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Problem With Calculation Of Interest Rate In Current Amortization (Doc ID 1594416.1)

Last updated on FEBRUARY 21, 2019

Applies to:

Oracle Loans - Version 12.1.3 and later
Information in this document applies to any platform.

Symptoms

On : 12.1.3 version, Amortization

System calculate wrong interest amount in Current Amortization.

Principal and interest payment frequency is quarterly and interest calculation method is compound.

Compounding frequency is quarterly, in original amortization schedule the principal and interest calculation is Good.
Generate billing for the principal amount the interest calculation in Current Amortization schedule is showing wrong amount when the principle and interest is not paid.

System should not calculate wrong interest amount in Current Amortization.

Cause

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In this Document
Symptoms
Cause
Solution
 1. Bug Summary
 2. Fixed Files
 3. Recommended Patches
 4. Solution Steps
 5. Enhancement Request
 Still Have Questions?
References


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