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AA Deposit Closure

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BW
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4 years 2 months ago #22952 by BW

AA Deposit Closure was created by BW

Hi there,

Closure condition is set up with Closure Period as 1D. We trigger a closure today, arrangement status changes to "Pending Closure." When the COB runs it correctly changes to "Closed," which matches my set up/

However, the related ACCOUNT record for the Arrangement is taking 3 COBs to update its status to CLOSED. Does anyone know how to fix this?

Thanks,

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VK
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Globus:G9-G13|TAFC:R05-R23|TAFJ:R19,R23,R24:test

4 years 2 months ago #22953 by VK

Replied by VK on topic AA Deposit Closure

Hi
don't know for AA but regular accounts are closed after no less than 2 COBs - one to see if there's pending accruals and another to capitalize them, move elsewhere and close account. Capitalization goes before accruals so it can't be done in one go.

Cheers
VK

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BW
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4 years 2 months ago #22954 by BW

Replied by BW on topic AA Deposit Closure

HI VK,

This makes sense and clarifies the situation for me. The third COB in my scenario relates to the AA product condition.

Thank you
BW

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