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Do you know if is it possible set as payment date for a term loan = end of the term date

Jul 24, 2017 at 05:31 PM

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Former Member

Hi expert,

I want to create a financial transaction with t-code FTR_CREATE

My situation is: I issue a principal amount with start term is 01.01.2017 and end term is 06.05.2017

Monthly, I will pay average principal and interest. So, after 4 months that I pay interest for all days of month, I still have the last 6 days to calculate interest on the rest of principal (from 01.05.2017 to 06.05.2017).

Suppose, the rest principal is $100 and the rest interest is $4 (for 6 days)

In the system:

- If I choose Term End is 06.05.2017, due date of interest structure and repayment structure are 06.05.2017 also à SAP will calculate the rest interest based on 5 days, not 6 days. And Payment date of principal and interest are the same date (06.05.2017)

- If I choose Term End is 07.05.2017, due date of interest and principal are remains the same (06.05.2017) à SAP will calculate exactly 6 days for interest but The Payment date of principal and interest are different: interest paid on 06.05.2017 and principal paid on 07.05.2017

So, the system can calculate exactly 6 days for interest and payment date is the same (06.05.2017) for the rest principal and the rest interest???

Thank you.

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