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IC:PDM:Profit Liquidation Issue- Incorrect Profit Rate Has Been Applied on Account. (Doc ID 2746866.1)

Last updated on FEBRUARY 07, 2021

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.4.0.0.0 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
User is having issue in the Islamic TD accounts and the case is that at the time of maturity system sometime paid profit on the same day or sometime on later days
EXPECTED BEHAVIOR
-----------------------
User expectation is that system should pay profit at the time of PDM

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Create Islamic TD
2. Verify the profit payment is correct at the time of maturity

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Profit payment for TD accounts are impacted
.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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