EDM: While Defining Instrument and Choosing Compounding Frequency And Interest Frequency, Comparison Message Text is Misleading

(Doc ID 2308338.1)

Last updated on SEPTEMBER 18, 2017

Applies to:

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

Symptoms

Getting Error Message while creating Instrument online, Message that pops up is misleading.

Case 1: Interest Frequency Value = Quarterly & Compound Frequency Value = Semi Annual – Comp
Case 2: Interest Frequency Value = Semi Annual & Compound Frequency Value = Semi Annual – Comp

Error Message:

 Compounding frequency must be greater than Interest payment frequency. (13800,212)

STEPS:

1) Navigate: Deal Management > Administer Deals > Define Instruments
2) Create Instrument with the Instrument
      - Instrument Type = Interest Rate Physical
      - Debt Investment
  
Case : Interest Frequency Value = Quarterly & Compound Frequency Value = Semi Annual – Comp
Message: Compounding frequency must be greater than Interest payment frequency. (13800,212)

Case : Interest Frequency Value = Semi Annual & Compound Frequency Value = Semi Annual – Comp
Message: Compounding frequency must be greater than Interest payment frequency. (13800,212)

3) Click Save Button.

Cause

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