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LBDDDONL: REVN Event Is Not Triggered On Rate Fixing Date For Future Dated FRR Loan (Doc ID 2927039.1)

Last updated on FEBRUARY 13, 2023

Applies to:

Oracle Banking Corporate Lending - Version to [Release 14]
Information in this document applies to any platform.


On : version, Implementation Support

LBDDDONL: REVN event is not triggered on rate fixing date for future dated FRR loan

OBCL 14.6.2:

REVN event should fired and system send notification to borrower and lenders once rate is available in system

The issue can be reproduced at will with the following steps:
1. Create three days future dated contract for 100M USD
  Book date: 1-Nov-20222 , Value date : 04-Nov-2022 and Rate fixing date: 2-Nov-2022
  Rate fixing required: Yes, Rate fixing days: 2 and Rate code: TERMSOFR

2. Save and authorize
3. Run EOD till 2-Nov-2022
4. Maintain rates for 2-Nov-2022 for TERMSOFR
5. Rate fixing job is running
6.System did not trigger REVN event on rate fixing date to send notification to borrower and lenders once rate is available in system


Suggested that ‘REVISION ON RATE FIXING DATE’ param in OLDLNPRM is ‘Y’ and test the case .
2.after enabling the param issue resolved


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