Skip to Content

Interest Structure Dates/Days Issue Money Market (55A)

Dear Experts,

I am getting the issue on Interest rate instrument (55A) for maintaining interest dates between due date and calculation date. Nominal Interest can be paid for 90 days or 92 days payment.

For the example scenario:

Interest Item Effective date: 15.01.2016

Period End: 15.04.2016

Due date: 15.04.2016

As on due date and Period end date is a 15.04.2016 (Public holiday).I maintained calendar it’s going to next day for payment (16.04.2016) so in this scenario Interest Calculation days is for 92 days and for second quarter calculation should start from 17.04.2016 to 16.07.2016 calculation days is for 90 days.

Like for every quarter dates can be fluctuate in between 90 and 92 days.

Please can someone suggest me how to maintain dates calculation without manual input option in structure tab?

Please find the attached document for detailed info with screen shots.

Thanks,

Prasad

Add comment
10|10000 characters needed characters exceeded

  • Get RSS Feed

2 Answers

  • Nov 30, 2016 at 03:48 AM

    Hi,

    Check the condition, you can copy the same and create multiple condition. I am not in front my system so cant share more.

    Add comment
    10|10000 characters needed characters exceeded

  • Nov 30, 2016 at 06:20 AM

    Hi Jain,

    I tried as you suggested but two interest flows are generating for same quarter(one for 90 days and other for 1 day -15.01.2016 to 16.04.2016), on 15.04.2016 we have installment repayment, is it possible to generate one interest flow for that period (92 days)

    please suggest

    installment flow

    Thanks,

    Prasad

    Add comment
    10|10000 characters needed characters exceeded