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Loan Payment Triggered From a PC Contract Is Not Reversed Up On Reversing The PC Contract (Doc ID 2746546.1)

Last updated on JANUARY 26, 2021

Applies to:

Oracle FLEXCUBE Universal Banking - Version 14.0.0.0.0 and later
Information in this document applies to any platform.

Symptoms

On : 14.0.0.0.0 version, Production Support-SET

ACTUAL BEHAVIOR
---------------
Reversal of outgoing collections on cl account is not reversing MLIQ

EXPECTED BEHAVIOR
-----------------------
Reversal of outgoing collections on cl account is expected to reverse MLIQ

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1) Create CL account with manual liquidation for MAIN_INT. Note schedule due date of interest payment.
2) Enter external account in debit and credit settlement mode.
3) Create outgoing collections PC contract using CL account on schedule due date of loan interest payment.
4) Authorize PC. Check accounting entries on loan account, MLIQ is fired.
5) Revere the PC contract using a new Product setup for Reversal accounting entries.
6) Check if REVP is posted in loan account

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot have the manual liquidation reversed for CL accounts through PC contract reversal

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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