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From Santosh Math <sant...@confluxtechnologies.com>
Subject Re: Penalties generated late
Date Thu, 09 Mar 2017 14:05:18 GMT
Hi Lionel,
In my opinion, I don't like to consider it's bug (but still it is) as  I
would like to be bit soft-corner when it comes to penalties in MFIs. :) .
It must be fixed, nonetheless.

Regards
Santosh


On Mar 9, 2017 7:03 PM, "Lionel Raymundi - Poincenot" <lionel@poincenot.com>
wrote:

> Hi Santosh!
>
> Ok, thanks for your answer.
> I have created https://issues.apache.org/jira/browse/FINERACT-418. When
> you
> said "enhancement" did you mean i should create the ticket on JIRA as
> "Improvement"?
> or is it a bug?
>
>
>
> El 8 mar. 2017 11:45 p. m., "Santosh Math" <santosh@confluxtechnologies.
> com>
> escribió:
>
> > Hi Lionel,
> > Sorry for delayed reply. I reproduced your issue. You can rise Jira as
> > enhancement.
> >
> > Thanks
> > Santosh
> >
> > On Mar 7, 2017 1:55 AM, "Lionel Raymundi - Poincenot" <
> > lionel@poincenot.com>
> > wrote:
> >
> > > Hi guys,
> > >
> > > We have noticed that penalty charges are being generated one day late
> for
> > > some cases. For example:
> > > .- Lets suppose the due date of an installment is on march the 5th.
> > > .- Overdue penalty is configured as 1% of installment interest, charged
> > > daily.
> > > .- System configuration has Grace on Penalty posting = 0 and
> > > penalty-wait-period = 0
> > > .- Run the Apply penalties to Overdued Loans job.
> > > .- Today is march the 7th, so I would expect to see penalties on that
> > > installment on the repayment schedule considering the following:
> > > a) Client didn't pay On march 5th. One penalty charge should be
> > generated.
> > > b) Client didn't pay On march 6th. Two penalty charges should be
> > generated.
> > >
> > > .- I would also expect to see the charge generated with due as of date
> 05
> > > and 06 March 2017 under "Charges" tab. But I only see one penalty, as
> of
> > > 05.
> > >
> > > https://demo.openmf.org/#/viewloanaccount/748
> > >
> > > A shorter version of this would be: If I run the job on the N day, y
> > would
> > > expect to see charges until N-1 (the day before N). But I see only
> > charges
> > > generated until N-2 (Two days before).
> > >
> > > I know that maybe the tenant timezone and the computer where fineract
> is
> > > running the demo version can be different, but I tested it on my local
> > > environment with all timezones set correctly and noticed this
> behaviour.
> > Is
> > > this a bug or is it working as expected?
> > >
> > > Let me know if I was not clear enough...
> > >
> > > Thanks
> > >
> > > Lionel
> > >
> >
>

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