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Current And Savings : Closed Foreign Currency Accounts have Non Zero Balance in Local Currency ( LCY_CURR_BALANCE ) (Doc ID 2650953.1)

Last updated on MARCH 20, 2020

Applies to:

Oracle FLEXCUBE Universal Banking - Version 11.0 and later
Information in this document applies to any platform.

Symptoms

On : 11.0 version, Production Support-CET

ACTUAL BEHAVIOR
---------------
Account is Closed but LCY Current balance ( LCY_CURR_BALANCE ) is non zero.

EXPECTED BEHAVIOR
-----------------------
Closed accounts should have zero balance in both Account currency as well as Local currency equivalent.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Pick an FCY account and close making account currency balance as zero
2. Close the account by making withdrawal of account balance
3. Check for revaluation

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, LCY balance remains and hence the LCY GL balance too

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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