Loans Period for First Installment on Amortization Tab is Incorrect if Using the Sysdate for Loan Start Date

(Doc ID 2115676.1)

Last updated on JULY 12, 2016

Applies to:

Oracle Loans - Version 12.2.2 and later
Information in this document applies to any platform.


When a Loan is created using the Sysdate as the start date and the sysdate as the first payment date, the Period in the Amortization schedule is incorrect.


Created Loan
  Start Date 26-FEB-2016
Interest Rate Tab
  Changed first payment to Start Date 26-FEB-2016

Amortization Tab -
  First Payment due on 26-FEB-2016

Period Dates for first installment is incorrect

  Period 26-FEB-2016 - 25-FEB-2016
  Due Date 26-Feb-2016

Period Dates for next installment and all others are correct:
Next Payment checked - Due 26-Mar-2016

  Period 26-FEB-2016 - 25-MAR-2016
  Due Date 26-Mar-2016


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