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Penalty Component Calculating The Negative Value Schedules For CL Loan Contract (Doc ID 2904356.1)

Last updated on NOVEMBER 01, 2022

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.0.3 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
Late Profit(Penalty) component calculating the -ve value schedules. Furthermore, this component is also not posting any accrual entry on the contract and we are unable to liquidate the same component.

EXPECTED BEHAVIOR
-----------------------
System should calculate the penalty amount properly. 

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Take a CL loan where principal is overdue
2. Verify whether the penalty calculated amount is positive 

Cause

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In this Document
Symptoms
Cause
Solution
References


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