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Excess Payment and reversal Not working as expected for Line of Credit accounts with bring current= Future spread is not supported for LOC (Doc ID 2718653.1)

Last updated on OCTOBER 11, 2020

Applies to:

Oracle Financial Services Lending and Leasing - Version 14.8.0.0.0 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------

Excess Payment Does Not Updated ACC_DUE_AMT1 After Bill Generation for Line of Credit accounts = Future spread is not supported for LOC. But we have value in ABL_DUE_AMT_PD1

EXPECTED BEHAVIOR
-----------------------
System should update the account details and balance details as per system functionality when excess payment is posted to the account

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1) Create Line of Credit Account 
2) Execute the billing job and post excess payment. Due Date Advancement = CURRENT (Future spread not supported for LOC)
3) Reverse the payment.
4) verify Acc_DUE_AMT1 , ACC_DUE_AMT_PD1.and ABL_DUE_AMT_PD1.


BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot process excess payment for Line of credit account as expected. Bring current due date advancement not supporting excess payment

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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