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EDM: Debt Deal Calculates Wrong Interest After Paydown/Drawdown (Doc ID 2574162.1)

Last updated on MAY 04, 2021

Applies to:

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


Deal Interest payment is calculated wrongly after paydown/drawdown truncation is done on deal. Since interest payment is calculated wrongly. This cause amount of total principal at the end is also wrong

1.  Add Instrument Type > Debt/Investment = Debt
2.  Instrument Type Accounting Template tab > Interest Accrual Accounting Template ID INTACC
3.  Add Facility
4.  Add new Deal using newly added Instrument Type and Facility ID
5.  Click on Interest Dates link > Add Drawdown > Click Add Paydown/Drawdown icon > OK to Message > Interest Payment calculated wrong
6.  Back on Deal Details page > click Cashflows icon > Principal & Interest wrong
     a.  12-27-2017 Principal = 148505.01
     b.  3-15-2018 Principal = 5000.00
     c.  12-24-2018 Principal & Interest = 161922.20
7.  Expected Interest Payment should be 10,676.32 > Total Principal & Interest should be 164,181.32




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