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

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.

Symptoms

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?

Cause

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