LBDPYMNT- Drawdown Interest Accrual On Pop PL
(Doc ID 2828202.1)
Last updated on DECEMBER 31, 2021
Applies to:Oracle Banking Corporate Lending - Version 18.104.22.168.0 to 22.214.171.124.0 [Release 14]
Information in this document applies to any platform.
On : 126.96.36.199.0 version, Implementation Support
How to do maintenance for LBDPYMNT- Drawdown interest Accrual on Pop PL
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
To view full details, sign in with your My Oracle Support account.
Don't have a My Oracle Support account? Click to get started!
In this Document