To calculate repayment interest manually and set off against COTAX consider steps 1 – 9. The guide is presented as follows

Steps 1 – 4
Steps 5 – 9

Calculate repayment interest manually

(1) Determine the CTSA material dates (Word 56KB) / CTPF material dates (Word 56KB).

(2) Determine the date on which the repayment will be issued.

(3) Use function RINT (Repayment Interest Calculation) to make the calculation using the following details:

the day after the material date

date on which repayment will be issued

the amount of the repayment.

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