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OBCL:OLDPMNT: During Prepayment Of Loan With LIFO Reduce Tenor, Schedules Not Reducing Tenor. (Doc ID 2801043.1)

Last updated on AUGUST 23, 2021

Applies to:

Oracle Banking Corporate Lending - Version 14.5.0.0.0 and later
Information in this document applies to any platform.

Symptoms

On : 14.5.0.0.0 version, Implementation Support

ACTUAL BEHAVIOR
---------------
While performing Pre-Payment in OLDPMNT with LIFO and Reduce Tenor option. System not reducing Tenor of Loan account.

EXPECTED BEHAVIOR
-----------------------
System should keep EMI constant and reduce Tenor.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
a. Launch OLDPMNT
b. Perform Prepayment (pay amount not in due)
c. Choose option LIFO and enable reduce tenor.
d. Save payment.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, user can not do the prepayment with reducing tenor

Cause

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In this Document
Symptoms
Cause
Solution


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