4.6 Repayment Schedule

This topic describes the information about Repayment Schedule.

• When repayment schedule details for existing delinquent accounts are updated, the changes are loaded into the OB CollectionsOBC staging area with RECORD_TYPE = 'U' (Update) or RECORD_TYPE = 'D' (Delete). An automated batch process then validates and processes these staging records and applies the corresponding updates to the main entity table. Each record is uniquely identified by the combination of Record Type, Product Processor, Account Number, and Installment Date.
• For RECORD_TYPE = 'U', Oracle Banking Collections checks whether a repayment schedule already exists for the account. If one is found, Oracle Banking Collections deletes the existing schedule and, after completing the required collections validations, inserts the updated schedule.
• For RECORD_TYPE = 'D': Oracle Banking Collections checks whether a record exists for the specified Account Number, and Installment Date. If a match is found, the record is deleted; otherwise, the request is rejected with an appropriate error.