How frequently is the interest calculation program executed?

The interest calculation program in GFEBS is executed daily to ensure that financial data remains accurate and up-to-date. Daily execution allows for real-time tracking of interest accruals on outstanding debts, which helps facilitate timely decision-making and ensures compliance with regulations regarding financial reporting and debt management. By calculating interest on a daily basis, the system can provide the most accurate financial position on a consistent basis, which is essential for effective debt management. This timely approach also aids in maintaining transparency and accountability within the financial processes.