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Handling of Sweeps in case of cross currency setup between primary and cover accounts (Doc ID 2505426.1)

Last updated on NOVEMBER 21, 2019

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.0.3 and later
Information in this document applies to any platform.

Symptoms

When a loan flagged for funds verification for ALIQ is linked to a settlement account(either with or without OD facility), which it turn is linked to cover accounts in currencies different from the primary account’s currency, the internal conversion of amounts across primary account and cover accounts’ currencies is leading to accounting balance errors (AC-OVD01/ACOVD02) for the cover account.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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