R12/XTR: SINGLE BOND COUPON: BOND FIRST COUPON DATE NOT EQUAL TO MATURITY DATE (Doc ID 353659.1)

Last updated on JUNE 21, 2016

Applies to:

Oracle Treasury - Version 11.5.10.2 to 12.2 [Release 11.5 to 12.2]
Information in this document applies to any platform.
Enter Bond Issue we can not choose First coupon date = Maturity date


Goal

Issue 1: SINGLE BOND COUPON: BOND FIRST COUPON DATE NOT EQUAL TO MATURITY DATE
Example: For a Bond:
START DATE: 15.MAY.2003
MATURITY DATE:01.JUL.2003
FIRST COUPON DATE:01.JUL.2003
LAST COUPON DATE: 01.JUL.2003
COUPON FREQUENCY: SEMI ANNUAL
Enter Bond Issue and can not choose First coupon date = Maturity date. It errors as:
'Please enter a first coupon date that is before the maturity date.'

There are many situations where customer has the securities with single coupon.
Currently, it is not possible to even enter such bonds. There is no workaround.

Issue 2: A bond with:
Start date of 22-DEC-2011 and
Maturity date as 01-JUL-2012. The
First coupon date is also 01-JUL-2012
It errors as follows:

11i Error: 'Please enter a first coupon date that is before the maturity date.'
R12: Error: 'The Previous Coupon Date must be earlier than the Maturity Date.'

Solution

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