Interest Accrual, Posting, and Payment
Chinese source: 计息、结息与付息
Locale: en-US
Audience: Internal learning
Key Terms
| Chinese | English | Usage Note |
|---|---|---|
| 计息 | Interest Accrual / Interest Calculation | Accrual emphasizes recognition; calculation emphasizes computation. |
| 结息 | Interest Posting / Interest Settlement | Use posting when interest is booked to an account. |
| 付息 | Interest Payment | Payment or crediting of confirmed interest. |
| 起息日 | Value Date | Date from which interest starts. |
| 实际利率 | Actual Rate | Rate actually used in a transaction. |
Concept
Interest accrual, interest posting, and interest payment are related but different.
text
Accrual/calculation is how interest is computed. Posting/settlement confirms interest at a point. Payment gives or credits it to the customer.Differences
| Concept | Plain-English Meaning | Focus |
|---|---|---|
| Interest accrual / calculation | Calculate interest by principal, rate, days, and rules. | Rate, value date, days, method. |
| Interest posting / settlement | Confirm interest for a period at a scheduled point. | Cycle, posting date, amount. |
| Interest payment | Pay or credit confirmed interest. | Payment account, date, amount. |
Key Fields
| Field | Reading |
|---|---|
| Value date | Date interest starts accruing. |
| Maturity date | End date for a time deposit. |
| Term | Time deposit term, such as one year or three years. |
| Rate | Base ratio used to calculate interest. |
| Negotiated rate | Rate agreed by customer or product rule. |
| Actual rate | Rate actually used for the current transaction. |
| Maturity rate | Rate applicable or displayed at maturity. |
| Withdrawal interest | Interest settled during withdrawal. |
| Accrued interest | Interest calculated but not necessarily paid. |
| Paid interest | Interest already paid or credited. |
| Next interest payment date | Next scheduled payment/posting date. |
Demand vs. Time Deposit Interest
Demand deposits usually follow DDA/checking/savings interest rules and interest cycles. Time deposits use term, value date, maturity date, and time deposit rate. Early withdrawal may use a lower actual rate than the maturity rate.
Rollover and Interest
At maturity, interest may be paid out, credited to a receiving account, or rolled into the next principal depending on rollover method.