Accrual factors represent the period-to-date factor for a given effective date. The system uses this factor during the earnings processto calculate the accrual ptd for a holding. For example, an accrual factor with an effective date of January 9 would include all the interest up to and including January 8. The system multiplies the accrual factor by the position’s current quantity and price multiplier to determine the ptd accrual value.
...