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Securities Interest Rounding at Certificate Level instead of Issue Level

Apr 23, 2017 at 06:34 AM


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Former Member


Currently we have maintained the interest in the FTR_Edit screen for the security and the system is computing interest at the value of security and rounding off at the overall level, however we require the interest to be computed at the certificate level and rounding to be applied before the system accumulates the total interest postings

Eg Total issue 100 Certificates of USD 1000 each at 3.678%

Total interest postings currently monthly = 30650 (100*1000*3.678*1/12)

Interest to be posted = (1000*3.678*1/12)*100= 306.5 rounded to 307*100= 30700

Thanks in advance

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