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MM: Future Dated MM contract Posted Twice Onto NOSTRO (Doc ID 2885713.1)

Last updated on JULY 29, 2022

Applies to:

Oracle Banking Treasury Management - Version and later
Information in this document applies to any platform.


On : version, Production Support

Future dated MM posted twice onto NOSTRO

User inputted a future dated MM ref on 23 May for value 25 May.

The amount is quite unique and for EUR 23,000.00.

There are two entries on the NOSTRO for this amount. one is noted with the MM reference and the other is noted with the payment reference and linked to the same MM contract. It appears to have posted twice.
(Please note : here user purposely put a MM contract with a future the BOOK event will happen on the Booking date and on the Future Value date the INIT should get fired as part of BOD)
since the settlement days for this Currency is 7 days, SGEN was fired on Book date itself and the message was send to OBPM
OBPM debited Intersystem GL and Credited Nostro. So during INIT, MM module should debit Asset GL and Credit Inter system GL (but instead it again credited Nostro)

For future dated txn, during INIT, MM module should debit Asset GL and Credit Inter system GL

The issue can be reproduced at will with the following steps:
1. Book a future dated MM contract
2. Execute EOD till the value date is derived.
3. Verify the accounting entries posted

The issue has the following business impact:
Due to this issue, duplicate accounting entries are posted.




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