13863065 Interest Calculation Incorrect On Custom Schedule When Prepayment Is Made (Doc ID 1450573.1)

Last updated on FEBRUARY 23, 2015

Applies to:

Oracle Loans - Version 11.5.10.2 and later
Information in this document applies to any platform.

Symptoms

When you add manual payments to a loan already in progress, the interest on the next scheduled payment is calculated based on the date of the manual pre-payment and not the date of the last scheduled payment.

Cause

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