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TRACK_ACCRUED_INTEREST - LD accrued interest is been tracked at Utilization level, hence reducing the available amount of the facility (Doc ID 2704360.1)

Last updated on AUGUST 26, 2020

Applies to:

Oracle FLEXCUBE Universal Banking - Version 7.1 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
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Customer was granted a limit of X amount and disbursement of Y amount was done to customer but available amount limit is reflecting Z amount instead of X-Y.

When analysed further and verified that due to selection of the flag track accrued interest at product level, system have considered the Interest accrual amount which is the difference at available amount. Since interest is also due from customer, system is subtracting accrual also to derive available amount.  But we think normally system doesn’t consider accrual.

EXPECTED BEHAVIOR
-----------------------

System should not consider accrued interest while calculating the available amount.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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