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Incorrect Security position balances identified due to duplicate value dated movement (Doc ID 2617338.1)

Last updated on DECEMBER 12, 2019

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.3 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
Corporate Action Coupon Payment Generated for a zero position portfolio
Portfolio Safe Keeping Location is reflecting incorrect position balance

EXPECTED BEHAVIOR
-----------------------
Bank expects the position balance to be reflected correctly

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Liquidate a deal or reverse a deal

2. Verify the current position balance of the position reference related to the liquidated / reversed deal

3. Execute SE Batch and check if corporate payment is generated for any zero position portfolio

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, coupon event is auto fired by SYSTEM for customer portfolio which ideally has no position balances leading to financial impact

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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