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Reschedule Transaction - Payment Amount calculation included Financed fees which is part of financed amount (Doc ID 2757519.1)

Last updated on MARCH 04, 2021

Applies to:

Oracle Financial Services Lending and Leasing - Version 14.5.0.0.0 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
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Reschedule Transaction Payment Amount doesn't compute correctly. Reschedule payment calculated amount contains the Origination Points and Fees.

Monthly payment calculated is not correct when posting Reschedule Payments or via Scenario Analysis. Reschedule payment calculated amount contains the Origination Points and Fees.
 
EXPECTED BEHAVIOR
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Payment amount should be calculated based on the parameters provided while posting the transaction. Should not include the financed fees once again which is already part of financed amount

STEPS
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The issue can be reproduced at will with the following steps:
1. Post Reschedule Transaction on an active account
2. Verify the payment amount calculated

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, bank unable to proceed with rescheduling of loan

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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