Latest: Callable Bond Fixed Income Security, Repurchase, Sell Deal Shows Consideration Amount More Or Less
(Doc ID 760636.1)
Last updated on MARCH 08, 2017
Oracle Treasury - Version 126.96.36.199 to 12.2 [Release 11.5 to 12.2] Information in this document applies to any platform.
Issue1: Consideration amount more then the Face value:
On Callable Bond when Fixed Income security Sell deal is created it shows Consideration amount more then the Face value when :SETTLEMENT DATE is same as the deal date however when the same viewed in FIXED INCOME SECURITY CALCULATOR the face value and the consideration amount is same.
Issue 2: Consideration amount less then actual received: Consideration amount is $25.00 less then what was actually received at the time the bond was called. 1).Create a Callable Bond 2). Then Create Fixed Income Securities: Purchase Price $9,993,000.00 Face Value $10,000,000.00 Settlement Date December 22, 2010 Maturity Date June 22, 2012 Bond Called on March 22, 2011 3). Per the bank the amount received when bond was called $10,015,625.00. Which was the purchase prices + the interest earned from December 22, 2010 until March 22, 2011. Purchase price $9,993,000.00 Interest Payment $ 22,625.00 Total Recv: $10,015,625.00 However Application calculate Short by 25.00?
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