EDM: Facility Amount Available Is Negative
(Doc ID 2786133.1)
Last updated on OCTOBER 26, 2021
Applies to:
PeopleSoft Enterprise FIN Deal Management - Version 9.2 to 9.2 [Release 9]Information in this document applies to any platform.
Symptoms
ISSUE:
The facility available amounts and outstanding amounts are incorrect and do not tie. There are negative values, opening balances exceed the facility amount, etc.
STEPS:
1. Create $10 million facility 1/5/21
2.Create $5m deal 1/6/21 matures 8/11/21
3.Verify Facility Amount Available is $5m and Facility Activity Link Total Outstanding and Available Amount is $5m
4.Create $3m deal 1/12/21 matures 8/11/21
5.Verify Facility Amount Available is $2m and Facility Activity Link Total Outstanding is now $8m (initial $5m + $3m) and Available Amount is $2m ($10m facility - $8m outstanding)
6.Add $2m drawdown on 1/19 and $1m paydown on 1/26 – now there is $4m outstanding on deal
7.Facility $8m outstanding + $2m drawdown = $10m - $1m paydown = $9m outstanding ($1million available)
8. Deals 742 & 743 are open
9.Deactivate Deal 743 as of today
Expected Results: $9m currently outstanding on facility - $4m outstanding on deal 743 = $5m outstanding and $5m available
The $4m outstanding on the deal was subtracted from the initial $3m borrowing row ($3m+5m from other deal =$8m) so the $4m that the facility shows as outstanding is incorrect (should be $5m). Since the outstanding amount is incorrect, so is the $6m available (should be $5m). The drawdown and paydown rows should also remain on the facility activity as it is a historical transaction that occurred and has the correct amount outstanding and available to use when the deal is undone.
System (uses initial 1/12 available amount of $2m to add the $4m outstanding on DL743 to - $2M + $4M = $6M, shows $4M total outstanding which is incorrect because the entire deal was deactivated so the $5M on DL 742 should be what is outstanding)
Should be (uses current available amount of $1M since DL 742 & DL743 = $9M outstanding to add the $4M back to which would equal $5m ($1M + $4M = $5M) available and total outstanding would be $5M because DL742 is outstanding in its entirety
Changes
Cause
To view full details, sign in with your My Oracle Support account. |
|
Don't have a My Oracle Support account? Click to get started! |
In this Document
Symptoms |
Changes |
Cause |
Solution |
References |