FX - Value Date In Accounting Is Wrong For Back Value Dated Booked Contract
(Doc ID 2581657.1)
Last updated on AUGUST 26, 2019
Applies to:Oracle FLEXCUBE Universal Banking - Version 12.0.3 and later
Information in this document applies to any platform.
Accounting entry value date is populating as today's date , even if contract booked with back value date. The is for LIQD event. As per business expectation System should consider the value date which is been passed by the user from application rather setting the date by default as booking / application date.
Due to this issue, users cannot able to initiate back value FX deals which impacts the bank foreign position.
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