Wrong Calculation Of Penalty Component After Payment And Reversal Of Payment.
(Doc ID 2951749.1)
Last updated on MAY 26, 2023
Applies to:
Oracle Banking Corporate Lending - Version 14.5.0.0.0 to 14.5.0.0.0 [Release 14]Information in this document applies to any platform.
Symptoms
While user attempted to perform payment and reversal of payment on same date when loan is in overdue status, penalty component is found wrong.
We have found an issue in penalty2 component calculation after performing payment and reversal of payment on the same date when the loan is in overdue status.
Simulation:
1) Book a back dated loan such that the maturity date is the system date and after performing EOD, the system starts calculating and triggering penalty's component accounting entries.
2) perform full Payment for the loan contract and than for the same loan contract reverse the loan contract.
3) After Reversal , perform EOD for the branch's and check the penalty calculation the system has passed incorrect penalty2 accounting entries for the loan contract.
Changes
Cause
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In this Document
| Symptoms |
| Changes |
| Cause |
| Solution |