When using FFIEC's site can you just put in the date the rate was locked?

I have an officer adjusting the date based on the week when inputting values on the FFIEC spread tool. I thought that this would be adjusted based on the rate lock date automatically.

I believe since the APOR rates are adjusted weekly, you should get the same answer whether you put in the day or week locked.

The calculator has a very good help section.


http://www.ffiec.gov/ratespread/newcalchelp.aspx#9

If you search it for "lock-in date" it will give you instructions on how to enter the date.

The date entered must be the date you locked the rate, not the date you enter it in the calculator to calculate the rate spread.