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Syndication Pricing is Calculating Based on 365 Days Convention for Income Amortization Schedule (Doc ID 2830941.1)

Last updated on DECEMBER 28, 2021

Applies to:

Oracle Lease and Finance Management - Version 12.2.10 and later
Information in this document applies to any platform.

Symptoms

On : 12.2.10 version, Lease Authoring

ACTUAL BEHAVIOR
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Find that syndication pricing is calculating based on 365 days convention for income amortization schedule where as lease pricing Engine (Super trump) is calculating on 360 days convention, this results in differences of lease income and contract investor income.

EXPECTED BEHAVIOR
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Expect that syndication pricing is calculated based on 360 days convention.

STEPS
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The issue can be reproduced at will with the following steps:
1. Using Lease super user responsibility, create a Pool.
2. Associate Contract to the Pool.
3. Create an investor agreement and activate it.
4. Query the contract->go to summary tab->click on pricing details.
5. Search for Rental Income or Lease income Stream Details and look into Amortization Schedule, you see Period end date is 30th as per 360 Days convention.
6. Search for Investor Income Stream and end date of period is 31st, calculating based on 365 convention.
 

Cause

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In this Document
Symptoms
Cause
Solution
References


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