OBCL 14.7.0.4.0: Dev: OBCL: Rollover: Amount Is Getting Credited To Borrower Again On Initiation Of (Doc ID 3011883.1)

Last updated on APRIL 06, 2024

Applies to:

Symptoms

On : 14.7.0.0.0 version, Implementation Support

ACTUAL BEHAVIOR
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OBCL 14.7.0.4.0: Dev: OBCL: Rollover: Amount is getting credited to Borrower again on initiation of child contract - USNSBB1211380421


EXPECTED BEHAVIOR
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Rollover action perform with proper GL and amount tag for contract

Steps:
Issue: Child contract is initiated and 45M USD credited to cash bridge GL instead of ROLL wash GL and FT contract created to credit amount
Lenders settlement account is also debited and amount tag is principal not PRINCIPAL_ROIN

1.Booked two days backdated revolving loan for 60M USD with tomorrow as maturity date
2.Interest screen
3.Alternate free rate: Yes and rate code: SOFR
  Look back: Yes and Look back days: 5
4. Base computation method: Compound, CAS/Margin computation method: Simple
  code usage: Auto and rate revision method: Auto
5.Save and authorize
6. Perform rollover booking for loan
  Liquidate interest: Yes and liquidate principal: Yes
7. Interest parameters basis, Holiday parameter basis, Settlement Basis, Schedule basis, MIS biostudy Basis: Contract
  Rollover amount is : 45M USD
8. Save and authorize
9. Run EOD
10. Rollover happened for parent contract and child contract is initiated

Changes

 Changes provided as For the Child contract’s INIT event, amount tags are assigned based on the Lbpks_Init.Greprice flag . Hence, Added code to set this flag based on which PRINCIPAL_ROIN amount tag is assigned and during auto Rollover child Contract’s INIT event is fired with proper GL and tags. This fix is common for Split_Consol Rollover.
This Flag is already set in LS Reprice and this issue occurs only when both FWD LS reprice and Initiation of Child contracts in rollover are in the same batch.

Cause

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