OBCL: Wrong Spread Value Considering When Its Null
(Doc ID 3013986.1)
Last updated on APRIL 05, 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 spread value considering when its null
During the testing of Back dated VAMI fix based on below steps when i am performing the 3rd step VAMI its considering the spread from 2nd step VAMI even though we made it null .
As per VAMI effective date it should not consider future VAMI spread for the past effective date and when it's null it should consider as zero instead of taking some other value.
please fix to consider it as zero or from past instead of considering from the future effective date values.
EXPECTED BEHAVIOR
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If Spread is Null it should use Zero instead of using the last value
STEPS
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The issue can be reproduced at will with the following steps:
1. created contract with back value date 09-May-2023 and interest rate 4.75
2. VAMI 1 back value date VAMI effective date 01-Jun-2023 and interest rate 6.75
3. VAMI back value date VAMI effective date 09-May-2023 and interest rate is fixed 3.
BUSINESS IMPACT
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The issue has the following business impact:
Due to this issue, users cannot find the correct rate due to spread being wrong
Changes
Cause
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In this Document
Symptoms |
Changes |
Cause |
Solution |