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Contract Showing As Active In MMDTRONL When Should Be Liquidated (Doc ID 2866264.1)

Last updated on MAY 02, 2022

Applies to:

Oracle Banking Treasury Management - Version 14.5.0.0.0 and later
Information in this document applies to any platform.

Symptoms

On : 14.5.0.0.0 version, Production Support

ACTUAL BEHAVIOR
---------------
Contract showing as Active in MMDTRONL

EXPECTED BEHAVIOR
-----------------------
Contract should be marked as liquidated since all payments are done.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
Day1: Input a new MM Loan (product MMPF) with Manual Rollover option (tenor 1 day) and Fixed Rate of -0.55%. Liquidation mode is ‘manual’
(issue on Day 1 :System did not do accrual on Day1)

Day2: User did manual rollover for 1 more day and changed interest rate to -1%. During Rollover system did catch up accrual for day1. Amend the Liquidation mode to ‘Auto’.
(Issue on Day2 after manual Rollover: Interest in schedules shows correct interest under Negative interest component (e.g. 27.28) but the same amount is shown as reversed under positive component with negative amount (e.g. -27.28).

EOD -No accrual on day2 also.

Day3: System did auto liquidation for both double liquidation for interest one for positive component (27.28) and another for negative component (-27.28). Due to this Principal amount liquidated is wrong

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, contract is not liquidated

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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