bugLet me illustrate... - Bugs: bug #13870, Input extra asset charge has...

 
 

You are not allowed to post comments on this tracker with your current authentication level.

bug #13870: Input extra asset charge has inconsistent meaning

Submitter:  Greg Chicares <chicares>
Submitted:  Wed 20 Jul 2005 11:50:01 PM UTC
   
 
Category:  None Severity:  3 - Normal
Item Group:  lmi defect Status:  Fixed
Privacy:  Public Assigned to:  None
Open/Closed:  Closed

Thu 19 Jul 2018 09:54:44 PM UTC, comment #1: 

Resolved 20180605T1545Z by commit 7b0b9c31.

Greg Chicares <chicares>
Group administrator
Wed 20 Jul 2005 11:50:01 PM UTC, original submission:  

In this input field, one percent is entered as
  '100' (basis points) for some products, but
  '.01' (pure number) for others.
Actually, it is governed by database entity 'DB_AssetChargeType',
though that is not documented.

All other numeric input fields except overriding fund fee expect
pure (dimensionless) numbers. These two exceptions aside, all
numeric input is consistent, which seems desirable in itself.
Ideally, 'X%' would be accepted, too: then the common new-user
question "do I enter the interest rate as a percent?" could be
answered "do what you'd do in a spreadsheet"; and it wouldn't be
much harder to allow 'Y bp'.

Different user communities have become accustomed to this, so
making it work consistently is difficult, and poses a backward-
compatibility problem for input files saved in the past.

To add to the confusion, this field is presented in several
input skins as asset-based compensation, and indeed its internal
name is 'ExtraCompensationOnAssets', because that was the
original intention; but it's simply applied as an extra asset
charge, on separate-account assets only, and isn't correctly
taken into account in the compensation calculation: see
  https://savannah.nongnu.org/support/?func=detailitem&item_id=104413

Greg Chicares <chicares>
Group administrator

 

(Note: upload size limit is set to 16384 kB, after insertion of the required escape characters.)

No files currently attached

 

Depends on the following items: None found

Items that depend on this one: None found

 

Carbon-Copy List
  • -email is unavailable- added by chicares (Posted a comment)
  •  

    There are 0 votes so far. Votes easily highlight which items people would like to see resolved in priority, independently of the priority of the item set by tracker managers.

     

    Follow 2 latest changes.

    Date Changed by Updated Field Previous Value => Replaced by
    2018-07-19 chicares StatusNone Fixed
        Open/ClosedOpen Closed

    Back to the top

    Powered by Savane 3.13-3230.
    Corresponding source code