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Former Member
Feb 03, 2011 at 10:02 PM

accrual question

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Hi,

For a money market transaction, if start date is in the middle of the month, is it possible to accrue interest for the full month instead of partial month?

If we change the Accrual/Deferral method to "Complete" instead of "Pro Rata"; it would work if the interest frequency is 1 month; but won't work if interest frequency is more than a month.

Thanks

Mani