EDM: Deal Transaction, Estimated Accrual Not Properly Calculated For 1 Day Outstanding
(Doc ID 2362742.1)
Last updated on FEBRUARY 06, 2019
Applies to:PeopleSoft Enterprise FIN Deal Management - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
Deals that was created with starting Date as last day of the month (e.g 30-Nov-2017) , Deal was created with Day count Basis as 30/360.
when checked at Estimated Interest Accrual page, it shows Zero(0) Amount for Nov 2017, using Period = Monthly for the Deal?
Start Date: 11/30/2017 , Maturity Date: 03/15/20174, Rate: 6.25, Rate Type= Fixed and Par Amount= Settlement Amount = 15,000,000
- Day count basis - 30/360
- Discount/Premium - Straightline Method
- Interest Frequency - Semi-Annual
- Business Day Convention - Following
- Interest Calculation - Interest Bearing
- Interest Date Rule - Backwards from Maturity Date
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