Loan Not Liquidated Instead Extra Schedule Added Even When Pre Closure Check Box Ticked
(Doc ID 2706664.1)
Last updated on SEPTEMBER 01, 2020
Applies to:Oracle FLEXCUBE Universal Banking - Version 12.3 and later
Information in this document applies to any platform.
Loan not Liquidated instead extra schedule added even when Pre Closure check box ticked
Loan repayment done to settle outstanding principal and interest. Instead of loan being liquidated an new row is inserted in CLTB_ACCOUNT_SCHEDULES with same amount as last schedule. Both rows remain amount settled zero so that there is a mismatch between CLTB_ACCOUNT_SCHEDULES and CLTB_AMOUNT_PAID for Principal Component.
Given that this is a pre closure, when doing payment, Pre Closure of Loan Check box is ticked
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