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Issue with Start Date where Interest amortization is DAILY (Doc ID 2618306.1)

Last updated on DECEMBER 15, 2019

Applies to:

Oracle Financial Services Lending and Leasing - Version 14.6.0.0.0 and later
Information in this document applies to any platform.

Symptoms

On : 14.6.0.0.0 version, Implementation Support

ACTUAL BEHAVIOR
---------------
Issue with Start Date and Next Date where Interest amortization is DAILY

EXPECTED BEHAVIOR
-----------------------
Amortization should start on contract date and the next run date should set correctly after running the amortization process

STEPS
-----------------------
The issue can be reproduced with the following steps:
1. Fund a new loan with Interest amortization as 'DAILY'
2. Run the Amortization process as contract date at End of the day
3. Verify the amortization entry

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, system not posting the amortization entry on contact date.

Cause

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In this Document
Symptoms
Cause
Solution
References


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