{
  "kind": "hypothetical_not_issuer_calibrated",
  "loans": [
    {
      "id": "par_bullet",
      "label": "Par issue with bullet principal",
      "result": {
        "status": "complete",
        "missing": [],
        "investorPurchasePrice": 100000000,
        "borrowerNetProceeds": 100000000,
        "upfrontThirdPartyFeeUsd": 0,
        "weightedAverageLifeYears": 4,
        "nominalTermYears": 4,
        "totalInterest": 32000000,
        "investorAnnualRate": 0.07999999999999996,
        "borrowerAnnualRate": 0.07999999999999996,
        "investorNpvResidual": 1.4901161193847656e-8,
        "borrowerNpvResidual": 1.4901161193847656e-8,
        "cashflows": [
          {
            "year": 1,
            "openingPrincipal": 100000000,
            "annualCouponRate": 0.08,
            "interest": 8000000,
            "principal": 0,
            "totalPayment": 8000000
          },
          {
            "year": 2,
            "openingPrincipal": 100000000,
            "annualCouponRate": 0.08,
            "interest": 8000000,
            "principal": 0,
            "totalPayment": 8000000
          },
          {
            "year": 3,
            "openingPrincipal": 100000000,
            "annualCouponRate": 0.08,
            "interest": 8000000,
            "principal": 0,
            "totalPayment": 8000000
          },
          {
            "year": 4,
            "openingPrincipal": 100000000,
            "annualCouponRate": 0.08,
            "interest": 8000000,
            "principal": 100000000,
            "totalPayment": 108000000
          }
        ],
        "basis": "Equal one-year periods; scheduled full payment; annual effective cash-flow rate; no default, prepayment, tax or refinancing"
      }
    },
    {
      "id": "discount_bullet",
      "label": "Issue at 97 with bullet principal",
      "result": {
        "status": "complete",
        "missing": [],
        "investorPurchasePrice": 97000000,
        "borrowerNetProceeds": 97000000,
        "upfrontThirdPartyFeeUsd": 0,
        "weightedAverageLifeYears": 4,
        "nominalTermYears": 4,
        "totalInterest": 32000000,
        "investorAnnualRate": 0.08924471296848446,
        "borrowerAnnualRate": 0.08924471296848446,
        "investorNpvResidual": 0,
        "borrowerNpvResidual": 0,
        "cashflows": [
          {
            "year": 1,
            "openingPrincipal": 100000000,
            "annualCouponRate": 0.08,
            "interest": 8000000,
            "principal": 0,
            "totalPayment": 8000000
          },
          {
            "year": 2,
            "openingPrincipal": 100000000,
            "annualCouponRate": 0.08,
            "interest": 8000000,
            "principal": 0,
            "totalPayment": 8000000
          },
          {
            "year": 3,
            "openingPrincipal": 100000000,
            "annualCouponRate": 0.08,
            "interest": 8000000,
            "principal": 0,
            "totalPayment": 8000000
          },
          {
            "year": 4,
            "openingPrincipal": 100000000,
            "annualCouponRate": 0.08,
            "interest": 8000000,
            "principal": 100000000,
            "totalPayment": 108000000
          }
        ],
        "basis": "Equal one-year periods; scheduled full payment; annual effective cash-flow rate; no default, prepayment, tax or refinancing"
      }
    },
    {
      "id": "discount_amortizing",
      "label": "Issue at 97 with equal principal repayment",
      "result": {
        "status": "complete",
        "missing": [],
        "investorPurchasePrice": 97000000,
        "borrowerNetProceeds": 97000000,
        "upfrontThirdPartyFeeUsd": 0,
        "weightedAverageLifeYears": 2.5,
        "nominalTermYears": 4,
        "totalInterest": 20000000,
        "investorAnnualRate": 0.09431308536118321,
        "borrowerAnnualRate": 0.09431308536118321,
        "investorNpvResidual": -2.9802322387695312e-8,
        "borrowerNpvResidual": -2.9802322387695312e-8,
        "cashflows": [
          {
            "year": 1,
            "openingPrincipal": 100000000,
            "annualCouponRate": 0.08,
            "interest": 8000000,
            "principal": 25000000,
            "totalPayment": 33000000
          },
          {
            "year": 2,
            "openingPrincipal": 75000000,
            "annualCouponRate": 0.08,
            "interest": 6000000,
            "principal": 25000000,
            "totalPayment": 31000000
          },
          {
            "year": 3,
            "openingPrincipal": 50000000,
            "annualCouponRate": 0.08,
            "interest": 4000000,
            "principal": 25000000,
            "totalPayment": 29000000
          },
          {
            "year": 4,
            "openingPrincipal": 25000000,
            "annualCouponRate": 0.08,
            "interest": 2000000,
            "principal": 25000000,
            "totalPayment": 27000000
          }
        ],
        "basis": "Equal one-year periods; scheduled full payment; annual effective cash-flow rate; no default, prepayment, tax or refinancing"
      }
    },
    {
      "id": "discount_amortizing_fee",
      "label": "Same amortization plus a one million dollar third-party fee",
      "result": {
        "status": "complete",
        "missing": [],
        "investorPurchasePrice": 97000000,
        "borrowerNetProceeds": 96000000,
        "upfrontThirdPartyFeeUsd": 1000000,
        "weightedAverageLifeYears": 2.5,
        "nominalTermYears": 4,
        "totalInterest": 20000000,
        "investorAnnualRate": 0.09431308536118321,
