Feb. 2009 - Release of version 3.01 of Margill Law Edition. Features new 'Capitalized simple interest' amortization, often required in post-judgment calculations

The choice of thousands of lawyers, judges, judgment collection agencies, law departments, governments, insurance companies and trade unions in 28 countries.

Common law-related calculations

• Simple interest or compound interest between two dates
• Pre judgment and post judgment interest calculation for all US states, Canadian provinces and European countries (over 150 interest tables and rates automatically updated on your system)
• Collection of judgments including precomputed prejudgment interest and court fees bearing interest or not
• Collection of debt claims and accounts receivable
• Unpaid or late rent, salaries and alimony - possible to index these amounts as required
• Lump sum or structured settlement hypotheses over time for judgments (quantum)(present value)
• Today value of an old judgment award
• Interest payable from an escrow (trust) account (with regular and irregular deposits)
• Mortgage and loan calculations (regular and irregular payments at fixed or variable interest rates)
• USA specifically: Civil judgment governed by 28 U.S.C. 1961, Civil judgment relating to awards of just compensation in condemnation proceedings settled under 40 U.S.C. 258a.
• Calculation of the unknown interest rate applicable to a loan with regular and irregular refunds (determination of the contractual rate or usurious (criminal) interest rate)

Click to see Margill examples:

• Interest following a judgment (variable interest rates)
  
• Interest following a judgment (unique interest rate)
• Interest following a judgment (unique interest rate using the rate applicable at the start of the procedures among variable interest rates)
  
• High performance Pre judgment, court fees, award and post judgment collection module
• Pre and post judgment interest on awards (court rulings, judgments) using over 150 interest rate tables for the US, Canada and European countries.
• Partial payments paid before the judgment and successive awards
  
• Collection of judgment awards by recurring payments
• Late tax payments
• Unpaid salaries indexed according to an agreement
• Late / unpaid rent
• Late / unpaid alimony
• Hypothesis of a lump sum to be paid to the plaintiff instead of a structured settlement over time
• Lump sum hypotheses with future variable installments (quantum in civil liability cases for rulings) or determination of structured settlement amounts
• Today value of an historical judgment (indexation)
• Calculation of the unknown interest rate applicable to a loan with irregular refunds (determination of the contractual rate)
• Calculation of bond premium (schedule of bond premium amortization - effective interest method
• Regular mortgage
  • USA, Europe, Australia...
  • Canada
• Irregular mortgage with lump sum payments
• Collection of unpaid accounts receivable
• Loan with regular payments
• Irregular loan - 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!
• Verification of the precision of the APR (Annual Percentage Rate)

Click here to see all interest tables available in Margill

Central Bank interest tables

• US Federal Reserve, Bank of Canada, Bank of England, European Central Bank, Australia, South Africa, Hong Kong...

Indexation tables

• Inflation rates for various countries USA, Canada, Great Britain, Australia, France, Switzerland, Belgium, Luxembourg
• Stock market indices (annual returns)
• Alimony indexation tables (Quebec)

• 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)
• Effective rate method (Normal compound interest amortization), Capitalized Simple interest (very often mandatory in Law), Simple interest

• 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)

The International Bar Association (IBA) and Jurismedia are proud to announce their partnership in order to provide its members with Margill, the leading interest calculation solution for law professionals. Full story...