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OBLM: Interest Other Than Normal Interest Is Accrued For Non Nominated Account Participating In IO Method (Doc ID 2928322.1)

Last updated on FEBRUARY 28, 2023

Applies to:

Oracle Banking Liquidity Management - Version 14.6.0.0.0 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
System has accrued interest other than normal interest for non nominated account

EXPECTED BEHAVIOR
-----------------------
System should do Nominal Rate accrual only for Nominated Account. Not for the other participating account.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Create IO structure and define Nominated account
2. Add nominated account and other participants in structure
3. exeucte EOD

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue,System has accrued interest other than normal interest for non nominated account

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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