InterestRoundType

Description
Interest Rounding Type

Type : OLI_LU_ROUNDMETH
DescriptionNameValue
OtherOLI_OTHER2147483647
Round UpOLI_ROUNDMETH_ROUNDUP3
Round using 5/4 rounding to the number of decimal places indicated in RoundingPrecisionOLI_ROUNDMETH_ROUND1
Truncate to the number of decimal places indicated in RoundingPrecisionOLI_ROUNDMETH_TRUNC2
UnknownOLI_UNKNOWN0

Definition
Identifies whether the fractional cents of the calculated interest amount will be rounded off, or truncated when the interest is calculated for an interest bearing investment.Different processing and business rules may be available for truncated interest amounts. Those rules are carrier/issuer specific, and no implication is assumed here.

Parents
AllocTypeProduct SubAccount