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Interest Calculation Program is not Picking any Pre-funded or Asset Funded Transaction to Calculate (Doc ID 2307034.1)

Last updated on FEBRUARY 03, 2019

Applies to:

Oracle Lease and Finance Management - Version 12.2.6 and later
Information in this document applies to any platform.

Symptoms

On : 12.2.6 version, Variable Interest Rate

ACTUAL BEHAVIOR
---------------
Find that Interest calculation program is not picking any Pre-funded or asset funded transaction to calculate Interest.

EXPECTED BEHAVIOR
-----------------------
Expect the Interest Calculation program to process the records

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Created contract using Eligible for Pre-funding as 'YES'
2. Entered the Terms and conditions as below
  Interim Interest as 'Billed'
  Bill at Booking 'NO'
  Bill To 'LESSEE'
  Interest Calculation Formula 'INTERIM_INTEREST'
  Interest 'FIXED'
  Base Rate '10'
  Late Charge 'BILLED'
3. Created funding request, submitted and Approved.
4. Payable jobs submitted, AP invoice generated and Paid, Updated the Check date to History Date.
5. Interest Calculation job submitted-None picked.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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