ONC Short Term Money Not In Daily Journals Before Settling

(Doc ID 1395867.1)

Last updated on MARCH 08, 2017

Applies to:

Oracle Treasury - Version: to 12.2 - Release: 11.5 to 12.2
Information in this document applies to any platform.


ONC Short Term Money Not In Daily Journals Before Settling
You need to have process to Journalize before you settle the transaction. However with the current setup you are missing some journal entry and /or this was  resulting in duplicate INTSET entries for other deals because you have an additional set of entries, ie, COMMENCE INTSET SETTLE. This was resulting in double entries.

1. You thinks: it is not possible to implement the COMMENCE INTSET SETTLE because it needed to register the interests but like a reserve interests in the corresponding months, at the beginning of the investment, something like interest provision. To reserve the interests in the corresponding months when the investment covers a weekend, holidays, ends and beginning of months, etc.

2. The Treasury Documentation do not have 'that instead of using 'comence' we must use settle'.


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