Wrong Value Date In Accounting During Back Dated Amendment To Increase The Interest Rate
(Doc ID 3012104.1)
Last updated on MARCH 24, 2024
Applies to:
Oracle Banking Corporate Lending - Version 14.7.0.0.0 and laterInformation in this document applies to any platform.
Symptoms
On : 14.7.0.0.0 version, Implementation Support
ACTUAL BEHAVIOR
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Wrong value date in accounting during Back dated amendment to increase the interest rate.
EXPECTED BEHAVIOR
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Adjustment ACCR accounting entries should be posted with respective schedule due date.
STEPS
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The issue can be reproduced at will with the following steps:
1. Do back value dated interest rate change for an account such that first schedule due date > vami effective date.
2. Check the value date of adjustment ACCR entries passed.
BUSINESS IMPACT
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The issue has the following business impact:
Due to this issue, users are unable to derive the correct value date for adjustment ACCR entries posted.
Cause
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In this Document
Symptoms |
Cause |
Solution |