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OL-LFDACFIN-BASE-DEV-Issue In Accrual Days In Case Amortization And Contract Period Of AMORT FEE Same (Doc ID 2874696.1)

Last updated on JUNE 06, 2022

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.3 to
Information in this document applies to any platform.


On : 12.3 version, Production Support-SET

OL-LFDACFIN-BASE-DEV-Issue in Accrual days in case Amortization and contract period of AMORTFEE same

When AMORTFEE Component is booked for amortizing period same as Contract Period, System is calculating Incorrect No of Days for Accrual posting. As per the Observation of Reported Contract Fee Amount 600$ to be amortized in 6 days so Daily 100$ should have Accrued in EOD but System is posting Accrual for 125$ daily. The Accrual posting will be done in 5 days only as per current Behavior.

As per the current behavior, System will Complete Accrual Entry posting 1 day earlier than User input date when Contract and Amortizing Period is same. Ideally system should post Accruals till the User Input date is not reached.

1. Create a Commitment Contract for 5 Days and Authorize
2. Create new Amortizing Fee component with Amortizing Period same as Contract Period (5 Days)
3. Post EOD Check the Amount of Daily Accrual is correct. (In this Case 500$ should have Accrued for 5 days 23 Aug to 27 Aug – 100$ daily. System posted accrual for 125$ daily closing the total Accrual in 4 days only)


 Fix provided to calculate no of days properly


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