OBTF: System Auto Closed Guarantees With Active Claim In System
(Doc ID 3045145.1)
Last updated on SEPTEMBER 10, 2024
Applies to:
Oracle Banking Trade Finance - 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
---------------
Auto closure enabled, System Auto closed Guarantees with active Unsettled Claim in system,
1.After running EOD, during LCEOD Batch run guarantees are getting closed without checking the claim when closure date
is less than Application date
2. In FN_CLOSECONTRACTS of Lcpks_Batch package
there is no condition to check if active claims are present in the system before closing the guarantees
EXPECTED BEHAVIOR
-----------------------
System should not auto close guarantees with active unsettled claim
STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. create a guarantee
2. Run LCEOD and verify the guarantees which closure date has passed but has unsettled claim
BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, guarantees are closed with active claims.
Cause
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In this Document
Symptoms |
Cause |
Solution |
References |