Requirement To Change Interest calculation YEAR from 360 To 365 Days For CASA Accounts
(Doc ID 2706058.1)
Last updated on AUGUST 31, 2020
Applies to:Oracle FLEXCUBE Universal Banking - Version 11.3 and later
Information in this document applies to any platform.
Bank's requirement is to change the YEAR basis for existing IC rules from 360 to 365 days. Currently the system doesn't allow to change through the front end application ICDRUMNT.
Can we do a data patch and then unlock and save the rule so that for the current quarter, the system will consider 365 going forward?
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