The choice of thousands

• Collection agencies
• Law offices
• Accountants
• Lenders (corporate, personal, mortgage)
• Government agencies
• SMEs and large corporations
• Insurance companies
• See also Finance, Accounting

Common collection-related calculations

• Late / unpaid accounts receivable (interest between 2 dates)
• Late / unpaid accounts receivable with regular or irregular payments made by the debtor
• Payment schedules whether regular or irregular at fixed or variable rates
• Late / unpaid judgments and court awards
• Fully compatible with Late Payment Legislations (UK, EUROPE, USA…)
• Personal and corporate loans

Standards-based

• International standards and recognized principles for the calculation of interest (Americas, Europe, Asia, Australia, Africa)
• United States banking rules (Regulation Z, Truth in Lending Act)
• European Community rules (Directive 98/7/CE)
• Canadian rules
• Day count conventions : Actual/actual (also known as Actual/365), 30/360, Actual/360, Actual/365(Fixed)
• Actuarial rule (Normal amortization), Fixed capital and Interest only

• Simple and Compound interest
• Unique (fixed) or variable interest rates
• 4-decimal-point accuracy
• Multi-currency
• Printed reports that include quarterly and /or annual and choice of the financial year-end
• Export of the data to Excel,Word, XML, RTF

Highly specialized features
(for total accuracy in Amortization)

Real-life examples of various calculations

Click to see Margill examples:

• Late / unpaid accounts receivable (interest between 2 dates)
• Late / unpaid accounts receivable with regular or irregular payments made by the debtor
• Collection of judgments and court awards
• Loan with regular payments
• Irregular loan – let’s make this fun! refund interest only, then of a fixed principal amount and a regular refund. Let’s include missed and late payments and even an NSF check!
• Loan that includes unknown future interest rates with payments adjusted as these rates become known

Fully exploit the power of Margill! Once the amortization schedule is calculated, use the right mouse click to create totally custom payment schedules: interest only, fixed principal, irregular payment amounts and dates, lump sum, missed and extra payments, variable interest rates, new principal, etc. TOTAL flexibility available ONLY in Margill

Multiple variable interest rate tables and indexation tables included – OR create your own

• All variable interest rates can be incremented (or reduced) by x% as of any date
  For example, prime + 2,5% starting November 15, 2004

Central Bank interest tables

• United-States – Discount rate (Federal reserve)
• Great-Britain – Repo rate
• Canada – Target rate (preferential)
• Australia – Cash rate
• Hong Kong – Base rate
• Europe – Key rates – Deposit facility – European Central Bank
• South Africa – Prime rate

Late tax rates

• US Internal Revenue Service (IRS) underpayments
• Canada Revenue Agency (CRA) underpayments

Legal interest rates

USA (federal post-judgement interest rates), Canada (Ontario, British Columbia, Quebec), Great-Britain, Australia, France, Belgium, Luxembourg

Indexation tables:

• Inflation rates for various countries: USA, Canada, Great Britain, Australia, France, Switzerland, Belgium, Luxembourg,
• Historical performance of Stock market indices (annual % change)
  • Dow Jones Industrial Index, S&P 500, NASDAQ, FTSE (London), Toronto Stock Exchange, Hong Kong Hang Seng, Bourse de Paris