'Please select a rate dependency pattern' Error Saving an ALM 'No Relationship' Forecast Balances Assumption (Doc ID 1267563.1)

Last updated on NOVEMBER 18, 2010

Applies to:

Oracle Financial Services Asset Liability Management - Version: 5.1 and later   [Release: 5 and later ]
Information in this document applies to any platform.
Oracle Financial Services Analytical Applications Infrastructure (OFSAAI) - Version 7.1
Oracle Financial Services Analytical Applications (OFSAA) - Version 5.1

Symptoms

On Asset Liability Management (ALM) 5.1, when attempting to define a Forecast Balance assumption, the following error occurs:

ERROR
Messages{6014=Please select a rate dependency pattern}

The message appears when choosing either 'New Add -> No Relationship' or 'No New Business' forecast balancing method.

STEPS
The issue can be reproduced at will with the following steps:
1. Create a new Forecast Balance ID: Asset | Liability Management -> Assumption Specification -> Forecast Assumptions -> Forecast Balances
2. Select New Add -> No Relationship click apply.
=> Message appears "Please select a rate dependency pattern”.
3. If change new business method to NO new business,it still pops up the “please select a rate dependency pattern”.

Cause

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