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Need LNS: Mass Update Floating Rate Loans to Update by Date or Installment (Doc ID 2046145.1)

Last updated on NOVEMBER 21, 2017

Applies to:

Oracle Loans - Version 11.5.10.3 and later
Information in this document applies to any platform.

Symptoms

You need 'LNS: Mass Update Floating Rate Loans' to update loans by date or installment.

The LNS: Mass Update Floating Rate Loans program updates by installment only. It is currently not possible to update by date.

For example:
If the installment date is 01-May to 31-May, and the interest rate changes on 20-May from 3% to 4%, the system should calculate 19 days at 3% (May 1-19), and 12 days at 4% (May 20-31).
Currently, the system will calculate 4% for the entire installment, as the rate change is by installment only.

Cause

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