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Issues Identified During Post Partial Prepayment (Doc ID 2886237.1)

Last updated on AUGUST 08, 2022

Applies to:

Oracle Banking Corporate Lending - Version and later
Information in this document applies to any platform.


On : version, Implementation Support

Below list of issues identified post partial prepayment

Issue 1 > User has performed the partial prepayment towards the loan contract for an amount of 10,000 on system date 06 Jun post EOD, system should accrue the interest for 8,387.98 whereas system accrued for 18,387.98
Issue 2 > System has re-amortized the schedules for an amount of 8,387.98 post prepayment for an amount of 10,000 on 07 Jun. However, after EOD, system again displayed the amortization for an amount of 18,387.98


Issue 1 > System should post the accrual entries for the correct outstanding amount
Issue 2 > System should calculate and display the amortization schedule for remaining outstanding amount

The issue can be reproduced at will with the following steps:

Step 1 : Query the amortized contract or create a contract in back value date
Step 2 : Perform the partial prepayment for outstanding principal amount
Step 3 : Post EOD validate whether ACCR triggered for remaining amount and schedule updated as per the payment

The issue has the following business impact:
Due to this issue, users cannot correct schedule entries.


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