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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
Created by Chris Hitch
Created on Apr 20, 2022

RELATED IDEAS

Split period calculation involving multiple WTAX RATEs within a single period

AQT-69074

Tax rates are applied on a cash basis within Quantum, in that a single WTAX RATE is applied against an INTEREST deal map item to calculate the WHT Gross Up. It is currently not possible to have a split period calculation involving multiple WTAX RATE's within a single period.
The WHT accrual for the period to 31 Jan=25,000,000*0.0208125/360*17/(1-0.12)*0.12 =3,350.50
The WHT accrual for the 15 Apr INTEREST payment = 25,000,000*0.0208125/360*91/(1-0.12)*0.12 =17,935.01

This would require a Modification.

Clients expected calculation
=25,000,000*0.0208125/360*12/0.9*0.1+25,000,000*0.0208125/360*5/0.88*0.12 = 2,912.52

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1 MERGED

Fix calculation when witholding tax is changed in the middle, where Quantum takes the new rate for the full period instead of pro-rating it.

Merged
In Quantum, witholding tax does not apply by periods but rather applies the latest rate to all the life of a deal. Currently, users are working around it by putting average rates between two to arrive to the same calculation in QTM but the system ...
Young Choi about 1 month ago in  1 Future consideration