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For Feb Month TAMPRC Job Is Calculating The Amortization Values only for 28 Days even though the method is 30/360 (Doc ID 2879114.1)

Last updated on JUNE 26, 2022

Applies to:

Oracle Financial Services Lending and Leasing Cloud Service - Version 14.10.0.0.0 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
For Feb Month TAMPRC Job Is Calculating The Amortization Values only for 28 Days even though the method is 30/360

EXPECTED BEHAVIOR
-----------------------
System should consider 30 days for all months including Feb month

STEPS
-----------------------
The issue can be reproduced at will with the following steps:


1.Tools Calculator

2. Input the values for lease calculation with billing cycle annual

3.Run the TAM job every month end

4. Check the interest calculated for February month

5. February month it considers 28 days instead of 30 days. Method is 30/360

 

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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