New Interest Rate is Not Applying On Effective Rate For All Loan Products
(Doc ID 2647832.1)
Last updated on NOVEMBER 25, 2021
Applies to:
Oracle FLEXCUBE Universal Banking - Version 12.4.0.0.0 to 12.4.0.0.0Information in this document applies to any platform.
Symptoms
After changing the rate code value in float rat screen, modified rate is not applied during rate revision at the contract level.
STEPS
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The issue can be reproduced a t will with the following steps:
1. change the rate code value in float rate screen.
2. run eod
3. change accounts having the rate code and automatic rate revision has applied the new rate.
BUSINESS IMPACT
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The issue has the following business impact:
Due to this issue, interest are being calculated using old interest value which causes loss to bank..
Changes
Cause
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In this Document
| Symptoms |
| Changes |
| Cause |
| Solution |