Need to set up Benchmarks in ASPIRE? Benchmark reflects the swap rate or cost of funds from the finance company’s funding source, for example, the Prime Lending Rate or LIBOR Interest Rate Index. The Benchmark is added to the yield and rate markup to determine the overall total yield applied to the contract, affecting the yield on the contract equipment as well as any financed fees. Want to learn more about the Benchmark Setup? Click the link and login with your password. Once you have logged in, click on the area for Administration. Then, under Economics, click the Benchmark Setup option. http://ow.ly/Ug18w
Have some other questions about ASPIRE? Visit our website at www.leaseteam.com.