Using debt types like Fixed Rate Direct Purchase and Variable Rate Direct Purhcase, users can model a drawdown where principal is drawn over a set timeframe and interest is only calculated on drawn principal.
To model a draw down, create a new Issue and check the Advanced checkbox in the top left to expose all creation settings. Choose either fixed rate direct purchase or variable rate direct purchase as the debt type to see configurations for a drawdown.
Check the box for Draw Down and then input your expected final draw date and the expected draw frequency. *Note, users are not locked into the expected draw frequency, which accounts for any irregular draw dates.
Once your configuration is complete, hit save, and finish setting up your Issue. For the draw down schedule, create a New Money purpose in the lower right quadrant, and use the draw table to input dates and amounts.
The last step is to assign your Issue to your Purpose, be sure the Final Draw date matches your Purpose quadrant, and the Draw Frequency matches your draws.
The walkthrough below will illustrate how to model a draw down from beginning to end.