Revolving Loan: Unscheduled Principal Payment Start Dates Do Not Match Principal Paydown Dates

(Doc ID 2308005.1)

Last updated on SEPTEMBER 15, 2017

Applies to:

Oracle Lease and Finance Management - Version 12.2.5 and later
Information in this document applies to any platform.

Symptoms

On : 12.2.5 version, Lease Authoring

ACTUAL BEHAVIOR
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When an Unscheduled Principal Payment is processed a Payment is created in the contract.
However, the Payment Start Date does not always match the Principal Paydown Date.

EXPECTED BEHAVIOR
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Expect the Paydown Date to be used as the Payment Start Date

STEPS
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The issue can be reproduced at will with the following steps:
1. Create and Book a Revolving Loan Contract
2. Create a funding request and transfer to Payables
3. Validate and Pay the Invoice in Payables
4. Process 'Loan Balances Update program'
5. Then create the following Principal Paydown's in Lease Center:
  a. Create a PPD on 25-Jul-16. It completes successfully. Payment Start date on Contract is shown as 25-Jul-16.
  b. Create a PPD on 20-Aug-16. It completes successfully. Payment Start date on Contract is shown as 26-Jul-16.
  c. Create a PPD on 25-Aug-16. It completes successfully. Payment Start date on Contract is shown as 27-Jul-16.
  d. Create a PPD on 29-Aug-16. It completes successfully. Payment Start date on Contract is shown as 29-Aug-16.
  e. Create a PPD on 20-Sep-16. It completes successfully. Payment Start date on Contract is shown as 30-Aug-16.
  f. Create a PPD on 21-Sep-16. It completes successfully. Payment Start date on Contract is shown as 31-Aug-16.
  g. Create a PPD on 22-Sep-16. It completes successfully. Payment Start date on Contract is shown as 22-Sep-16.
  h. For some of the PPD’s, the payment start date on the contract does not match the actual PPD date

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot generate Payments with the correct dates.

Cause

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