SE- Redemption Of Security Has Not Zeroed The Position
(Doc ID 2548475.1)
Last updated on JUNE 21, 2021
Applies to:Oracle FLEXCUBE Universal Banking - Version 12.2 and later
Information in this document applies to any platform.
If the instrument is on its ex -days expectation is that even if system does not calculate any coupon in its ex-days it should not prevent the instrument to be redeemed.
If a bond is bought in its ex-days and if it will not be redeemed it will leave it with an open position which is not correct.
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