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Due Date Change On LOC (non-Monthly) Account : Due Date Parameter value not reflecting in the system (Doc ID 2725032.1)

Last updated on APRIL 19, 2021

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
---------------
Skip a due date by posting 2 due date change transaction (Extension is not supported on LOC which can be achieved only for loan accounts). Due Date change transaction not working as expected for Non Monthly accounts




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

1) Due date next should become equal to value provided in parameter Due Date

2) DDC & DDCHANGE_OVERRIDE transaction should work for Biennial, Annual, Semi-Annual, Quarterly and monthly accounts (currently works only for monthly)

3) Should work even with Master Account Framework ( Process to Master Associated Account = Y)

4) Reversal of transaction should take the the Due Dates to its original value.


STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Select any active account (Biennial, Annual, Semi-Annual, Quarterly)

2. Post a Due Date Change or DDC override Transaction

3.Verify the Due Date posted by the system

4. Verify the Due Date

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users not able service the account with due date change transaction where the due date provided in the transaction on reflecting as expected.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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