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How does Oracle calculate interest rate which matures in a leap year?

in Payables and Cash Management - EBS (MOSC) 5 commentsAnswered

R12.2.10 Treasury Module

We have TMMs , they have been settled in 2023 but will mature in 2024, so when I make regular interest rate calculation I am not able to find the figures that oracle has calculated for Dec-2023 and Jan-2024 periods.

For example

The method is actual/actual

Start Date:21.12.2023

Maturity Date:21.03.2024

Principal Amount:50,000,000.00

Rate:3.25

so according to my logic, the part that falls in 2023 should be calculated based on 365 days but it seems Oracle's calculation is different and it is not 366 also.

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