4.3.2.2 Floating Type of Interest
- The system defaults the floating rate of each component based on the split amount and split tenor.
- The sub-components are processed with the corresponding split amount and split tenor to get floating interest rate.
- If customer Margin is maintained for the customer and currency combinations, then the system will process the bill amount for each split to derive the customer margin to be applied for the interest component calculated for the respective split.
Parent topic: Process Interest for Multi Tenor Bills