Accrued Dividend in TRM

[former_member801009]

Hi,

Can you advise how do we manage accrued dividend in TRM security module. We need to achieve below.

Scenario 1) Dividend accrual

Example: Dividend of 1000 USD declared on 31.01.2023 but received on 15.02.2023.

a) Posting on 31.01.2023

Accrued dividend 1000USD Debit

Dividend income 1000USD Credit

b) Posting on 15.02.2023

Bank incoming 1000USD Debit

Accrued dividend 1000USD Credit

Scenario 2) Dividend received without any accrual

Example: Dividend of 1000 USD declared on 31.01.2023 and received on 31.01.2023.

a) Posting on 31.01.2023

Bank incoming 1000USD Debit

Dividend income 1000USD Credit

Both scenario may occur for one security/product type.

As a standard, we have only option is maintain the dividend condition type in FWZZ and post through FWSO, this will work only for second scenario. But for first scenario we need to configure both accrual (TPM44) and FWSO for the first & second entry respectively or confirm is there any other process which we can achieve this?

With above option, we can't achieve both scenario at the same time as we have only one update type 'SAM5013' (linked to one posting specification) for the dividend receipt, hence not possible to differentiate whether it is a accrued/actual receipt.

Looking forward your advise on above.

Regards,

Shanid