LEN - RFR - Incorrect Interest Calculations For RFR Loan With Schedules (Doc ID 2976790.1)

Last updated on OCTOBER 10, 2023

Applies to:

Symptoms

On : 12.3.0.0.0 version, Production Support

ACTUAL BEHAVIOR
---------------
[LEN] [RFR LOANS] RFR Interest calculation incorrect for July schedule.

Problem Description:
RFR Interest calculation incorrect for July schedule for OL Contracts.


STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1.OLDTRONL -> Query the Contract -> Click on Schedules Tab -> Click on Payment Details - Observed that Incorrect Interest calculated for July schedule.
2.OLDVAMND -> Query the Contract -> Click on Unlock -> Performed Blank VAMI -> Click on Save.
3.OLDTRONL -> Query the Contract -> Click on Schedules Tab -> Click on Payment Details - Observed that Incorrect Interest calculated for July schedule.(No Change in the schedule amount even after VAMI)

Changes

 Changes provided to correct the start date and end date check before inserting the data into request table.

Cause

My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.