Payables and Cash Management - EBS (MOSC)

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Can XTR TMM deal accumulate monthly accrued interest postings, then reverse after 6 months?

edited Aug 20, 2021 7:43AM in Payables and Cash Management - EBS (MOSC) Question

XTR client/user requirement is to accumulate (post) monthly interest accruals, then reverse every six-months (corresponding with the semi-annual payment), opposed to posting & reversing each period (month). 

Month 1 accrual journal entry post amount = $16,00,000

     Month 2 accrual amount = $4,500,000

Month 2 accrual journal entry post amount = $20,500,000

    Month 3 accrual amount = $4,500,000

Month 3 accrual journal entry post amount = $25,000,000

    Month 4 accrual amount = $4,500,000

Month 4 accrual journal entry post amount = $29,500,000

     Month 5 accrual amount = 4,500,000

Month 5 accrual journal entry post amount = $34,000,000

     Month 6 accrual amount = $4,500,000

Month 6 accrual journal entry reversal amount = $38,500,000 | Make semi-annual coupon payment = $38,500,000

Month 7  accrual journal entry amount = $4,500,000

   Month 8 accrual amount = $4,500,000

Month 8 accrual journal entry amount = $9,000,000

Marc

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