System Is Not Changing The CI Contract Status Upon Booking When Status Change Configured As Group Level (Doc ID 3069618.1)

Last updated on FEBRUARY 04, 2025

Applies to:

Goal

 ACTUAL BEHAVIOR
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The status change is configured at Group Level. System is not changing the CI contract status upon booking. If contract is booked back value dated and is overdue currently.

EXPECTED BEHAVIOR
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The status should be changed upon booking it self like it changes when the status change is configured at contract level

STEPS
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The issue can be reproduced at will with the following steps:
1. Configure status change at group level

2.Book a back value dated contract with no funds in repayment account so the payment schedules be overdue and loan should qualify for adverse status instead of NORM.

2. Verify status change for contract after booking/disbursement.

BUSINESS IMPACT
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The issue has the following business impact:
Due to this issue, status change is not working on spot.

Solution

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