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Loan Syndication(LS)- Tranche UNUTIL Fee (Fee Rule Comp) Zeroing After Principal Increase VAMI In LBDVAMND Screen. (Doc ID 2697159.1)

Last updated on AUGUST 03, 2020

Applies to:

Oracle Banking Corporate Lending - Version 14.1.0.0.0 and later
Information in this document applies to any platform.

Symptoms

On : 14.1.0.0.0 version, Implementation Support

ACTUAL BEHAVIOR
---------------
Tranche UNUTIL Fee (Fee Rule Comp) recalculated to zero after principal increase VAMI in LBDVAMND screen.


EXPECTED BEHAVIOR
-----------------------
The rate provided in the fee rule screen during creation should be honoured during recalculation of basis amount.

STEPS
-----------------------
The issue can be reproduced with the following steps:
1. Create a tranche with an UNUTIL fee component LBCOM with rate from create date.
2. After creation,VAMI is done from LBDVAMND to increase the principal.
3. Check whether the UNUTIL fee is recalculated with the revised basis amount or not.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue,Bank will have financial loss.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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