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Uncollected funds are not cleared and Accounting entries not reposted on clearing from screen ACDMUNCL (Doc ID 2717406.1)

Last updated on JUNE 21, 2021

Applies to:

Oracle FLEXCUBE Universal Banking - Version 11.2 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
Clearing transaction posted successfully is not releasing the funds from uncollected amount on expected value date

EXPECTED BEHAVIOR
-----------------------
Once the clearing transaction is successful, SYSTEM should release the funds from uncollected and make it available

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Post a clearing transaction
2. Amend the available date of clearing
3. Verify if SYSTEM has reversed the old account entries and posting with new Value date
4. Verify if clearing of funds is successful

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot withdraw the funds which are already posted for clearing

Changes

 User performs Release of funds prior to original Available date by amending the Available date to application date

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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