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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 later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
Loan statement shows an abnormal Main Interest Due on a particular date

EXPECTED BEHAVIOR
-----------------------
Bank wants to know from where the Main interest due is being derived and shown in loan statement

STEPS
-----------------------
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
-----------------------
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


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