SE- Redemption Of Security Has Not Zeroed The Position
(Doc ID 2548475.1)
Last updated on SEPTEMBER 09, 2019
Applies to:Oracle FLEXCUBE Universal Banking - Version 12.2 and later
Information in this document applies to any platform.
If the instrument is on its ex -days expectation is that even if system does not calculate any coupon in its ex-days it should not prevent the instrument to be redeemed.
If a bond is bought in its ex-days and if it will not be redeemed it will leave it with an open position which is not correct.
To view full details, sign in with your My Oracle Support account.
Don't have a My Oracle Support account? Click to get started!
In this Document