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New Interest Calculation Methods act/actP and act/actY for Release F4.02 ( RELNBANK_402_EGK_ACTACT )

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Short text

New Interest Calculation Methods act/actP and act/actY for Release F4.02

Description

Release F4.02 introduces two new interest calculation methods:
'act/actP' and 'act/actY'

The DAY BASE methods have the following meanings:

• 'actP'
  The 'P' stands for 'Period' and indicates that the actual number of days in a period are used in the calculation. In this process, the number of days in the period are multiplied with the number of periods per year to give the total number of days in the year.

• 'actY'
  The 'Y' stands for 'Year' and indicates that the actual number of days in a calendar year - 366 days in a leap year, otherwise 365 - are used in the calculation. If a calculation period covers two calendar years and one of the years is a leap year, the calculation is done in two steps.

Damage caused to data by errors

Software/hardware requirements

Installation information

Effects on System Administration

Effects on Customizing

Effect on batch input

Changes to the Interface

Changes in procedure

Procedure for removing dataset errors

Dependent functions

Planning

Further notes

For further information see note 0109587 or the documentation.

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