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Money Market module: Interest Liquidation done before Rollover Event is being allowed to Reverse after Rollover event [Function ID: MMDPAMIN] (Doc ID 2607208.1)

Last updated on NOVEMBER 13, 2019

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.1 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
System allows to reverse the Interest liquidation performed before contract rollover.

EXPECTED BEHAVIOR
-----------------------
System should not allow reversal of interest liquidated prior to rollover.

STEPS
-----------------------
1.Create a Money market deposit contract with 1 day tenor
2.Run EOD
3.Do the Interest Liquidation
4.Do the roll event
5.Try to reverse the LIQD event raised prior to the ROLL event to simulate this issue

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Interest amount gets incorrectly updated for the contract.

Changes

 Program changes done to restrict Reversal of the Payment done before Rollover

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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