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Bond Issue Using Day Count Basis Actual/365L Coupon Values Where Coupon Date in Leap Year Or Non-leap Year (Doc ID 735667.1)

Last updated on MARCH 08, 2017

Applies to:

Oracle Treasury - Version: 11.5.10
This problem can occur on any platform.

Symptoms

-- Problem Statement:

Bond Issue Coupon Values Where End Date in Leap Year Or Non-leap Year, when you are trying to setup Bond issue in the system you are facing

Bond Start Date: 23-APR-2008.. Leap Year
Maturity Date: 30-Jun-2015
First Coupon Date: 30-Jun-2009.. Non-leap Year

Number of Days calculated 433 are correct for first coupon, but Coupon amount is wrongly calculated since the first coupon date lies in 2009 which is not leap year.


Cause

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