CDDVAMND - Capitalised Schedules - Change In Day Count Basis Not Reflected In Interest Calculation
(Doc ID 2582295.1)
Last updated on SEPTEMBER 06, 2019
Applies to:Oracle FLEXCUBE Universal Banking - Version 22.214.171.124.0 and later
Information in this document applies to any platform.
On : 126.96.36.199.0 version, Implementation Support
The Main Component of a Bearing - Capitalized Deposit contract is amended (CDDVAMND) to change the Interest Basis ( Day Count) -- Actual/360 to Actual/ Actual in this case.
The change is reflected in the' Interest Basis' column of cftb_contract_interest but the 'ICCF_Calc_Method' of ldtb_contract_interest retains the old value. Hence the interest is not recalculated with the Day Count parameter.
This issue appears to be specific to the Capitalised set up. The same operation in a Bearing - Normal deposit resulted in the Calc Method being correctly updated even though the CAMD event is passed in both cases.
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