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Goal Based Financial Planning (GBFP) : Term Policies Are Getting Displayed In Goal Tracking Tab (Doc ID 2589974.1)

Last updated on DECEMBER 18, 2020

Applies to:

Oracle FLEXCUBE Private Banking - Version 12.0.3 to 12.0.3 [Release 12]
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
As part of the Financial Planning (FP) activity performed by the Relationship Manager (RM) the "Term Policies" marked as Non-financial schemes in the system are getting displayed in the Goal Tracking Tab of FP.



EXPECTED BEHAVIOR
-----------------------
Term policies which are marked as Non-financial schemes in the system must not be displayed in the Goal tracking tab. 

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Log in into the RM portal with a valid RM credentials.
2. Navigate to the FP > Tracking Goals > FREE HOLDINGS AVAILABLE FOR EARMARKING grid. Check for Term policies which are marked as Non-financial schemes in the system. 



BUSINESS IMPACT
-----------------------
The issue has the following business impact:

All the non-financial schemes are getting displayed in the Goal Tracking page, due to this the RM can use these assets as earmarked assets. This will further impact the Financial Plan proposal which the RM is creating for his client. 

Hence this is not a correct behaviour and the RM should not be displayed with the incorrect details in the Goals Tracking tab while doing the financial planning.

 

Changes

There are no changes which triggered this issue.

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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