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System Calculated The Penalty Of Loan For Less Number Of Days (Doc ID 2566798.1)

Last updated on JULY 19, 2019

Applies to:

Oracle FLEXCUBE Universal Banking - Version 11.2 and later
Information in this document applies to any platform.

Symptoms

On : 11.2 version, Production Support-SET

ACTUAL BEHAVIOR
---------------
CL loan account incorrect penalty is getting computed, the schedule is overdue for 315 days but the penalty computed is for 311 days.
EXPECTED BEHAVIOR
-----------------------
System should calculate the correct penalty

STEPS
-----------------------
The issue can be reproduced with the following steps:
1. Script will be shared for recalculating penalty, as penalty calc happens in EOD

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, incorrect penalty is shown to user.

Cause

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In this Document
Symptoms
Cause
Solution


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