Wrong Interest Calculation For Commitment
(Doc ID 2762460.1)
Last updated on MARCH 29, 2021
Applies to:Oracle FLEXCUBE Universal Banking - Version 12.0.3 and later
Information in this document applies to any platform.
When a back valued payment is done on a loan account linked to a commitment, the link date is the value date of the payment. Now if we delete that payment, the link date is the current date of the branch. This is causing incorrect calculation of the MAIN_INT component under commitment. Debugs have been attached for MLIQ and deletion of MLIQ.
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