Disabling Compounding Interest From Loan Contracts ( Enhancement Request )
(Doc ID 2907540.1)
Last updated on NOVEMBER 10, 2022
Applies to:
Oracle Lease and Finance Management - Version 12.2.7 and laterInformation in this document applies to any platform.
Symptoms
On : 12.2.7 version, Lease Authoring
ACTUAL BEHAVIOR
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Enhancement Request for disabling compounding from Loan Contracts
EXPECTED BEHAVIOR
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In existing functionality interest is always compounded in billing due dates,
regardless of the payment amount.
Need to disable compounding in loan contracts.
STEPS
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The issue can be reproduced at will with the following steps:
1.(R) Lease Super User-->(N) Update the SGT flag to 'Payments greater than earned interest'
2. Create a loan contract with above SGT
3.Give payments with skip periods
4.Once pricing is done, check the interest/principal/payment streams,
5.skip periods will not have any interest amount calculated.
Changes
Cause
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In this Document
| Symptoms |
| Changes |
| Cause |
| Solution |
| References |