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TD Accounts UDEs Repopulation During Rollover (Doc ID 2846801.1)

Last updated on FEBRUARY 10, 2022

Applies to:

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


During TD accounts rollover, TDs handle repopulation of Mudarabah Rate (Account UDEs) with an effective date as rollover date. Such behavior results in inappropriate functionality as per the following example.

TD Open Date: 15-1-2021
TD Rollover Date: 15-2-2021
Mudarabah Rate UDE Value during Account Opening: 5%

Based on the above, TD account UDEs upon account creation is as the following
Effective Date: 15-1-2021 Mudarabah Rate UDE: 5% (screenshots attached)

TD account UDEs upon first PDM execution on 1-2-2021 considering 3% as the PDM generated rate "System updated the existing UDE effective date and adjustment of accruals handled correctly"
Effective Date: 15-1-2021 Mudarabah Rate UDE: 3% (screenshots attached)

TD account UDEs upon rollover on 15-2-2021 "Shall not happen based on the below conclusion" (Also considering that rate update during rollover flag in IP product Pref is not checked)
Effective Date: 15-2-2021 Mudarabah Rate UDE: 3% (screenshots attached)

TD account UDEs upon second PDM execution on 1-3-2021 considering 7% as the PDM generated rate "System inserts a new effective date as the beginning of the folded month (PDM Period Start Date) which will not be considered for accruals adjustment since its prior to the previous rollover date 15-2-2021" ---> Incorrect behavior
Effective Date: 1-2-2021 Mudarabah Rate UDE: 7% (screenshots attached)

- During rollover, system shall not impact account UDEs (No repopulation of UDEs needed)


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