RateCriteria Element of InterestRateCode Business Rule Not Being Utilized by the Code
Last updated on NOVEMBER 28, 2017
Applies to:Oracle Insurance Policy Administration J2EE - Version 10.2.0.0 to 10.2.0.29 [Release 10.0]
Information in this document applies to any platform.
The <RateCriteria> element is a supported part of the configuration of the InterestRateCode business rule.
In conjunction with the InterestRateCriteria BR, it allows a Criteria column in AsRate to be defined which can then be used in the retrieval of the correct interest rate from AsRate.
Right now, the code appears to be ignoring the defined RateCriteria.
The code should use the defined Criteria column in the RateCriteria element in retrieving the correct rate from AsRate.
Impact on Business
The code is not retrieving the correct interest rate, resulting in wrong interest being credited to the customer.
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