Release Notes 7.90
Following is a list of changes and enhancements:
1. Checkboxes "No tax effect" and "No cash effect" have been added to the cash-flow option screens and fee screens.
2. For actual/365 day year calculations in loan type cash-flow screens, you can now specify end of month as 30 or 31 for each payment step. To use this capability, first click the stepwise 30/31 check box in the cash-flow options screen. Then you can specify the end date of each step in a cash flow screen by right clicking the "To" date for that step.
3. Quick print now brings up a dialog box that allows you to view each report, or to skip individual reports within the group.
4. Several enhancements have been made to the report editor.
5. The FASB PV tests by default now use the delivery date rather than funding date. Also, two new items have been added to the FASB classification controls screen. One is to select whether to use the delivery date or funding date for the PV tests. Another is to specify whether to use the earliest delivery date or individual delivery dates (if there are multiple delivery dates).
6. FASB PV reports have been moved to the IRS/FASB group (from the statistics group).
7. Optimization of prepaid/deferred rent structures has been improved. In the Process - Modify screen the "Rent screens: Prepaid/deferred" command allows you to create rents screens for optimization.
8. A new IRS test, the prepaid/deferred test, has been added, as well as a new prepaid/deferred rent report.
9. There is now a method for matching prepaid/deferred structures by entering annual accrued rent in the rent screen and cash rents in the miscellaneous external adjustments, and then "merging" the screens using the new "Rent screens: Prepaid/deferred" command in the Process - Modify screen.
10. Effective and implicit cost have been renamed full term rate and base term rate respectively. Full term rate is now based on delivery date by default, and users have the choice of using either the delivery date or funding date (specified in the Controls - Statistics - Payments screen).
11. The "dominant yield" specification has been moved from the Controls - Statistics - Yields screen to the Controls - TV/SLV screen. It is now called "Yield to protect". An MISF periodic (default) or MISF monthly yield can be selected even if there is no MISF yield defined in the Yields screen.
12. Using "Paste Special" from the Edit menu, you can paste cash-flow streams from other sources (such as a spreadsheet) into a SuperTRUMP cash-flow screen.
13. The IRS classification controls screen now includes an item for "Minimum remaining life" for use with the minimum remaining life test.
14. We have updated the way we handle Initial Direct Costs for accounting. Previously IDCs were entered in the Accounting Controls screen; now a checkbox in the Fee screen is used to specify that a fee is an IDC.
15. We have updated our license management. Network installations require only a single activation code using the new "Network Activator" program.
16. Several other minor problems have been fixed.
