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Incorrect Scheduled Payment Amount In Metro Report (Doc ID 2791199.1)

Last updated on JULY 14, 2021

Applies to:

Oracle Financial Services Lending and Leasing - Version 14.4.0.0.0 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
Incorrect Scheduled Payment amount in Metro report


EXPECTED BEHAVIOR
-----------------------
System should use ACC_PMT_AMT_CUR for the metro scheduled monthly payment field (met_base_scheduled_pmt_amt).

STEPS
-----------------------
The issue can be reproduced at will with the following steps:


1. Create an account with multiple repayment options

2. Disable the new System Parameter - MET_SCH_PMT_METHOD

3. Generate Metro 2 file

4. Check that MET_BASE_SCHEDULED_PMT_AMT is equal to ACC_DUE_AMT1

5. Enable System Parameter - MET_SCH_PMT_METHOD with parameter value as Current Due Amount

6. Generate Metro 2 file

7. Check that MET_BASE_SCHEDULED_PMT_AMT is equal to ACC_DUE_AMT1

8. Enable System Parameter - MET_SCH_PMT_METHOD with parameter value as Standard Payment Amount

9. Generate Metro 2 file

10. Check that MET_BASE_SCHEDULED_PMT_AMT is equal to ACC_PMT_AMT_CUR


BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot have ACC_PMT_AMT_CUR for the metro scheduled monthly payment field and there is a compliance issues of the wrong scheduled payment amount reported to the bureaus.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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