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LBDPYMNT- Drawdown Interest Accrual On Pop PL (Doc ID 2828202.1)

Last updated on DECEMBER 31, 2021

Applies to:

Oracle Banking Corporate Lending - Version to [Release 14]
Information in this document applies to any platform.


On : version, Implementation Support

 How to do maintenance for LBDPYMNT- Drawdown interest Accrual on Pop PL

Case details:

1.Draw-down CREATED ON 12TH June with 1 Million and rate is 0.80771
2.Current Business day is 23rd June .11 days from 12th June
3. So accrual till date will be 1 M*r*t/100/360= 246.80 which is correct
4. In LBDPYMNT screen when contract is loaded till date accrual is showing correctly for 1 Million . However when Amount paid for Principal is changed to 500,00 and Pop PL is clicked interest is still calculating on 1 Million
5. It should calculate interest on 500, 000 that will be 123. 40 but still the system is displaying 246.80 which is calculated on 1 Million
6. Drawdown interest accrual should calculate correctly on changed principal amount



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