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EDM: Interest Calculation Incorrect After Interest Override and Paydown/Drawdown (Doc ID 2306320.1)

Last updated on FEBRUARY 03, 2019

Applies to:

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


If an interest amount is overridden and then a Paydown/dDadown is completed the next month, the interest calculation is incorrect.

1. Add Deal
2. Interest Dates link
    5-1-2017 Interest Payment: 291,666.67 = amount of calculated interest due for 30 days of 125,000,000.00 at 2.8% with 30E/360 for April
    5-16-2017 Interest Payment: 145,833.33 = amount of calculated interest due for 16 days of 125,000,000.00 at 2.8% with 30E/360 for May
3. Change 5-1-2017 Interest Payment Date to 4-28-2017 > OK
4. For whatever reason, 5-1-2017 Interest needed to be overridden at April month end by an increase of 15,000.00... interest at May month end is still 145,833.33
5. Apply > OK
6. In Interest Dates link Add Paydown of 5,000,000.00 > click Add Paydown/Drawdown > Apply > OK
7. 5-16-2017 Interest Payment after Paydown should calculate to 151,277.78 but it's showing 141,555.56


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