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System Is Not Considering Interest Basis While Building The Schedules On MM Contract (Doc ID 2727820.1)

Last updated on NOVEMBER 11, 2020

Applies to:

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

Symptoms

On : 11.2 version, Production Support-SET

ACTUAL BEHAVIOR
---------------
MM Schedule for interest due date is not adhering to month ends, system is defaulting the due date as 30

EXPECTED BEHAVIOR
-----------------------
The expected Due date should be the actual month end for the respective months.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:

1. Create a MM contract with half yearly schedule with the dues falling on the month end of every June and December.
2. Explode the Schedules and Verify the schedule due dates

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, the schedules are becoming wrong for MM contract.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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