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No. of days calcation for facility charges in Overdraf facility

Dear TRM experts,

We have overdraft facility deal which was started 01.04.2019 and ends on 31.03.2020 with other flow type facility charges. We have created OD drawn as below and link with OVF.

First OVD starts on 01.04.2019 and ends on 29.04.2019 total number of days for interest calculation is 28 days

4/1/20194/28/201928.00 correct

Second starts on 29.05.2019 and ends on 01.07.2019 total numbers of days should be 34 days but is calculating

5/29/20197/1/201933.00 in correct

Please let me know why system is calculating in correct in second OVD.

Thanks in advance.


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1 Answer

  • Posted on Oct 29, 2019 at 10:44 AM

    Hi Kishore Cheeda,

    It's the Interest Calculation Method you selected. One has Base 365 and the other 360.

    Kind Regards

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