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Welcome to the FIS Treasury and Risk Manager - Quantum Edition Aha! Ideas Portal.

By visiting this portal, you will be able to contribute towards the evolution of the Quantum solution through interactions with other Quantum users, FIS trusted partners and FIS staff from around the world. Each Portal User receives 5 votes. Each user is allowed 1 vote per idea. Votes are reset when an idea is in a final state i.e. Shipped (delivered in the product).

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Status Future consideration
Categories Tactical
Created by Mark Zumbraegel
Created on Oct 25, 2019

Ability to accumulate interest on Yield Periodic deals

These would be used to book accumulate/defer interest entries directly into the deal map. Currently works when entering via Bulk Replace Forward option in deal map. Additionally, this needs to be considered when calculating Limits.

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  • Admin
    Mark Zumbraegel
    Reply
    |
    Oct 1, 2020

    1) When they defer, they may or may not charge interest on deferred,

    2) they may also charge penalty interest on deferred amount (part of T&Cs),

    3) deferred interest may or may not be included in utilization amount depends on jurisdiction and T&Cs,

    4) sometimes that can't capitalized, cant be done all the time due to tax/jurisdiction reasons

  • Admin
    Mark Zumbraegel
    Reply
    |
    Jun 12, 2020

    Another option is to support periodic interest payments and loating rate on Yield Rolling. Then provide the ability to capitalize interest for an interest period in addition when the deal is rolled.