Full support for interest-based assets like bonds, deposits or loans (once liabilities are supported).
You have the option to choose “interest” as the price source for an asset - bonds and deposits would use it be default.
You can specify the yearly rate, and coupon payout schedule.
The rate can change in time.
The coupons would be recorded as Interest transactions - just like Dividends are for Stocks.
The interest would would be applied from the date when position unit has been opened - therefore you can open multiple deposit positions on the same asset and each will have it’s own interest payout schedule and rates.
Early Access is on!
You can enable preview of this feature in Settings / Early Access.
Once you do, you can edit any asset (apart from Cash) and change it’s Price to Interest.
At the moment, only static interest is possible, with dynamic interest coming soon.
But you can already configure compounding and payment intervals, amortization, baloon payments and length. All payments and amortization events are created automatically.
What do you mean by shorter duration? Like a 3 month deposit?
What I’m thinking now is that you specify the annual rate which can change throughout time, and optional coupon payouts. Actually I didn’t even think about automatically closing the position, but that could be an option as well.
So for what is worth, you could even keep the position open for a day, so this could support savings accounts as well.
Yes. Shorter than one year CD/ Bond that has a known expiry date and maybe I know the annual interest rate and it just payes interest on expiray. It might also be a 0 coupon asset that is sold at a discount and you get the par value at maturity so Capitally needs to calculate the return rate.
A new version is being released with proper dynamic rates and many fixes.
It’s now possible to model most interest-bearing assets - here it’s Polish 10y government bonds. As you can see, they use 30E/360 day counting convention, but there are many others depending on the needs (it defaults to Actual/Actual).
And yes, you can have assets that have different interest rates and compounding frequencies depending if balance is positive or negative.
If you tried it before, you may have project conflicts now, as the format had to be changed. You will need to delete the incompatible changes from the history.
