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CI:CIDPYMNT:Prepenalty Charges Is Wrongly Calculated (Doc ID 2996084.1)

Last updated on JANUARY 04, 2024

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
---------------
Incorrect prepayment penalty calculated.

EXPECTED BEHAVIOR
-----------------------
System should calculate the penalty as per the defined formula.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Perform the prepayment
2. Verify the prepayment penalty calculated.
 

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, incorrect payment amount calculated.

Changes

The prepaid amount derived after settling the due amounts will be included with preapaid penalty amount. Hence it has been raised as a concern. 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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