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Treasury Daily Variable Interest Rate

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 that true or is it possible to calculate interest daily but pay quarterly?

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