that point in time. ...
www.window.state.tx.us/tspr/inv/glos1.html
To provide accuracy in accrual, accretion and amortization according to the interpretation of Generally Accepted Accounting Principles (GAAP) for concessions on debt, fees, premiums, discounts and accrued interest (calculated using various day count methods).
www.cufolio.org/Index.asp
Unlike traditional legacy systems,our technologies are fully integrated, open, flexible, customer-centric and efficient, permitting financial institutions to draw on and deliver ... Accuracy in accrual, accretion and amortization according to the interpretation of Generally Accepted Accounting Principles (GAAP).
www.ca.opensolutions.com/bsg/finaccount.aspx