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Penalty Components Not Liquidated For The Account (Doc ID 2755134.1)

Last updated on FEBRUARY 24, 2021

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
---------------
Penalty components not liquidated for the account.
No row in events dairy after complete manual liquidation of base components is done, because of this penalty  components are not getting auto liquidated even when settlement account having funds



EXPECTED BEHAVIOR
-----------------------
ALIQ should happen for PENALTY components even when the base component is fully settled.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Loan account is due , System calculated the penalty amount for due.
2. after some days, Customer is paid the amount due for Principal and Main interest components.
Not settled penalty amount dues.
3.System is not inserting the row for penalty components due liquidation (ALIQ) in events diary.


BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, ALIQ is not happening for Penalty components after the base components are settled.

Cause

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In this Document
Symptoms
Cause
Solution


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