My Oracle Support Banner

REVN Not Fired For SOFR Loans (Doc ID 2881232.1)

Last updated on JULY 17, 2022

Applies to:

Oracle Banking Corporate Lending - Version 12.3.0.0.0 to 12.4.0.0.0
Information in this document applies to any platform.

Symptoms

On : 12.3.0.0.0 version, Production Support

ACTUAL BEHAVIOR ---- REVN not fired for SOFR loans , The SOFR loans in HKG is not having any rate revision after 25th May 2022. We are expecting daily rate revisions for this loans.


STEPS:
1.Book LN01 loan with RFR rates
2. In ICCF tab below RFR maintenances is done.
HKGLN01221370002- SOFR loan in PROD with lookback 5 days.
3. After booking the loan we can see in the events tab, the Rate revision is fired on 19th and 20th
 After 20-May-2022 no REVN is fired only ACCR are there.
Our expectation is that system should fire REVN daily when the new rates are receivved

Changes

 Code fix provided to handle connection timeout issue while processing penalty ACCR

Cause

To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!


In this Document
Symptoms
Changes
Cause
Solution


My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.