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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 Unlikely to implement
Created by Piotr Holda
Created on Jul 22, 2024

RELATED IDEAS

Correct WHT calculation for unwind of money market based on overnight index rates

When unwinding an overnight Index rate-based Money Market deal before the maturity date, the withholding tax is not being calculated according to what we expect. Expectation is that when a MM using ON Index is unwound, the deal map separates the withholding tax from the interest.

Seperate WHT fr...
Seperate WHT from Interest at Deal Map during Unwind for SOFR deals.docx
 Seperate WHT from Interest at Deal Map during Unwind for SOFR deals.docx
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Seperate WHT from Interest at Deal Map during Unwind for SOFR deals.docx
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  • Admin
    Mark Zumbraegel
    Reply
    |     Oct 10, 2024

    Hi there,

    For an Unwind, we display only the gross amount in the deal map, without showing the Tax/Interest split. However, this split is represented in the GLs. If you encounter any issues with the split in the GLs, please raise an issue.

    Changing the deal map to show the split would require significant development effort, as it involves modifications to the deal map. From our perspective, there are no clear functional benefits to this change since the split is already handled in the GLs. Therefore, we would need a very compelling functional reason to consider a change to the status of this Idea.

    3 replies