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Principal and Interest Payment Streams are not Netting to Zero for Zero Payment Periods (Doc ID 2629677.1)

Last updated on JULY 14, 2020

Applies to:

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

Symptoms

ACTUAL BEHAVIOR
---------------
When pricing a Loan contract that has stub days or periods at the start with a zero amount, streams are not being generated as expected for the zero amount days / period payments.

For example, the Interest Payment for the first zero payment is 971.84 but the Principal Payment is -971.89.  These differences result in an amount being billed or credited to the customer.

EXPECTED BEHAVIOR
-----------------------
Expect these values to net to zero to match the payment amount.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Author a Loan contract that has the following:
  a. Asset Unit Cost: 135923.69
  b. Payments:
  43 Stub Days @ 0.00
  24 Periods @ 3831.07
  23 Periods @ 2554.05
  1 Period @ 2554.03
2. Validate and price the contract.
3. Check the Principal and Interest Payment Stream amounts for the first payment.


Cause

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In this Document
Symptoms
Cause
Solution


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