An Outstanding Amount Exists Even After Liquidation Of Contract (Doc ID 2826736.1)

Last updated on DECEMBER 10, 2021

Applies to:

Symptoms

On : 12.0.3 version, Production Support-SET

ACTUAL BEHAVIOR
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An outstanding amount exists even after liquidation of contract

It is observed by Finance that a money market contract matured today still have an outstanding amount of $100,000/-
Treasure has provided the following feedback:
''
O/N loan to CAB over account was USD 23,900,000.00 but had gone through the flexcube as USD 23,800,000.00, so user unlocked the deal and amended the amount to USD 23.90 mil and saved again. This was before authorization, user have done this in the past on number of occasion when amount or date entered incorrectly but bank never had this problem of contracts before

''

EXPECTED BEHAVIOR
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Contract liquidated amount should be as modified by the user

STEPS
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The issue can be reproduced at will with the following steps:
1. Upload MM contract to flexcube.
2. Initially when the contract is uploaded, upload with wrong amount.
3. And modify the contract and then amend the contract amount to increase it by 1000.
4, Verify on liqd, accounting entries are passed correctly for modified amount

BUSINESS IMPACT
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The issue has the following business impact:
Due to this issue, outstanding amount is incorrect

Changes

Cause

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