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Re: Interest calculation for FD's

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Dear Venkat,

 

as explained before, the last date in the deal (end of term) will always be considered exclusively for a fixed term deposit (51a) - so the last interest period will never include this date. Just take the next day as the end of term: the next day excluded will mean the day before included (e.g. 01.01.2013 exclusive -> 31.12.2012 included as last day in calculation).

 

For 55a deals, the same is valid: except that you can here decide if the first day is included OR the last day (setting 'Inclusive' , field SINCLE, in the structure tab).

 

We do not allow for the possibility to set both dates to 'inclusive' -

just imagine a roll-over: which of the days is included in which

interest period in this case?

 

The interest calculation method is not relevant here (exept that the number of days might vary) - and there is no setting or config to change this standard behaviour.

Best regards,

Marie


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