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Discounted TD :: Incorrect Interest Amount Calculated On Rollover For A Discounted TD (Doc ID 2609350.1)

Last updated on NOVEMBER 14, 2019

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.0.3 and later
Information in this document applies to any platform.


On : 12.0.3 version, Production Support-SET

Discounted TD :: Incorrect interest amount calculated on Rollover for a Discounted TD

Interest amount paid to the customer after rollover is calculated with variance when continue variance on rollover is not checked. Interest amount paid to the customer should be only for the base rate when "Continue Variance on Rollover" check box is not checked at account level.

If "Continue Variance on Rollover" check box is not checked for any TD account, then during ROLLOVER of the same TD account, system should calculate interest amount using base rate and without considering variance maintained for the UDE.

The issue can be reproduced at will with the following steps:
1. Book a new discounted TD in STDCUSTD screen with ROLLOVER option and input all the required details.
2. Uncheck "Continue Variance on Rollover" check box and save & authorize the TD account.
3. Move the system date to ROLLOVER date of this newly created TD account.
4. Execute EOD batch for the branch.
5. Validate the interest amount calculated by system during ROLLOVER event.

The issue has the following business impact:
During discounted TD rollover, system is calculating wrong interest amount and also wrong interest amount getting liquidated against the settlement account.




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