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LC - LC Commission Not on Actual days of rounding period is ZERO (Doc ID 2823151.1)

Last updated on NOVEMBER 22, 2021

Applies to:

Oracle FLEXCUBE Universal Banking - Version 14.3.0.0.0 and later
Information in this document applies to any platform.

Symptoms

On : 14.3.0.0.0 version, Implementation Support

ACTUAL BEHAVIOR
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LC - LC Commission Not on Actual days of rounding period is ZERO

We have created ICCF rule in such a way that it has to calculate commission for 1st 3 months using 2% and next 3 months using 1.6%.
But we could see that commission is calculated for 2% for the entire tenor of LC i.e. 6 months.



EXPECTED BEHAVIOR
-----------------------
Commission to be charged based on the Tenor

STEPS
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The issue can be reproduced at will with the following steps:
1. Create a LC product with rates in diffrent tenor period
2. Create LC contract and verify the commision charged

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot see the correct commision being charged

Cause

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In this Document
Symptoms
Cause
Solution


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