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While Processing A Change Of Term To Extend Maturity Date The Updated Term Does Not Match. (Doc ID 3022827.1)

Last updated on MAY 15, 2024

Applies to:

Oracle Financial Services Lending and Leasing Cloud Service - Version 14.12.0.0.0 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
While processing a change of term to extend maturity date the updated term does not match.

EXPECTED BEHAVIOR
-----------------------
System should calculate and update the term correctly when processing a change of term during extend maturity date.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Create an account.
2. Post the Extension transaction.
3. Verify the above fields.
4. Run next bill
5. Post the Extn override transaction
6 verify that Extn term and total term are updated correctly.


BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot have the correct term calculated and shown in the account information screen during change of term to extend maturity.

Cause

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In this Document
Symptoms
Cause
Solution


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