Loans Amortization Custom Schedule Does Not Calculate Correct Date, Fixed via Profile LNS: Shift Payment Start Dates Procedure
Last updated on JULY 01, 2018
Applies to:Oracle Loans - Version 12.1.3 and later
Information in this document applies to any platform.
Amortization Custom Schedule does not calculate correct subsequent date for semi-annual frequency (15 Mar-15 Sep). Instead, it calculates as 15-Mar-14-Sep.
Steps to Reproduce:
Create a Loan
Select Customize Schedule
Change Subsequent dates
If you choose the frequency as Semi-Annual, the dates are not changed exactly to six (6) months.
You may get the same problem using Loans API.
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