PROBLEM: Rate revision (REVN) event is increasing PRINCIPAL balance in schedules for CL contracts
(Doc ID 2566781.1)
Last updated on JULY 29, 2019
Applies to:Oracle FLEXCUBE Universal Banking - Version 12.0.3 and later
Information in this document applies to any platform.
1.Bank makes balloon payment.
2.Rate Revision is done and EOD is executed.
3.After this,contract last installment amount is doubled with
the principal amount after the REVN event. due to which schedule principal
amount differ with the total amount disbursed to the customer.
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