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MM Contracts With 0.00 Principle Showing Accrued Interest (Doc ID 2956740.1)

Last updated on JUNE 23, 2023

Applies to:

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

Symptoms

On : 12.0.3 version, Production Support-SET

ACTUAL BEHAVIOR
---------------
MM contract with 0.00 principle showing accrued interest as at 6Jun23

EXPECTED BEHAVIOR
-----------------------
ACCR should not happen once the contract is liquidated.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Verify the accounting entries for the liquidated MM contract
2. There should not be any ACCR entries after contract liquidation

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, ACCR is getting fired

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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