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FCIS: Issue In UTSCOINQ -> Dividend Accrual Screen (Doc ID 2584663.1)

Last updated on SEPTEMBER 25, 2019

Applies to:

Oracle FLEXCUBE Investor Servicing - Version 12.4.0.0.0 and later
Information in this document applies to any platform.

Symptoms

On : 12.4.0.0.0 version, Implementation Support

ACTUAL BEHAVIOR
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Issue in UTSCOINQ -> Dividend Accrual screen

Dividend Accrual screen is showing the old value for redemption dividend amount without subtracting the amount paid out to this reversed redemption.

EXPECTED BEHAVIOR
-----------------------
It should show the value for redemption dividend amount field after subtracting the amount paid out to this reversed redemption.

STEPS
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The issue can be reproduced at will with the following steps:
1) Maintain an MMF Fund with Paydividendduringred flag in corporate actions tab as ‘Yes’.
2) Provide EPU and run EOD/Mini EOD so that dividend accrual happens.
3) Also capture a subscription(say on day T), allot and settle it and capture a redemption after few days(say, on day T+2), so that accrued dividend amount is paid along with the redemption.
4) Now check in UTSCOINQ ->Dividend Accrual screen for the corresponding UH and Fund combination, it should show this amount as the redemption dividend amount .
5) Reverse this redemption transaction, allot it . Now check again in UTSCOINQ -> Dividend Accrual screen.
6) It should show the value for redemption dividend amount field after subtracting the amount paid out to this reversed redemption.

Business Impact
-----------------------
The issue has the following business impact:
Due to this issue, users cannot get Dividend Accrual screen details properly

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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