GEDFACLT Facility Fee Not Applying With Fixed Percentage
(Doc ID 2758923.1)
Last updated on NOVEMBER 08, 2021
Applies to:Oracle FLEXCUBE Universal Banking - Version 22.214.171.124.0 and later
Information in this document applies to any platform.
GEDFACLT Facility fee not apply with fixed percentage.System is defaulting the amount divided by year and calculating it.
Facility amount 5000 USD
Actual Result on Loan Fee Calc
= 5000*1% /366 = 0.14 USD collected as Loan fee
= 5000*1% = 50 USD
The issue can be reproduced at will with the following steps:
1.Create GEDRULES basis Efective Line Amount-- Rule id is LOANFEE
2.Fee Type Rate/Amount and Rate basis Null
3.Maintain entries also for this rule in GEDCLSMT
4.Create Facility in GEDFACLT screen default Class code
5.Map Loanfee and maintain the rate as 1%
6.There was no rate basis maintained in rule but system by default divide the result amount /year
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