9 Replies Latest reply: May 16, 2013 7:05 AM by 1007941 RSS

    TD maturity payout Instruction Use case

    1007941
      Currently we have TD maturity payout instruction executions where we can define Percentage type of payout for principal amounts.

      Use case 1 : FCR allows to maintain the following:

      50 % Redeem - Instruction 1
      50 % Reinvest - INstruction 2

      In Batch, example Princ balance is 10000. then instruction 1 will be executed by redeeming 5000 and then system automatically reinvests the iour remaining 5000 and closes the deposit.

      Use Case 2 - lets change the sequence.

      50 % Reinvest - Instruction 1
      50 % Redeem - Instruction 2

      In batch , for the same example of 10000, system will reinvest 5000 as per instruction 1 and then will actually take 50% of remaining 5000 which is 2500 and redeem. Deposit is not closed since remaining balance of 2500 is in the deposit.

      Why is this behaviour different and feel its a base issue.

      Question posted by Sandeep Mathias

      Edited by: Sandeep Mathias on May 9, 2013 12:27 PM
        • 1. Re: TD maturity payout Instruction Use case
          1007627
          Hi...it this occured in any site or just a query?
          :- Sandeep Marathe
          • 2. Re: TD maturity payout Instruction Use case
            1007941
            This may occur due to usage of this functionality which is extended to alerts.

            But this has occured at offshore testing. Cases are relevant since mentioned in the specified FS which is signed off by the bank.
            • 3. Re: TD maturity payout Instruction Use case
              KiranKoduri
              Will ask someone to check this in current version through screen. If issue exists then can be addressed.
              If the behavior is as mentioned then its an issue.
              • 4. Re: TD maturity payout Instruction Use case
                999454
                This is not an issue with FCR.It looks payout instruction is not upto expectation.

                50% - First instruction for payout ( it will take 5000 out of 10000)
                100% - Reinvest ( it will take 5000 for payout)
                Please check.
                • 5. Re: TD maturity payout Instruction Use case
                  1007703
                  Setting 100% for the percent of second payout is weird. I think 50%-50% is more comprehensible and is more acceptable for user.

                  Edited by: Martin-Feifeng on 2013-5-9 下午11:01
                  • 6. Re: TD maturity payout Instruction Use case
                    1007941
                    FCR checks that while maintaining the instruction the total should be 100%.

                    In cases where maintaining 150% will not be allowed.

                    Secondly this intelligence should be built in the system rather than being parameterized through maintenance.

                    I have seen a case where the following was maintained:

                    Principal amount 400000.

                    Instruction 1 - 50% Reinvest and amt payout is intelligently calculated by the system as 200000. (sounds cool)
                    Instruction 2 - 50% Redeem and amt payout here too is updated by the system as 200000.


                    But if u check the processing:

                    100000 was credited to CASA along with interest.
                    300000 was renewed along with interest.

                    I am unable to understand the behaviour.
                    • 7. Re: TD maturity payout Instruction Use case
                      1007703
                      I've checked Sandeep's two use cases in FCR 4.6 version, the behavior is:
                      For the second payout instruction, the percent is besed on the outstanding amount. Therefore, for the both of two use cases, the payout amount of the second payout instruction is 2,500.00, whatever the pay type is reinvest or redeem.
                      If we put 100% at the second payout instruction, the payout amount will be the remaining amount, it means the payout amount is 5,000 for the both of two use cases.
                      • 8. Re: TD maturity payout Instruction Use case
                        1007941
                        So what is the views of the Kernel team?

                        Can you please let us know the behaviour by validating my case.
                        • 9. Re: TD maturity payout Instruction Use case
                          1007941
                          Checked in Version 5.0

                          This is a base bug in TD039 of OFCR.

                          Princ balance = 200000
                          ----------------------------------------------------------------------------
                          First Instruction = Reinvest to Existing TD = 60 %

                          We have 3 amount fields in TD039

                          Net Amount = 200000
                          Pay Amount = 200000
                          Total Amount = 70000 (remaining balance after 60% of 200000).

                          Second Instruction = Redeem to CASA = 40%

                          Net Amount = 80000
                          Pay Amount = 80000
                          Total Amount = 0 ------( This is the bug - This amount should be 48000 )


                          hence during processing system Reinvested 120000 to new TD and Redeemed 32000 to CASA.