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Issue With 'One Installment' Payment (Doc ID 2598433.1)

Last updated on JUNE 21, 2021

Applies to:

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


On: version, Implementation Support

The issue is where the previous transactions are among REDUCE TENOR- could be "REDUCE TENOR", one installment-MERGE REDUCE TENOR or one installment- Reduce tenor.
The problem of incorrect balance of PRINCIPAL_EXPECTED is observed when the current transaction is CURRENT SCHEDULE PAYMENT and the previous transaction is one among the REDUCE TENOR mentioned earlier. Hence there needs a bifurcation on the basis of the re-computation basis of the previous payment if any. When previous transaction is among reduce tenor, system should check the balance as on the value date of payment.


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