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OLDPMNT:: Incorrect Amount Displayed For PENAL_IN_N In Payment Screen (Doc ID 2988051.1)

Last updated on NOVEMBER 26, 2023

Applies to:

Oracle Banking Corporate Lending - Version 14.6.0.0.0 to 14.6.0.0.0 [Release 14]
Information in this document applies to any platform.

Symptoms

On : 14.6.0.0.0 version, Implementation Support

ACTUAL BEHAVIOR
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OLDPMNT:: Incorrect amount displayed for PENAL_IN_N in payment screen
 Trying PAYMENT4 on 14Dec :: After click of 'P', check PENAL_IN_N value, it shows double of accrued unpaid amount.
 

EXPECTED BEHAVIOR
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System should display the correct amount for Penal4 components

STEPS
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The issue can be reproduced at will with the following steps:

1. Create a bv dated bullet contract such that the contract is overdue
  In our case, maturity date 30 nov and branch date 6 dec
2. We are making 3 payments to this overdue contracts on different dates.
  PAYMENT1 on 8Dec :: Components paid - (Prefixint, Penal2, Penal3, Penal4) - fully settled and (Principal) - Partially settled.
  PAYMENT2 on 12Dec :: Components paid - (Penal2, Penal3, Penal4, Penal_In_N)- fully settled and (Principal) - Partially settled
  PAYMENT3 on 13Dec :: Components paid - (Penal2, Penal4, Penal_In_N) - fully settled and Principal - Partially settled
3. .Incorrect amount displayed for PENAL_IN_N in payment screen. when multiple payments made with penal3 having positive and negative rates both and negative.

Changes

 Fix provided by Modifing code to pick up the new start date which is the payment date. This date will be passed for fetching the rates and build the penal schedule.

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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