Abnormal Due of Main Interest Component is shown in Loan Statement
(Doc ID 2687391.1)
Last updated on MAY 12, 2021
Applies to:
Oracle FLEXCUBE Universal Banking - Version 11.0 and laterInformation in this document applies to any platform.
Symptoms
ACTUAL BEHAVIOR
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Loan statement shows an abnormal Main Interest Due on a particular date
EXPECTED BEHAVIOR
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Bank wants to know from where the Main interest due is being derived and shown in loan statement
STEPS
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The issue can be reproduced at will with the following steps:
1. Generate Loan statement for an active Loan account
2. Verify the Statement if balances are shown correctly
BUSINESS IMPACT
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The issue has the following business impact:
Due to this issue, users cannot interpret a main Interest due amount which is reflecting as Debited from the settlement account
Cause
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In this Document
Symptoms |
Cause |
Solution |