PER-DIEM AMOUNT IS 0.00 WHEN QUOTE CREATION DATE = QUOTE EFFECTIVE FROM DATE

(Doc ID 1948902.1)

Last updated on NOVEMBER 07, 2017

Applies to:

Oracle Lease and Finance Management - Version 12.1.3 and later
Information in this document applies to any platform.

Symptoms

On : 12.1.3 version, Asset Management

ACTUAL BEHAVIOR
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Find that on a termination quote for a Loan product with Catchup/Cleanup and Streams, where the quote is not accepted yet, the Per-Diem Amount is 0.00 when Quote Creation Date = Quote Effective From date.
However, when the quote is accepted and billed, the correct amount is invoiced.

EXPECTED BEHAVIOR
-----------------------
Expect to show Per-Diem amount for one day and not zero, even though the invoice might not get generated after the quote is accepted.

STEPS
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The issue can be reproduced at will with the following steps:
1. Using lease super user responsibility, create a contract for Loan product with Catchup/Cleanup and Stream values.
2. Book the contract and Bill
3. Create a termination quote where Quote Creation Date = Quote Effective From date
4. Observe the Per-Diem amount shows as 0.00 in the General tab.
5. Create another termination quote for the same contract where Effective From Date = Today’s Date Plus one Day
6. Observe the Per-Diem amount shows one day per-diem
7. Create another termination quote for the same contract where Effective From Date = Today’s Date Plus two Days
8. Observe the Per-Diem amount shows one day per-diem

Changes

 

Cause

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