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Excess Payment Through Payment Hierarchy Setup With Due Ratio Is Not Working As Expected (Doc ID 2677430.1)

Last updated on APRIL 19, 2021

Applies to:

Oracle Financial Services Lending and Leasing - Version 14.8.0.0.0 and later
Information in this document applies to any platform.

Symptoms

On : 14.8.0.0.0 version, Implementation Support

ACTUAL BEHAVIOR
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Excess payment through Payment Hierarchy setup with due ratio is not considering or allocating the extra payment amount.

When system is applying for Excess payment through Payment Hierarchy setup , where Excess Handling Method = Due Ratio, then system is not considering the extra payment amount correctly. (for ex: if the excess amount is 100 system is considering only 50 not 100).

EXPECTED BEHAVIOR
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System should allocate the excess payment amount properly as per the Payment Hierarchy setup with Excess Handling Method as Due Ratio .

STEPS
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The issue can be reproduced at will with the following steps:
1. Setup->Payment Hierarchy : Used Due Ratio with Excess Handling Method also as Due Ratio.
2 Create Master and associated account (more than one associated acc) with dues associated on each.
3. Post Payment on Master account (Hierarchy uses as Due Ratio) where Payment amount > Total Due Amount.
4. Entered Details in Payments screen ->Master account ->Populate accounts
5. As observed the extra payment amount left is not getting allocated appropriately.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot have the excess payment allocation properly as defined in the payment hierarchy for the master and associated accounts.

Cause

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In this Document
Symptoms
Cause
Solution


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