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CLDACCNT Fixed EMI With Grace_Period Issue (Doc ID 2871177.1)

Last updated on MAY 20, 2022

Applies to:

Oracle FLEXCUBE Universal Banking - Version 14.5.0.0.0 to 14.5.0.0.0 [Release 14]
Information in this document applies to any platform.

Symptoms

On : 14.5.0.0.0 version, Implementation Support

ACTUAL BEHAVIOR
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CLDACCNT Fixed EMI with Grace_Period Issue

We are facing an issue with Fixed EMI when Grace_Period is included.

STEPS:
1. We fill the details and product default. Then we edit the schedules.
2. We select fixed EMI of xxx for first 12 months. Then we select next 12 months as grace_period with formula 2.
3. After exploding schedule we find first 12 months with fixed EMI as expected. The next 12 months are with no EMI as 2nd formula for grace_period was selected.
4. However after the 12 months of grace_period, instead of system defaulting the EMI, it is still taking the fixed EMI amount for all the schedule.
5. All the difference amount in the EMI amount b/w actual default and fixed EMI are added in the final Bullet schedule.
6. After the fixed EMI and Grace_period time, for the remaining EMIs, system should default the amount.

Changes

 Fix provided to compare previous emi amount for amortize schedule definition,so system will assign L_RESET_EMI as  TRUE and will do new emi computation.

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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