CL Simple & Amortized interest Formula Together
Last updated on SEPTEMBER 01, 2016
Applies to:Oracle FLEXCUBE Universal Banking - Version 12.1 and later
Information in this document applies to any platform.
In CL, there are products where the bank has both Simple Interest and Amortized reducing interest.
In order to cater to this, user tried to keep the formula type as Amortized Reducing and give simple formula in MAIN_INT_FRM_1 and amortized formula in MAIN_INT_FRM_2. After giving the details product is saved successfully.
However when we fetch the same product again, it shows both the formula as AMORTIZED formula.
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