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I had an impression that CS-DRMS was just a debt program like AS400 in a dummy terminal. After using CS-DRMS for a while, I have changed my impression and realized that it's a tool with many features. I recommend to any debt manager to use the application.

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Mr Usaia Tunaulu
Ministry of Finance, Fiji

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1. What is the grace period?
AThe time when the creditor forgives the debt
BThe time before the loan is disbursed
CThe interval between principal repayments
DThe time between the loan becomes effective and the first principal repayment
 
 
2. When do interest payments start being calculated?
AWhen the loan is signed
BWhen principal repayments begin
CWhen the first commitment fee is paid
DWhen disbursements begin
 
 
3. Which is the correct definition of debt service payments?
APrincipal payments, interest payments, and other service fees
BPrincipal payments and disbursements
CCommitment and principal payments
DPrincipal payments only
EInterest payments only
FService fees only
 
 
4. Which of the following is correct regarding the use of 'Margin' and 'Grace Period' in penalty calculations?
AIf interest is paid within grace period, penalty is calculated at normal interest rate only, otherwise margin is added
BNone of the listed
CGrace period is always excluded from penalty calculation
DPenalty is calculated at normal interest rate during grace period and at normal interest rate plus margin after grace period
 
 
5. Depreciating a local currency against foreign currency means ..
AMore local currency to a singlt unit of foreign currency
BLess local currency to a single unit of foreign currency
CNone of the listed
 
 

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