System Is Not Considering Future Dated Spread Definition While Calculating The Schedule
(Doc ID 3051423.1)
Last updated on OCTOBER 06, 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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System is not considering future dated spread definition while calculating the schedule
We tried to create a loan contract with customer spreads having future dated effective dates, expecting that system will consider these spreads while calculating the schedules. However system has not considered the same.
EXPECTED BEHAVIOR
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Interest should be calculated considering the future Spreads as well
STEPS
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The issue can be reproduced at will with the following steps:
1. Book a Contract
2. Give Spreads with Future effective dates
3. Verify the Int calculated
BUSINESS IMPACT
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The issue has the following business impact:
Due to this issue, users cannot verify the correct interest
Changes
Cause
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In this Document
| Symptoms |
| Changes |
| Cause |
| Solution |