R12/XTR: NI Deals:Discounted Securities Accured Interest EFFINT INTADJ (Doc ID 458702.1)

Last updated on MARCH 08, 2017

Applies to:

Oracle Treasury - Version 12.0.0 to 12.2.5 [Release 12 to 12.2]
Information in this document applies to any platform.

Goal

Q1: Accrued Interest is not matching on NI deals. Unable to figure out how the system is calculating accrued interest on NI deals.?
We expect this to calculate as:

:Start_amount*(:INTEREST_RATE/(nvl(V_YEAR_BASIS,360)*100)))
* ((TO_DATE(:P_AS_OF_DATE,'DD-MON-YYYY')- TO_DATE(:START_DATE,'DD-MON-YYYY')));

Q2: Please provide Formula with example calculations?


Q3: User needs guidance as the system calculates accrual in following two methods for NI DEAL:
Effective Interest Accrual - EFFINT
straight line method - INTADJ

Can you go ahead and change the setup (from JEA screen) from effective method to straight line method choosing Amount type intadj instead effint?

Solution

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