ELCM:: Anniversary Fee Calculation And Posting Is Not Correct
(Doc ID 3050527.1)
Last updated on SEPTEMBER 30, 2024
Applies to:
Oracle FLEXCUBE Enterprise Limits and Collateral Management - Version 14.6.0.0.0 and laterInformation in this document applies to any platform.
Symptoms
On : 14.6.0.5.0 version, Implementation Support
ACTUAL BEHAVIOR
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ELCM:: Anniversary fee calculation and posting is not correct
We have created a facility to verify anniversary fee backdated for 1 year.
Liability no = 000622580, line code = BAL_6621, Limit Amount = 20,000,000/- , Fee rate = 4%, Limit Start Date = 2023-08-01, Limit Expiry Date = 2026-08-01
Fee amount computed and posted for 1st Anniversary (01/08/23 to 31/07/24) are different and having small difference in system calculated and manually calculated /posted amount. where as fee posted for 2nd Anniversary (01/08/24 to 31/07/25) is very big, much more than limit amount.
EXPECTED BEHAVIOR
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System should calculate the anniversary fee correctly.
Changes
Fixed in ELBackDatedFeeCalckernel.java file.
Components Affected
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ELBackDatedFeeCalckernel.java
Cause
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In this Document
| Symptoms |
| Changes |
| Cause |
| Solution |
| References |