MM: BOEDEP Rate Update Has Not Updated Floating MM Contract Correctly (Doc ID 2886914.1)

Last updated on AUGUST 02, 2022

Applies to:

Symptoms

On : 14.5.0.0.0 version, Production Support-SET

ACTUAL BEHAVIOR
---------------
BOEDEP Rate Update has not updated Floating MM Contract correctly

User have input contract which uses the new Floating negative rate enabled product MMDV in MMDTRONL.

The entry started on 14th June when the linked BOEDEP Rate was 1.25%. User have updated the rate on 20th June to be 1.30%, however when user view the schedule now, the projected interest has not updated as expected.

The first period has increased too much, and the second period onwards has not updated at all. User expect the period from July to October 2022 to now return £58,980.82 for 1.30% on £18m.

In addition, the front page still displays the rate 1.25% whereas the interest tab shows the updated rate of 1.30%. User would expect the front page to also show 1.30%.

EXPECTED BEHAVIOR
-----------------------
Front page in MMDTRONL should show the latest updated rate.
New rate should be in effect, and schedules should be updated based on the new interest rate

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Input a new contract for MMDV product
2. Change the floating rate from rate update maintenance screen
3. Verify if the new rates are in effect after the eod, and same is reflected in MMDTRONL screen

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot see the correct interest rates.

Changes

Cause

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