EDM: Facility Amt Is Not Correct If You Undo A Deal That Has Activity After The As Of Undo Date.
(Doc ID 2824817.1)
Last updated on NOVEMBER 29, 2021
Applies to:PeopleSoft Enterprise FIN Deal Management - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
Facility amount is not correct if you undo a deal that has activity after the as of undo date.
Create $25m facility 1/1/21 – 12/31/21
Facility Activity link Shows $25m available
Create $10m debt deal against the facility on 6/1/21, matures 8/10/21, fixed rate .50, Actual/Actual
Update 7/1/21 period end row to a Payment Date of 6/30/21
Validate facility has $10m outstanding and $15m available
Add a $2m drawdown to deal on 6/8/21 (principal balance will be $12m)
Validate facility has $12m outstanding and $13m available
Add a $1m paydown on 6/10/21 (principal balance will be $11m)
Validate facility has $11m outstanding and $14m available
Undo deal as of 6/1/2021
Validate facility is back to $25m available (it is not since $10m was outstanding on the as of date that is all it gave back to the facility). We would expect it to be $25m so we can redo the entire deal again to make sure interest is correct for the entire month since it only pays monthly. If we did it as of 6/10, there could potentially not be enough to borrow as of 6/1.
Create new deal same as above
Update payment date to 6/30 on 7/1 row
Validate facility has $15m available (it does on 6/1 but not on 6/10 since the $2m drawdown and $1m paydown of undone deal are still outstanding)
Do the $2m drawdown on new deal
Do the $1m paydown on new deal
Validate facility has $13 outstanding and $14 million available (doesn’t because of the outstanding activity on the undone deal after the as of date)
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