Following validations are performed while specifying the rate for the new reset period:

• Current reset date is the Next reset date of the previous revision.
• Next Rate reset date is mandatory.
• Current Reset Date <= Reset Value date<=Next Reset Date
• During rate revision, RCHG event is triggered for resetting value date and rate and during batch if the new rate reset value date is in the future, RTFX event is triggered. Its triggered online if the rate reset value date is back valued or current dated.

Following validations are performed while amending the current reset period:

• Reset value date is allowed for modification only if the reset value date is in the future.
• Next Reset Date is allowed for modification.
• Rate change is allowed if reset value date is greater than or equal to the Last paid schedule date or value date whichever is later.
• Current Reset Date <= Reset Value date<=Next Reset Date

During the rate amendment, RTAM event is triggered. After the first authorization of the Loan Contract, the Rate revision method of the Floating Periodic type of Loans can be changed through Value Dated Amendment (VAMI).