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In CL Amortized Contract Principal IS Not Ditributed Equally in Schedules, While Interest Given As Special Amount (Doc ID 2601130.1)

Last updated on OCTOBER 20, 2019

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.0.1 and later
Information in this document applies to any platform.

Symptoms

On : 12.0.1 version, Production Support-SET

ACTUAL BEHAVIOR
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An amortized loan booked, Interest is given as Special Amount, System has not distributed the Principle amount equally ,  the last schedule amount is much higher than the previous schedules.

EXPECTED BEHAVIOR
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Total Principal should be equally divided into total no of schedules.

STEPS
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The issue can be reproduced at will with the following steps:
1. Book an Islamic Financing amortized contract, with special interest amount.
2. Perform manual disbursement
3. Verify the Principal schedules amount

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
The last schedule amount is huge compared to the previous schedules.

Cause

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In this Document
Symptoms
Cause
Solution
References


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