        "borrowerAnnualRate": 0.09924888269319732,
        "investorNpvResidual": -2.9802322387695312e-8,
        "borrowerNpvResidual": 2.9802322387695312e-8,
        "cashflows": [
          {
            "year": 1,
            "openingPrincipal": 100000000,
            "annualCouponRate": 0.08,
            "interest": 8000000,
            "principal": 25000000,
            "totalPayment": 33000000
          },
          {
            "year": 2,
            "openingPrincipal": 75000000,
            "annualCouponRate": 0.08,
            "interest": 6000000,
            "principal": 25000000,
            "totalPayment": 31000000
          },
          {
            "year": 3,
            "openingPrincipal": 50000000,
            "annualCouponRate": 0.08,
            "interest": 4000000,
            "principal": 25000000,
            "totalPayment": 29000000
          },
          {
            "year": 4,
            "openingPrincipal": 25000000,
            "annualCouponRate": 0.08,
            "interest": 2000000,
            "principal": 25000000,
            "totalPayment": 27000000
          }
        ],
        "basis": "Equal one-year periods; scheduled full payment; annual effective cash-flow rate; no default, prepayment, tax or refinancing"
      }
    },
    {
      "id": "benchmark_plus_100bp",
      "label": "Assumed benchmark one percentage point higher in every year",
      "result": {
        "status": "complete",
        "missing": [],
        "investorPurchasePrice": 97000000,
        "borrowerNetProceeds": 97000000,
        "upfrontThirdPartyFeeUsd": 0,
        "weightedAverageLifeYears": 2.5,
        "nominalTermYears": 4,
        "totalInterest": 22500000,
        "investorAnnualRate": 0.10457014800480058,
        "borrowerAnnualRate": 0.10457014800480058,
        "investorNpvResidual": 0,
        "borrowerNpvResidual": 0,
        "cashflows": [
          {
            "year": 1,
            "openingPrincipal": 100000000,
            "annualCouponRate": 0.09,
            "interest": 9000000,
            "principal": 25000000,
            "totalPayment": 34000000
          },
          {
            "year": 2,
            "openingPrincipal": 75000000,
            "annualCouponRate": 0.09,
            "interest": 6750000,
            "principal": 25000000,
            "totalPayment": 31750000
          },
          {
            "year": 3,
            "openingPrincipal": 50000000,
            "annualCouponRate": 0.09,
            "interest": 4500000,
            "principal": 25000000,
            "totalPayment": 29500000
          },
          {
            "year": 4,
            "openingPrincipal": 25000000,
            "annualCouponRate": 0.09,
            "interest": 2250000,
            "principal": 25000000,
            "totalPayment": 27250000
          }
        ],
        "basis": "Equal one-year periods; scheduled full payment; annual effective cash-flow rate; no default, prepayment, tax or refinancing"
      }
    },
    {
      "id": "declining_benchmark",
      "label": "Assumed coupon path of eight seven six five percent",
      "result": {
        "status": "complete",
        "missing": [],
        "investorPurchasePrice": 97000000,
        "borrowerNetProceeds": 97000000,
        "upfrontThirdPartyFeeUsd": 0,
        "weightedAverageLifeYears": 2.5,
        "nominalTermYears": 4,
        "totalInterest": 17500000,
        "investorAnnualRate": 0.08487138896845525,
        "borrowerAnnualRate": 0.08487138896845525,
        "investorNpvResidual": 0,
        "borrowerNpvResidual": 0,
        "cashflows": [
          {
            "year": 1,
            "openingPrincipal": 100000000,
            "annualCouponRate": 0.08,
            "interest": 8000000,
            "principal": 25000000,
            "totalPayment": 33000000
          },
          {
            "year": 2,
            "openingPrincipal": 75000000,
            "annualCouponRate": 0.07,
            "interest": 5250000.000000001,
            "principal": 25000000,
            "totalPayment": 30250000
          },
          {
            "year": 3,
            "openingPrincipal": 50000000,
            "annualCouponRate": 0.06,
            "interest": 3000000,
            "principal": 25000000,
            "totalPayment": 28000000
          },
          {
            "year": 4,
            "openingPrincipal": 25000000,
            "annualCouponRate": 0.05,
            "interest": 1250000,
            "principal": 25000000,
            "totalPayment": 26250000
          }
        ],
        "basis": "Equal one-year periods; scheduled full payment; annual effective cash-flow rate; no default, prepayment, tax or refinancing"
      }
    }
  ],
  "tickingFees": [
    {
      "id": "within_holiday",
      "result": {
        "status": "complete",
        "chargeDays": 0,
        "annualRate": 0.028125,
        "feeUsd": 0,
        "scope": "Hypothetical constant undrawn base and non-retroactive holiday; no borrower yield inferred"
      }
    },
    {
      "id": "thirty_charge_days",
      "result": {
        "status": "complete",
        "chargeDays": 30,
        "annualRate": 0.028125,
        "feeUsd": 234375,
        "scope": "Hypothetical constant undrawn base and non-retroactive holiday; no borrower yield inferred"
      }
    },
    {
      "id": "one_twenty_charge_days",
      "result": {
        "status": "complete",
        "chargeDays": 120,
        "annualRate": 0.028125,
        "feeUsd": 937500,
        "scope": "Hypothetical constant undrawn base and non-retroactive holiday; no borrower yield inferred"
      }
    }
  ]
}