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Unable to apply spread to penal interest (Doc ID 2618671.1)

Last updated on DECEMBER 11, 2019

Applies to:

Oracle FLEXCUBE Universal Banking - Version 3.4 and later
Information in this document applies to any platform.

Symptoms

On : 3.4 version, Production Support-SET

ACTUAL BEHAVIOR
---------------
System is allowing to apply the spread during value dated amendment for the penal interest

EXPECTED BEHAVIOR
-----------------------
System should allow to apply the spread during value date amendment for the penal interest


STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. During contract opening spread should not be applied.
2. Disburse the contract.
3. Trigger value date amendment and try to apply the spread for penal interest.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot apply the spread to the penal interest and to that extent interest will be collected short.

Cause

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In this Document
Symptoms
Cause
Solution


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