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Security Instrument saved with coupon frequency as Half Yearly has generated corporate action weekly (Doc ID 2582810.1)

Last updated on SEPTEMBER 05, 2019

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.3 and later
Information in this document applies to any platform.

Symptoms

On :  12.3 version, Production Support-SET

ACTUAL BEHAVIOR  
---------------
Corporate Action is generated every week instead of half yearly which is the actual coupon frequency of a security instrument

EXPECTED BEHAVIOR
-----------------------
Coupon payment should be fired by SYSTEM in half yearly frequency which is defined

STEPS
-----------------------
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
-----------------------
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


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