NEGATIVE DUE POPULATED FOR SPECIAL INT COMPONENT AFTER RATE REVISION (Doc ID 3048104.1)

Last updated on SEPTEMBER 19, 2024

Applies to:

Symptoms

ACTUAL BEHAVIOR
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Bad Repayment plan for MOR_INT after quarterly rate revision or VAMI.
System populated negative due in schedules for MOR INT component (Special Interest amount) after Rate Revision or VAMI for the loan

EXPECTED BEHAVIOR
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During Rate revision or VAMI or any recalc operation for loan account, system should populate the amount due correctly based on the SPL_INTEREST_AMT and there should not be any mismatch in total amount due and component level amount provided.

STEPS
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1. In Product level one of the Interest component to be enabled as Special Component with formula maintained as SPL_AMOUNT/NO_OF_RPMNT_SCHS.
2. Book two or Three Month back date loan account make sure user have to enter Special Interest amount in component level once Loan account is default.
3. Saved and authorize. Expecting system will distributed user enter Special amount / total no of schedules.
4. Do VAMI with increase one or more month Loan maturity date and click on "E" button. Edit schedule and removed bullet amount for Special Interest components. Explode schedules etc.
5. Saved and authorize VAMI.
6. Negative amount due populated for the last monthly schedule of the MOR_INT component.

Cause

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