We have engage in joint venture real estate transactions and currently when booking this item they are not using a daily interest rate but instead want to use a monthly average interest rate on these items. From my understanding the interest rate is defined at the time of the transaction and would take the last effective similar to an exchange rate. How the business does not receive this rate until the last day of the month. For example if they receive it for the month of May on May 31st then they would like to be able to put that rate in for May as an average and have everything that happen that month be based on this rate. My understanding is they would have to put it in as May 1st to be able to do that but even then if something has occurred and posted through the month it will not revalue those items with the average through standard SAP.
Is there a way to revalue the loan interest rate after the loan has posted?