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EDM: Calculation Incorrect For Paydowns (Doc ID 2424529.1)

Last updated on JULY 18, 2018

Applies to:

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

Symptoms

 
ISSUE:
 
When Entering Deals into the system, the paydown is not being calculated in the correct manner for some periods.  The Paydown is usually placed after the interest period for that payment.  But in some instances, the Paydown is placed prior to the Interest Payment.    

 
STEPS:
 

Step 1: Describe the steps
Navigation to:  Main Menu > Deal Management > Administer Deals > Define Instruments
Special Instructions:
Create a new instrument type of DEBT_LT – Long Term Debt.
 
 
Step 2: Describe the steps
Navigation to:  
Main Menu >Deal Management > Capture Deals > Deals
Special Instructions:

add a new Deal for the instrument
 
 
 
 
Step 3: Describe the steps
Navigation to:  
Main Menu > Menu Item 1 > Menu Item 2 > etc
 Special Instructions:
Click on Interest Dates:
 

Enter the Interest Paydown for 12/31/2018 to validate that the entry goes into the correct place in the grid.
 
The ‘Paydown’ is placed immediately after the ‘Interest Payment’ This is the correct behaviour.
 

Enter a ‘Paydown’ for 6/28/2019 and you will see that it is placed immediately preceding the ‘Interest Payment’, this is the incorrect behaviour.

Cause

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