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Bills and Collection : Interest Wrongly Refunded During Final Liquidation of a Partially Liquidated Loan (Doc ID 2580710.1)

Last updated on MARCH 12, 2021

Applies to:

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

Symptoms

On : 12.0.1 version, Production Support-CET

ACTUAL BEHAVIOR
---------------
 
Bill is liquidated partially before maturity date and the system has refunded the correct interest to the customer.
But on final liquidation, system has refunded the wrong amount to the customer.


EXPECTED BEHAVIOR
-----------------------
On full liquidation of the bill system should be refunded the correct amount to the customer.

STEPS
-----------------------
Simulation Steps:

1.Launch BCDTRONL.

2.Perform Partial liquidation.

3.Run couple of End of Day (EOD).

4. Perform full liquidation of the bill and Save and Authorization.


BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, bank is loosing the huge interest amount and huge amount is getting credited to the customer.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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