SAP Note 1402058 - Exponential interest calculation: Redundant interest amounts

Component : Financial Mathematics - Consumer and Mortgage Loans

Solution : https://service.sap.com/sap/support/notes/1402058 (SAP Service marketplace login required)

Summary :
In SAP environments dealing with loans subject to exponential interest calculation, a system error leads to an incorrect accrual of interest amounts. Specifically, the system erroneously adds interest from the time of loan repayment (where the residual balance is zero) to the period-end. This issue stems from configurations detailed in Note 680131. To correct this, users should apply the advanced correction steps provided or import the relevant Support Package to ensure accurate interest calculations.

Key words :
attached correction instructions, relevant support package, system adds interest, exponential interest calculation, interest capitalization reason, interest amounts, terms exponential, residual balance, prerequisites note 680131, solution implement

Related Notes :

1641621RZH: exponentielle Zinsen werden falsch gerechnet
1099591Payoff: Adjusting end of term or exponential intrst calcltn
680131Exponential interest calculation: Missing interest amounts