Cur_Book_Bal Value Used Instead of Cur_Par_Bal When Using Prepayment Rule for Early Redemption With User Defined Redemption Tenor Option (Doc ID 2202235.1)

Last updated on NOVEMBER 16, 2016

Applies to:

Oracle Financial Services Asset Liability Management - Version 8.0.2 and later
Information in this document applies to any platform.
Oracle Financial Services Analytical Applications (OFSAA)
Oracle Financial Services Asset Liability Management (ALM)

Symptoms

On ALM 8.0.2, it appears that the Cur_Book_Bal value is being used instead of Cur_Par_Bal when using a prepayment rule for Early Redemption with user defined redemption tenor option. This issue affects the prepayment Financial Elements (FE) 180 and 210.

ACTUAL BEHAVIOR

Cur_Book_Bal value being used instead of Cur_Par_Bal when using prepayment rule for Early Redemption with user defined redemption tenor option. This issue affects Financial Elem ID 180, 210.

When using Early withdrawal based on scheduled payments, Cur_Par_Bal is used.

EXPECTED BEHAVIOR

Cur_Par_Bal should be used when using prepayment rule for Early Redemption with user defined redemption tenor option.

Cause

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