Calc Types (Investments)

Screen ID: 

Screen Title: 

Panel Number:

UINVS-07

Calc Types

6484

 

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Access this screen by selecting the lookup for Calc Type when Adding or Editing an investment from Tool #993 INV 1: Work With CU Investments (Investment Dashboard)

This screen displays the income accrual calc types and descriptions. Highlight the desired calc type code and choose "Select" to add to the investment record.

Enter one of the following codes to indicate how income accruals should be calculated for this investment:

Based on 365 days (365): Income will be calculated using the following formula:

Coupon Rate ¸ 365 ´ Principal Value ´ No. of days since Last Accrued Date

Based on 360 days,daily accrual (36D): Income will be calculated using the following formula:
Coupon Rate ¸ 360 ´ Principal Value ´ No. of days since Last Accrued Date

Based on 360 days,monthly accrual (36M): Income will be calculated using the following formula:
Coupon Rate ¸ 360 ´ Principal Value ´ 30 days

  • IMPORTANT: Investments with this calculation type will always accrue a full 30 days of income, even if the accrual is run more than once during the same month. Extra care should be taken when running accruals for investments with this calc. type.

Based on 366 days (366): Income will be calculated using the following formula:

Coupon Rate ¸ 366 ´  Principal Value ´ No. of days since Last Accrued Date

Based on a fixed rate (FIX) - The accrual amount will be the same each time it is processed, using the amount shown in the Amount field described below.

No accrual (NO) - No income will be calculated for this investment.

 

Helpful Links

CU*BASE Investments Overview and Step-by-Step Procedures