Treasury Daily Variable Interest Rate

[former_member315976]

We have several bonds (O4H Bond) that use a variable interest rate that changes daily. Interest payments are received quarterly. Currently, the system calculates the interest using the daily rate of the last day of the period. However, we need it to calculate each day's interest using that day's rate. I can get the system to do this, but then it wants to pay it daily. If I force it to pay quarterly, then the interest is not calculated daily. I have read that the interest rate fix has to match the payment schedule...is that true or is it possible to calculate interest daily but pay quarterly?

[former_member502068]

I'm looking for the same solution. I have a bond with a daily interest rate change but it pays every three months, if you could manage to solve it please let me know.

Kind regards.

[lisa_savinovich]

Hi Joan,

Did you ever find an answer to your question? We have a bond issue with daily interest rate change that pays monthly. My post is here Variable interest bond issue, what is the correct setup for daily reset of interest? | SAP Community While I can get it to pay monthly by having all of the conditions for the month in question with the same due date, I am not pleased with how I had to have a daily interest condition for each day. Let me know if you have found a solution.

Thank you,

Lisa