EDM: Enhancement -- For Deals, Rate should not be required when Price % of Par is greater than 100

(Doc ID 1943533.1)

Last updated on JUNE 14, 2017

Applies to:

PeopleSoft Enterprise FIN Deal Management - Version 9.2 and later
Information in this document applies to any platform.

Goal

For T-Bills that have flooded the market and can be bought at a price of over 100%, Rate should not be required or Rate should be allowed to be zero when Rate Type is Fixed.

Unfortunately, the system insists on setting a Rate and then promptly resets the Price % of Par based on the Rate entered.

The workaround to represent this is to enter the Deal with Rate Type of Floating.

Above scenario should be addressed as an Enhancement.

Solution

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