T24 LD Module Interest Rates
- vijoye
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8 years 2 months ago #20164
by vijoye
T24 LD Module Interest Rates was created by vijoye
Hello Friends.
Could you please advise how to configure T24 LD module so that if ever the Libor Rate (PERIODIC.INTEREST) is negative, to consider the periodic interest rate as zero and consider only the INTEREST.SPREAD at LD level for interest accrual. If ever the INTEREST.SPREAD as well is negative, to consider INTEREST RATE as zero.
The actual set up of LD loans here is that we set the LD>NEGATIVE.RATE field to NO at contract level. Therefore, if ever the effective rate (INTEREST KEY rate + Spread) is negative, zero is considered for interest accrual.
Thanks.
Could you please advise how to configure T24 LD module so that if ever the Libor Rate (PERIODIC.INTEREST) is negative, to consider the periodic interest rate as zero and consider only the INTEREST.SPREAD at LD level for interest accrual. If ever the INTEREST.SPREAD as well is negative, to consider INTEREST RATE as zero.
The actual set up of LD loans here is that we set the LD>NEGATIVE.RATE field to NO at contract level. Therefore, if ever the effective rate (INTEREST KEY rate + Spread) is negative, zero is considered for interest accrual.
Thanks.
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