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