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LD Batch aborts with error LD-SCH120 during Rate Revision processing (Doc ID 2633723.1)

Last updated on JANUARY 30, 2020

Applies to:

Oracle FLEXCUBE Universal Banking - Version 6.3 and later
Information in this document applies to any platform.

Symptoms

While processing a Loan (LD) Contract for rate revision ,
LD Batch aborts with following error

ERROR
-----------------------
LD-SCH120 - Interest amount greater than the installment amount in amortization.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Verify if active contracts exist with periodic rate revision
2. Execute LD batch
3. Verify if rate revisions are applied for applicable contracts with no batch abort

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, reported contract when activated is leading to batch abort , hence the contract is put on hold having financial impact since no accruals are happening

Cause

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In this Document
Symptoms
Cause
Solution
References


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