Single Payment Notes

Some loans (such as bridge loans or "Term Loans") will have a single payment due at maturity, and require special consideration. This module computes these types of loans, which the industry calls single payment notes.

Sample Request

The following sample illustrates the core structure of a single payment note request. It is a request for a loan with a single advance of $10,000, accruing interest at 5.0%, with a single payment due in 12 months.

<inSINGLE_PAYMENT>
   <LoanDate>2024-11-04</LoanDate>
   <PmtDate>2025-12-04</PmtDate>
   <IntRate>5.0</IntRate>
   <Proceeds>10000.00</Proceeds>
</inSINGLE_PAYMENT>

Sample Response

The following response is returned from the SCEX when provided with the sample request above.

<?xml version="1.0" standalone="no" ?>
<!DOCTYPE outSINGLE_PAYMENT SYSTEM "outSINGLE_PAYMENT.dtd">
<outSINGLE_PAYMENT>
   <Results>
      <Description>Successful Calculation</Description>
      <Payment>10541.10</Payment>
   </Results>
   <FedBox>
      <AmtFin>10000.00</AmtFin>
      <FinChg>541.10</FinChg>
      <TotPmts>10541.10</TotPmts>
      <RegZAPR Type="Actuarial">4.976</RegZAPR>
   </FedBox>
   <Moneys>
      <Principal>10000.00</Principal>
      <Interest>541.10</Interest>
      <Protection Category="None" PerPmt="0.00" PerDay="0.00">0.00</Protection>
   </Moneys>
   <Accrual>
      <Method>Actual/365 Simple</Method>
      <Days1Pmt DayCount="Actual">395</Days1Pmt>
      <Maturity>2025-12-04</Maturity>
   </Accrual>
   <PmtStream Term="1" Pmt="10541.10" Rate="5.000" Begin="2025-12-04"/>
   <AmTable>
      <GrandTotals PmtTot="10541.10" IntTot="541.10" PrinTot="10000.00"/>
      <SubTotals Year="2025" Start="1" Events="1" PmtSub="10541.10" IntSub="541.10" PrinSub="10000.00"/>
      <AmLine Idx="1" Date="2025-12-04" BegBal="10000.00" Pmt="10541.10" Int="541.10" Prin="10000.00" EndBal="0.00"/>
   </AmTable>
</outSINGLE_PAYMENT>