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TD Maturity Payout Options To Be Shown As Per Product Mapping at Core Banking (Doc ID 2586109.1)

Last updated on SEPTEMBER 09, 2019

Applies to:

Oracle Banking Digital Experience - Version 18.2.0.0.0 to 18.2.0.0.0 [Release 18]
Information in this document applies to any platform.

Symptoms

On : 18.2.0.0.0 version, Production Support

ACTUAL BEHAVIOR
---------------
In TD open screen, if user has selected some TD product to open TD , but in Core Banking for that TD product it is configured that Interest cannot be renewed and can only be paid out at maturity.

However the application is allowing user to select "Renew Principal and
Interest" option for that Product which should not be allowed.

EXPECTED BEHAVIOR
-----------------------
Application should not allow the user to select "Renew Principal and Interest" where specific TD Product Configuration at Core Banking is specified as Interest cannot be Renewed and can only be paid out at Maturity.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Login into OBDX Application and go to Term Deposits
2. Open any Term Deposit and select a product which does not allow Interest Renewal upon Maturity
3. Select the Maturity Instruction "Renew Principal and Interest" and proceed to Confirm. System allows to Successfully carry out such Transaction

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, Users are able to Open a TD with an Incorrect Maturity Option which is not allowed as per Core banking.

Changes

Selection of Incorrect Maturity Payout Option which is unavailable at Core Banking causes this Issue

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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