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LC- Re-open of Closed LC Populating With Collateral Amount without any related accounitng (Doc ID 2878878.1)

Last updated on JUNE 28, 2022

Applies to:

Oracle FLEXCUBE Universal Banking - Version 14.3.0.0.0 and later
Information in this document applies to any platform.

Symptoms

On : 14.3.0.0.0 version, Production Support-SET

ACTUAL BEHAVIOR
---------------
Collateral screen is populating with collateral amount upon Re Open

The issue will only occur if collateral is refunded within the closure event.

The case has two stages:

A. Closure of LC / LG contract stage:
1. User will press close for the contract where there is collateral percentage and amount
2. Goto collateral screen, decrease the collateral and save
3. After saving the contract System generate related accounting entries for collateral refund and closure i.e. contingent reversal.

>> If you go to the Collateral screen the percentage amount does not become zero.

B. Re Open of LC / LG contract stage:
1. If such a contract Re Opened after closure, upon re open the collateral screen gets populated with collateral amount
2. No accounting entries are passed for collateral
3. The amount in the collateral screen is a phantom amount.




EXPECTED BEHAVIOR
-----------------------
Upon closure, collateral percentage needs to be updated to zero.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. User will press close for the contract where there is collateral percentage and amount
2. Goto collateral screen, decrease the collateral and save and authorize
3.Verify the percentage in the Collateral screen
4. Re-open the Contract
5. Verify the amount in the collateral screen

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users can see amount in collateral screen without any related accounting.

Cause

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In this Document
Symptoms
Cause
Solution


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