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Incorrect LC Commission Amount Arrived After Linking RP Functionality (Doc ID 2550520.1)

Last updated on SEPTEMBER 10, 2019

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.0.1 and later
Information in this document applies to any platform.

Symptoms

User has created a LC contract for 100000 BTN having 0.75% commission per annum for 360 Days tenor. It should work out to 741.78. After this RP benefits should have been applied which user has defined as 200 (Fixed Amount)
Final commission after considering the RP benefits should be 741.78 – 200 = 541.78. But system posted the final commission as 1141.78 which is Incorrect.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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