Redemption not fired by SYSTEM for a reported Security Portfolio due to which position balance is not updated to zero (Doc ID 2619137.1)

Last updated on JUNE 21, 2021

Applies to:

Symptoms

ACTUAL BEHAVIOR
---------------
Portfolio position balance is not updated as zero after maturity due to which corporate action is generated

EXPECTED BEHAVIOR
-----------------------
Redemption should have fired by SYSTEM on redemption date updating Portfolio balance to be zero

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Choose a portfolio which has active deals
2. Liquidate the deals and Execute SE Batch on the redemption date of the Security associated to above mentioned portfolio
3. Check is redemption event is fired and verify the position balance
4. Check the corporate actions fired from the summary screen SESXCAMN for the portfolio ID and verify

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, Users report that corporate payments are fired by SYSTEM even though the balance is zero leading to financial impact

Changes

Cause

My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.