SWAP INTEREST ACCRUAL CALCULATION INCORRECT NO. OF DAYS: DAY COUNT BASIS 30/360 (Doc ID 472000.1)
Last updated on MARCH 08, 2017
Oracle Treasury - Version: 11.5.10 Information in this document applies to any platform.
Create Swap transaction using 30/360 day count basis. Run October 2007 interest accrual calculation process. Interest payment amounts calculate correctly. However, the interest accrual calculation for a 31 day month is calculated at 31 days rather than 30 days. Explain why 31 days when day count basis is 30/360?
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
My Oracle Support provides customers with access to over a Million Knowledge Articles and hundreds of Community platforms