Amortization for treasury bills
When amortizing a treasury bill at month end with amortization method LAC, the system does not include the last day in the calculation, so I miss every month end one day. In a previous project this was solved by just adding a day for the amortization calculation date: so if month end is 31/01/2011, we just put 01/02/2011 and it will calculate it correctly.
Since on my new project business also has a problem with this I was wandering if there was a better solution? I couldn't find anythin on OSS Notes
help is appreciated!!