Interest Calculation Service Failed

Owned by Devan Robertson

Last updated: Dec 12, 2024 by Kristafanie Somers

1 min read

Description
Details	A calculator is provided to determine the amount of interest charged after clicking the Interest Calculation button.
SLA	None
Assignment Group	Daily Maintenance

Overview

When the interest calculation feature is enabled but fails to complete the action, this assignment prompts an analyst to complete the calculation.

How-To

Step 1: Click the Interest Calculation button.

Step 2: Complete the calculator fields with the account's interest rate and the start and end dates of the interest accrual period per your firm's protocol.

Step 3: Click the Calculate button.

Step 4: Click the Apply button.

Step 5: Click the Process Actions button.