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Settlement Account For PRINCIPAL Component In OBCL Loan Creation Is Going As Customer Account (Doc ID 3061685.1)

Last updated on DECEMBER 06, 2024

Applies to:

Oracle Banking Trade Finance - Version 14.7.0.0.0 and later
Information in this document applies to any platform.

Goal

Settlement account for PRINCIPAL component in OBCL loan creation is going as customer account instead of bridge GL.

Simulation Steps:
1. Create Guarantee contract of amount say 100000 INR from LCDGUONL.
2. Do a claim lodgement of 30000 INR  from LCDGCLM
3. Do the claim settlement for that 30000 INR with ‘Loan for Claim Settlement’ enabled
4. Save and authorize
5. Check accounting entries in OLDTRONL for loan contract 

Actual result – The principal amount disbursement is credited to the customer account in DSBR event
Expected result – The disbursement should be credited to the bridge GL that was debited in GCLP event for crediting guarantee claim settlement to the beneficiary. Only then the bridge GL will be nullified. Now the entry of 30000 INR is lying in the bridge GL
 

Solution

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In this Document
Goal
Solution


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