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 laterInformation in this document applies to any platform.
Symptoms
ACTUAL BEHAVIOR
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System allows to reverse the Interest liquidation performed before contract rollover.
EXPECTED BEHAVIOR
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System should not allow reversal of interest liquidated prior to rollover.
STEPS
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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
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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 |