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CL: REPAYMENT SCHEDULE: TOTAL EMI WRONG FROM FEB TO APR 2022 DUE TO PROFIT CALCULATION OF DUE DATE 30 (Doc ID 2798744.1)

Last updated on AUGUST 13, 2021

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.0.1 and later
Information in this document applies to any platform.

Symptoms

On : 12.0.1 version, Production Support-SET

ACTUAL BEHAVIOR
---------------
REPAYMENT SCHEDULE: TOTAL EMI WRONG FROM FEB TO APR 2022

Total EMI was wrong from Feb 2022 to Apr 2022 schedules.

EXPECTED BEHAVIOR
-----------------------
EMI amount should be the same defined amount for the schedules.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Take a loan account like the reported one.
2. Check the EMI amount in payment schedules.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot collect the correct EMI amount from customer.

Cause

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In this Document
Symptoms
Cause
Solution


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