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Issue With Accrued Interest (Doc ID 2621596.1)

Last updated on JANUARY 27, 2020

Applies to:

Oracle FLEXCUBE Universal Banking - Version 7.2 and later
Information in this document applies to any platform.

Symptoms

On : 7.2 version, Production Support-SET

ACTUAL BEHAVIOR
---------------
Accrued Interest calculated on account is positive when negative rate has been maintained.

EXPECTED BEHAVIOR
-----------------------
Accrued Interest expected is negative since negative rate has been maintained.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Maintain interest rate as negative.
2. Verify the accrual posted.
3. The amount is positive.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, wrong accrual posted on the account.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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