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 Benchmark Setup in ASPIRE? Check out your ASPIRE Help section. You will click on the area for Administration. Then, under Economics, click the Benchmark Setup option.
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