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Rollover Not Allowing To Roll Any Other Component Apart From Principal And Primary Interest (Doc ID 2797750.1)

Last updated on AUGUST 12, 2021

Applies to:

Oracle Banking Corporate Lending - Version to [Release 14]
Information in this document applies to any platform.


On : version, Implementation Support

 To know Rollover available facility for different case to perform transaction

Case : Rollover not allowing to roll any other component apart from Principal and Primary interest

Expected :all the interest components including penalty interest should be rolled over as mentioned in the user manual.

Case step:

1. Create a back value dated loan contract with branch date as maturity date such that all schedules are overdue and penalty interest is accrued.
2. In OLDTRONL, initiate rollover for the contract with Special amount greater than principal + primary interest accrued and special amount is selected to be treated as rollover amount.
3. On save, the principal and primary interest are getting rolled over, penalty is liquidated and (Rollover amount entered in special amount - Principal - Interest accrued) is getting treated as additional principal.
4. Trying to rollover a contract on maturity date. Rollover preferences 'NORMAL' and 'NEW VERSION'. The system is allowing to rollover Principal and primary interest component, but other interest components not allowed to be rolled over.


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