Contents
- Index
Interfaces: Leveraged Financing
The leveraged fianancing interface will create a journal for exporting to an external ledger.
How To
The leveraged fianancing interface is always run for one full month. The date range is used to extract any leveraged fianancing that was active within that range.
You must select the Leveraged Banks in the grid to include in the journal extract.
Use the buttons in the Interface Run Option box to select the date range to use for this export.
All journals created will be passed to the Journal Export screen for review and export.
If you have more than one leveraged financing bank, you may limit the interface extract to the specific banks selected.
Test for Interest
Sometimes, the leveraged financing bank will not calculate interest based on the the number of days in the month. You can use this box to override the number of days that ALMSys uses to what the bank used.
Steps to override:
1. Set the calanders to the date range of the leveraged financing data.
2. Enter a control number in the test box that is in the bank's data.
3. Click the Calculate Interest button.
This will give you the beginning principal balance, the normally calculated principal and interest (Defaults column), and then 7 alternate interest calculation in the Interest column of buttons.
If the default interest amount is correct, then run the interface using one of the buttons in the teal box (Interface Run Options).
If the interest is correct on one of the Interest buttons, then click the correct interest button and then click the Run Using Interest Days Selected button.