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CL:Error On Moratorium Schedule Definition with Moratorium Formuala-CL-AC-001 (Doc ID 2869145.1)

Last updated on MAY 20, 2022

Applies to:

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

Symptoms

ACTUAL BEHAVIOR
---------------
UAT Issue - Error on Moratorium Schedule definition in SHL1 accounts

We are performing VAMI for the contract number 440SHL100000701 for introducing a Moratorium Schedules for the principal.

Now when we are introducing a moratorium schedule after some schedules have been passed. The VAMI is successful.

The problem arises when we are providing the moratorium schedule at the beginning of the loan, the error "CL-AC-001 Moratorium type schedule cannot be given for this product code".



Kindly explain why the problem is occurring in case moratorium period is given in the start of schedules of Principal.

ERROR
-----------------------
CL-AC-001

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Create a contract and perform the VAMI to introduce Moratorium Schedule in the start of principal schedules. Error is faced.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot perform the VAMI after introducing Moratorium Schedule in the start of principal schedules.

Cause

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In this Document
Symptoms
Cause
Solution
References


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