Incorrect Coupon Payment Amount in Schedule Displayed On Treasury Bond Deals (Doc ID 1367160.1)

Last updated on MARCH 08, 2017

Applies to:

Oracle Treasury - Version: 11.5.10.2 to 12.1.3 - Release: 11.5 to 12.1
Information in this document applies to any platform.

Symptoms

Incorrect coupon payment schedule displayed on Treasury bond deals for the last coupon when set as 30/360 as Fixed-Regular.

STEPS:
1. Setup Bond Issue.: 30/360 as Fixed-Regular
2. Created Bond issue deal ;
Deal date - 19-Mar-2009
Maturity Date - 01-Jun-2010
Settlement Date - 19-Mar-2009
Interest Rate - 15%, Semin Annual
Bond Face Value - 25000.00
Coupon starting date - 01-APR-2009
3 Its semi annual coupon payment ...of 01-APR-2009 & 01-OCT-2009" & 01-APR-2010
4. Saved ..Coupon payment schedule tab displayed ...with incorrect payment amount for 01-Jun-2010 . It is supposed to show only for 60 days payment amount not 6 months of Payment Amount..

BUSINESS IMPACT
Due to this issue, users cannot  sure of the coupon payment for the last coupon.
1. Incorrect coupon payment - Systeme generate incorrect coupon payment amount
2. Incorrect interest accruals amount.

Please review Test case: test_case.doc uploaded to this note.

Cause

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