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Backdated Pmt On USER DEFINED Flexible Pmt Acc Is Incorrectly Updating DUE BUCKETS & BILL/DUE DT Txn (Doc ID 2753105.1)

Last updated on FEBRUARY 22, 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

On : 14.8.0.0.0 version, Production Support-SET

ACTUAL BEHAVIOR
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Backdated Payment on USER DEFINED Flexible Payment Account is incorrectly updating DUE BUCKETS & BILL/DUE DT Transactions.

On Lease accounts, which has USER DEFINED Flexible Repayment Schedule, if a backdated payment is posted to satisfy the oldest due, when the prior DDT gets reversed and reposted the Due Amounts are getting updated to be incorrect.

EXPECTED BEHAVIOR
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Due buckets and bill/due date should be updated correctly in case of backdated payment on USER DEFINED Flexible Payment Account.

STEPS
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The issue can be reproduced at will with the following steps:
1. Back funded an USER DEFINED Flexible Payment Account, which will be due for 2 DUES. BILL/DUE DATE transaction, DUE BUCKETS and DUE DATE HISTORY got created as per User Defined Repayment schedule.
2. Post backdated payment to satisfy the 1st DUE DATE; the DDT is reversed and re-posted which updated DUE DATES and DUE AMOUNT incorrectly.
3. Check the reason for incorrect update of DUE DATES and DUE AMOUNT.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot post backdate payment on USER DEFINED Flexible payment account since it update DUE DATES and DUE AMOUNT incorrectly.

Cause

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In this Document
Symptoms
Cause
Solution


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