Security Instrument saved with coupon frequency as Half Yearly has generated corporate action weekly
(Doc ID 2582810.1)
Last updated on JUNE 21, 2021
Applies to:
Oracle FLEXCUBE Universal Banking - Version 12.3 and laterInformation in this document applies to any platform.
Symptoms
On : 12.3 version, Production Support-SET
ACTUAL BEHAVIOR
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Corporate Action is generated every week instead of half yearly which is the actual coupon frequency of a security instrument
EXPECTED BEHAVIOR
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Coupon payment should be fired by SYSTEM in half yearly frequency which is defined
STEPS
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The issue can be reproduced at will with the following steps:
1. Create a new Security
2. Maintain coupon schedules with half yearly frequency
3. Check the SYSTEM populated schedules populated on save.
BUSINESS IMPACT
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The issue has the following business impact:
Due to this issue, Coupon payment is collected every week instead of User defined schedule
Changes
Cause
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In this Document
| Symptoms |
| Changes |
| Cause |
| Solution |
| References |