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CL: CL-CMPCL12 error occurs on CL product default (Doc ID 2855661.1)

Last updated on MARCH 29, 2022

Applies to:

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


We need clarification in the correct manner of parameterizing the number of installments when defining a CL product.
For example, we have a loan product  where the default instalment period is 6 months, and the default tenor is 84 months; if a loan is created with the default tenor, System must default the principal instalments to 13 half yearly schedules and 1 bullet schedule.
But the actual contracts may have tenors different from 84 months, i.e., user may choose any tenor between the minimum (24) and the maximum (120) tenor. So, the maximum number of instalments for a given contract is 20 (for a loan which has a 10 years tenor); this drove to defining the product as having having 19 half yearly and 1 bullet schedules in the parameterization of principal installments.
The expected behavior is: System defaults the bullet schedule, then system adds as many half yearly schedules as can fit within the actual loan tenor, up to a maximum of 19.
The goal is to have system defaulting 6 months instalments, in a number that suffices to cover for the entire loan tenor and this occurring for any input loan.
When creating loans, CL-CMPCL12 error occurs on CL product default ,
If we set principal schedules to be 13 half yearly schedules and 1 bullet schedule, what will the consequences be with respect to principal schedules defaulted by the system for:
a) a 30 months tenor loan
b) a 120 months tenor loan


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