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FCUBS - CIDACCVM - Murabaha VAMI Back Dated For Overdue Contract First Schedule Amount Is Derived Higher Value (Doc ID 2980639.1)

Last updated on OCTOBER 23, 2023

Applies to:

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

Symptoms

ACTUAL BEHAVIOR
---------------
First schedule as bulk profit.

EXPECTED BEHAVIOR
-----------------------
The profit component calculation is as per the maintained number of days and profit rate.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
Murabaha contract is booked 1 year back there was no repayment by customer
After 1 year CIDACCVM in screen effective date as 1 year back
Schedules are adjusted to start the EMI after 1 Year
Schedule details tab system is showing the first Schedule as bulk profit
BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, the contract data is populated incorrectly.

Changes

Not Applicable.

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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