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 laterInformation in this document applies to any platform.
Symptoms
On : 12.0.1 version, Production Support-SET
ACTUAL BEHAVIOR
---------------
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
-----------------------
Total Principal should be equally divided into total no of schedules.
STEPS
-----------------------
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
To view full details, sign in with your My Oracle Support account. |
|
Don't have a My Oracle Support account? Click to get started! |
In this Document
| Symptoms |
| Cause |
| Solution |
| References |