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CL:Negative Penalty Calcualtion (Doc ID 2744697.1)

Last updated on JANUARY 24, 2021

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.0.3 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
System calcualted the penalty for the account in negative.

EXPECTED BEHAVIOR
-----------------------
System should not populated negative values under penalty.

STEPS
-----------------------
Below steps were used for simulation.
1. Loan was created with multiple PRINCIPAL and PROFIT schedules.
2. Prepayment was done on the PRINCIPAL component.
3. On the due date of the first schedule, partial payment was done.
4. EOD was run and OD was populated with -ive values.


BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot .

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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