EDM: Deal Transaction, Estimated Accrual Not Properly Calculated For 1 Day Outstanding

(Doc ID 2362742.1)

Last updated on FEBRUARY 19, 2018

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?

Deal Details
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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