EDM: Reset Rate Index Tenor changes when Deal is re-displayed (Doc ID 1936730.1)

Last updated on MARCH 17, 2016

Applies to:

PeopleSoft Enterprise FIN Deal Management - Version 9.1 to 9.2 [Release 9]
Information in this document applies to any platform.

Symptoms

Need to create a Deal with the following criteria:
 
Instrument Type = IRSWAP
Interest Frequency = Monthly
Reset Frequency = Weekly
Reset Rate Index Tenor = 1 Month

Once the Deal is saved, all of the information on the page looks correct.  However, if exit out of the Deal and re-display it, the Reset Rate Index Tenor now displays 1 Week instead of 1 Month.  However, if query the table, TRX_DETAIL_TR, the RESET_INDEX_TENOR2 still reflects as M01 (1 Month).  Next, make a change to the Deal, and save the Deal.  Re-check the table, TRX_DETAIL_TR.  The RESET_INDEX_TENOR2 is changed to D07 (1 Week).  This is incorrect.  This value should have never changed from M01 to D07.  This value needs to remain as M01 since this Reset Rate Index Tenor indicates how far in advance of the period end date is the interest rate for the period known, which in turn, affects the Automatic Rate Resets.

STEPS
1.  Create a Deal with the following criteria:
Instrument Type = IRSWAP
Interest Frequency = Monthly
Reset Frequency = Weekly
Reset Rate Index Tenor = 1 Month
2.  Save the Deal
3.  Exit the Deal
4.  Re-display the Deal
5.  Notice that the Reset Rate Index Tenor displays 1 Week instead of 1 Month
6.  Query the table, TRX_DETAIL_TR
7.  Notice that the the RESET_INDEX_TENOR2 still reflects as M01 (1 Month)
8.  Make a change to the Deal, such as changing the Our Settle Thru Bank on the Settlement Instructions page
9.  Save the Deal
10.  Check the table, TRX_DETAIL_TR, the RESET_INDEX_TENOR2 is changed to D07 (1 Week). 

Cause

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