Usage of Accrued Interest supplied with Instrument Record
Accrued Interest amount supplied with instrument record can be considered during interest cash flow calculation
Business Benefits:
- Accrued Interest amount that is available from source system for the time Last Payment Date till As of Date can be used to forecast interest cash flows. This option can be enabled by selecting ‘Include Accrued Interest’ flag in Behavioral Characteristics of Statis Deterministic Process and in Product Characteristics for Dynamic Deterministic Process.
- Improve accuracy of interest cash flow.
Steps to Enable
You don't need to do anything to enable this feature.