Problem With Calculation Of Interest Rate In Current Amortization

(Doc ID 1594416.1)

Last updated on OCTOBER 25, 2017

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.

Example:
You create a loan of Rs. 390000.00, interest rate is 13.75%,
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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