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No Impact In "Reschedule Payments" When Posting Index/ Rate Change Transaction For Amortized Account (Doc ID 3069930.1)

Last updated on FEBRUARY 09, 2025

Applies to:

Oracle Financial Services Lending and Leasing - Version 14.12.0.0.0 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
No impact in "Reschedule Payments" when posting Index/ rate change transaction for amortized account

Index/Margin rate change has been posted on loan account with accrual calculation Amortized(AMZ) and observed no change in "Repayment schedule details".

The system only changes the Margin rate in the account information.


EXPECTED BEHAVIOR
-----------------------
Repayment schedule should display correctly.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Select/Create any loan account
2. Post rate change transaction
3. Verify the repayment schedule.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users having issue with repayment schedule.

Cause

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In this Document
Symptoms
Cause
Solution


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