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Loans Amortization Custom Schedule Does Not Calculate Correct Date, Fixed via Profile LNS: Shift Payment Start Dates Procedure (Doc ID 1638348.1)

Last updated on JULY 01, 2018

Applies to:

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

Symptoms

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.

Cause

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