# Create loan contract event parameters

Here are the parameters for loan contract events. Mandatory fields are marked with a red asterisk (<mark style="color:red;">\*</mark>).

<table><thead><tr><th width="249.50520833333331">Field name</th><th>Description</th></tr></thead><tbody><tr><td>Component <mark style="color:red;">*</mark></td><td>Select the appropriate component from the dropdown list.</td></tr><tr><td>Event type <mark style="color:red;">*</mark></td><td><p>Select the loan event type. The available options are the following:</p><ul><li><strong>BAL_DECREASE</strong> - Decreases the balance.</li><li><strong>BAL_INCREASE</strong> - Increases the balance.</li></ul></td></tr><tr><td>Effective date <mark style="color:red;">*</mark></td><td>Select the date on which the loan event takes effect.</td></tr><tr><td>Amount + Currency <mark style="color:red;">*</mark></td><td>Enter the loan event amount and select the currency.</td></tr><tr><td>Details <mark style="color:red;">*</mark></td><td>Enter any additional information about the loan event.</td></tr></tbody></table>