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Federal Receivables: Finance Charges With CVFR Using Run Date Interest Rate and not Due Date Interest Rate of The Transaction. (Doc ID 2679845.1)

Last updated on JUNE 25, 2020

Applies to:

Oracle U.S. Federal Financials - Version 12.1.3 and later
Oracle Receivables - Version 12.1 and later
Information in this document applies to any platform.


 R12 Federal Receivables.

 When generating Finance Charges using the CVFR (Current Value of Funds Rate) functionality, the finance charges are using the current rate and not the rate when the transaction was due.
 Define CVFR rates.

 The Rate was set to 1% From Jan 1 2010 to Dec 31 2019
 Then the rate changed to 2% Starting in Jan 1 2020

Run Finance charges for invoice where the due date is November 2019 (should be of 1 percent rate)

The Charges on the invoice however gets calculated with the latest rate of 2%.






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In this Document
 1. Bug Summary
 2. Fixed Files
 3. Recommended Patches
 4. Solution Steps

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