6.1.1 Reversing a Payments

Currently, in Oracle Banking Corporate Lending you can reverse a payment only if liquidation is the last event of the contract. However, this process has been amended to allow reversal of payment even if liquidation is not the last event.

System makes the following validations before reversing a payment:

• The last payment is not beyond the last PRAM date for a tranche or drawdown.
• The reversal of any Non-Prorata payment is not beyond the last VAMI date.
• If Payable/Receivable is populated for a schedule for which payment has already been made, system does not allow reversal of payment.