on 2023 Jul 14 12:37 PM
I am trying to config a Security bond product similar to 04K ( united quoted 😞
Requirement are as follows:
I will enter the Nominal Value as 1000
Per unit Rate : 500000
Hence Total Purchase Value becomes: RS. 50,000000.00 ( Update TYpe SE1000 )
Bond is for 5 years and yearly interest flow should generate on purchase value Rs. 50, 000000 as per 10% per annum
every year.
Hence in Cash flow Update Type SAM5009 ( for unit quoted where Calculation formula = TVST) Units = 1000
Base Value should be 50,000000 and condition amount means interest amount should be Rs. 5000000 every year.
But system is calculating Base value = 1000 * 1000 = 1000000 and interest amount = Rs. 10000.
Also can any one guide me should be rest of the configuration like position management and accounting determination for purchase, Interest Receivable , TDS on interest and Sale of bond.
O4X Did not calculate the coupon based on the percentage rate, it was calculated based on the fixed amount per unit. 04I calculate based on percentage.
Position Management
For Account Assignment
Add Account Assignment Reference and GL Account in above
Purchase transaction = DR 1 CR 3, Interest Ravenue = DR 3 CR 4.1.1
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
User | Count |
---|---|
8 | |
5 | |
3 | |
1 | |
1 | |
1 | |
1 | |
1 | |
1 | |
1 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.