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How would a Future value dated LD use the PI rate
- channa_lk
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13 years 4 days ago #9467
by channa_lk
How would a Future value dated LD use the PI rate was created by channa_lk
When a LD (loan) is input today with a future value date, the contract takes the PI rate of today as the contract's interest rate. However when the value date is reached the PI record would have been updated with a new rate and the contract is expected to use the rate of that value date.
However as core does not allow R schedules to be defined for value date, it would not take the new rate belonging to the value date into the contract.
Is there any way (without local development) we could overcome this problem?
However as core does not allow R schedules to be defined for value date, it would not take the new rate belonging to the value date into the contract.
Is there any way (without local development) we could overcome this problem?
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