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Liquidation Order For CL Product is not considered during auto-liquidation (Doc ID 2799306.1)

Last updated on OCTOBER 21, 2021

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.2 and later
Information in this document applies to any platform.

Symptoms

On : 12.2 version, Production Support-SET

ACTUAL BEHAVIOR
---------------
Liquidation order for CL product

For CL product ,user have maintained the following liquidation order:

Liquidate All Component for a Date
ODPR_PNLTY 1
MAIN_INT 2
PRINCIPAL 3

But during EOD for ALIQ event of contract account ,system has liquidated only interest (MAIN_INT) and principal amount is overdue. Though there was ODPR_PNLTY amount overdue pending.

Then user tried to liquidate pending ODPR_PNLTY amount manually, in order to check whether there is any error during payment. The payment was successfully processed.

System should have check maintained liquidation order during auto-liquidation.

EXPECTED BEHAVIOR
-----------------------
System should liquidate loan components in order its maintain at product


BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot verify liquidation of loan components.

Cause

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In this Document
Symptoms
Cause
Solution


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