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Question on Interest adjustment amount after UDE addition in IC module (Doc ID 2611234.1)

Last updated on FEBRUARY 01, 2021

Applies to:

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

Goal

User added a new effective date for IC product with new interest rate. Bank's expectation is that system should recalculate and pass adjustment entry for only for couple of days. Bank's question is as to why System recalculated the interest and passed an adjustment entry for whole month
 

Solution

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Goal
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