Account rate run date next is Updated When "INDEX / MARGIN RATE CHANGE" Transaction Is Posted On Line Account (Doc ID 2956565.1)

Last updated on JUNE 27, 2023

Applies to:

Symptoms

ACTUAL BEHAVIOR
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For Line accounts, auto rate change process does not exist, hence the account rate run date next date is stamped as 31 Dec 4000 (max) however when "Index/Margin Rate Change " transaction is posted on account, then Account rate run date next is also getting modified.


EXPECTED BEHAVIOR
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Account rate run date next date should not be modified after posting "Index/Margin Rate Change" transaction and should be retained as 31 Dec 4000 (original prior posting transaction) on line of credit accounts.

STEPS
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The issue can be reproduced at will with the following steps:
1. Select/Create any line account.
2. Post "Index/Margin Rate Change" transaction on line of credit account

BUSINESS IMPACT
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The issue has the following business impact:
Due to this issue, users having issue with line account when rate change transaction is posted.

Cause

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