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Unable to devolve the letter of credit - LCCON-120 (Doc ID 2618696.1)

Last updated on APRIL 19, 2021

Applies to:

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


On : 3.4 version, Production Support-SET

When attempting to devolve the letter of credit.
the following error occurs.

LCCON-120 - TD redemption failed for xxxx

The issue can be reproduced at will with the following steps:
1. Need to select a letter of credit contract which is expired.
2. Contract should be linked to retail term deposit
3. Ensure lien amount delinking should redeem the deposit below term deposit minimum balance.
5. Try to devolve the letter of credit.

The issue has the following business impact:
Due to this issue,
1. User will not be able to redeem the term deposit and devolve the letter of credit.


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