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Incorrect RACR Entries Causing Negative Total Accrual Amount (Doc ID 2632714.1)

Last updated on FEBRUARY 02, 2020

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.0.2 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------

There are issues in several accounts that have backdated RACR, the amount of RACR is incorrect, all accrued interest(from beginning until last int payment) - total payment of interest - reversed interest accrual then the result is minus.

EXPECTED BEHAVIOR
-----------------------
Correct RACR entries should fired.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Take a sample loan account
2. Fire back dated RACR
3. Verify whether entries are correct.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users having negative total accrual amount due to incorrect RACR entries.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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