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PROBLEM: Principal outstanding is wrong after VAMI on partially pre paid bullet schedule loan (Doc ID 2542952.1)

Last updated on SEPTEMBER 09, 2019

Applies to:

Oracle FLEXCUBE Universal Banking - Version 11.4 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
principal outstanding is wrong after VAMI on partially pre paid bullet schedule loan

Steps

1.Book a loan with zero interest and having only bullet principal schedule
2.Do a partial prepayment
3.Do a VAMI to increase the maturity date
4.Do a partial prepayment
5.Do a VAMI

Step 5 the PRINCIPAL component outstanding balance is going wrong

EXPECTED BEHAVIOR
-----------------------
System should properly re calculate the schedules during prepayment and should not change the schedules during vami.


BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot Do vami after prepayment





Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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