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IF Logic and calculation context

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I'm trying to write an IF Logic for following scneario

 

I have the following columns

LoanCodeDate
1234FCAP10/10/2014
1234JJJJ12/12/2014
5678JJJJ1/1/2014

     

I want to flag the last record (loan 5678) in the above table as exception as it does not have an FCAP code.


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