Product-specific Q&A

1. What is included in the Fair Value Model?

2. How can I purchase the model?

3. How do I Install the model?

4. How does it compute Fair Value?

5. How did you verify that your calculations are correct?

6. What is the initial cost? Are there any additional costs?

7. Can multiple people use the product concurrently?

8. Can I share your templates?

Model Requirements Q&A

9. What do I need to use the Model?

10. What if I need additional help?

11. How do I install the Model?

Product-specific Q&A

1. What is included in the Fair Value Model?

The Fair Value Model includes a rich Excel template with software to prevent user error and complete documentation. The Model also includes extensive documentation.

This product supports 360/30, Actual Days and 360/Actual Days interest models. This product can accomodate fully amortizing, interest only and balloon payments. In addition, interest rates and payments can be adjusted on a monthly basis. Having mutlple interest models and payment types available greatly increases the usefulness of the product for wide-ranging applications.

2. How can I purchase the model?

The model is purchased from our website using PayPal and is available for immediate download. We're sorry but once you have downloaded the file, refunds will not be possible.

3. How do I Install the model?

Installation involves running the Windows Installer file. If you have Windows XP or later, the Windows Installer option is native to your OS (you can also install the Microsoft Installer software on Windows 2000 and NT 4.0 platforms).

After installation, a directory is created that contains the template file and documentation. Simply read the documentation PDF and you are ready to use the model.

Our model requires Microsoft® Office 2000 or later and can run on any Windows-based computer certified for use with the Office software. We recommend that you have at least 100MB of available disk space to store goodwill valuations.

You may install the model on a server or multiple PC's/laptops but the model is only licensed for a single company and/or legal entity. Bulk licensing is available for CPA and Consulting firms. Contact sales@procognis.com for details.

4. How does it compute Fair Value?

The Fair Value Model computes a discount or premium on an instrument through interpolation. This means that the software, programmatically tries multiple values until it determines a discount or premium amount, that when a level market yield is applied over the course of an instrument results in a zero balance at the end of the term. Fair value is determined by adding the calculated premium or subtracting the calculated discount from the face value of the instrument.

5. How did you verify that your calculations are correct?

The Fair Value Model is our interpretation of the income or cash flow approach to determining fair value and has been extensively tested. Our technique utilizes industry best practice and all formulas used to compute the values are visible (but cannot be modified). We have built in a mechanism which marks the results as "balanced", so long as the discount or premium computed results in a zero balance for the instrument and all deferred items on the last payment date.

6. What is the initial cost? Are there any additional costs?

The initial cost of the product is $899 (US Dollars). You purchase by online payment with PayPal or via invoice.

The license is per Company or legal entity. CPA firms, consulting firms or other entities that have business relationships with third-party companies and that wish to use our products for their customers will need to purchase a license for each such company and/or entity. Please contact our sales team for more details and pricing for license packs or bulk licenses.

There are no ongoing maintenance costs. Once you have purchased the Model, you own the license for it. Ongoing technical support services are on a per-incident basis with no support contract required.

We're sorry but returns cannot be accepted after the transaction has been completed.

7. Can multiple people use the product concurrently?

Yes. Any workbooks created with our software can be accessed or created by anyone with access to the software. However, the license is for one company and/or entity so any use within the license is permitted.

You may install the model on a server or multiple PC's/laptops but the Model is only licensed for a single legal entity or company.

8. Can I share your templates?

No. Our templates are proprietary. By purchasing the Model, you have been granted a license to use it for one company and/or entity. If you have multiple subsidiaries, each must purchase a separate license.

Model Requirements Q&A

9. What do I need to use the Fair Value Model?

The Fair Value Model is based on an Excel template using embedded code. You will need Excel 9.0 or greater (Office 2000 or greater). You will also need to set Medium Macro security to allow Macros to run on each workstation. Disk space required will depend on the number of workbooks saved on the system. Each workbook will require approximately 400KB and the base installation will require about 1MB.

10. What if I need additional help?

Technical support is available via email on a per-incident basis. If encounter technical issues, simply email us at support@procognis.com. We will make every effort to resolve your technical issues.

11. How do I install the Model?

Simply run the Installer file or the Executable you downloaded following the PayPal transaction. The installation software will ask you where you would like to install the files on your hard drive or network. Both applications default to installing the software in the current directory (where you saved the installation file). After installation is complete, a shortcut will be created on your desktop that will link to the working template file.

For the Windows Installer version, should you want to delete the installation, you should use the Add/Remove programs feature in the Control Panel or simply use the Remove option when re-running the installer.