Currency Conversion is Not Applied in Multi-Currency OFSAA Processes (Doc ID 1382307.1)

Last updated on SEPTEMBER 06, 2016

Applies to:

Oracle Financial Services Analytical Applications Infrastructure - Version 7.2.8 and later
Information in this document applies to any platform.
Oracle Financial Services Profitability Management - Version: 5.6
Oracle Financial Services Funds Transfer Pricing - Version: 5.6
Oracle Financial Services Asset Liability Management - Version: 5.6
Oracle Financial Services Analytical Applications (OFSAA)
Oracle Enterprise Performance Management (EPM)
Rate Validation
Rate Triangulation

Symptoms

In OFSAAI 7.2.9 and Oracle Financial Services Profitability Management (PFT), upon allocating an expense with a currency on a balance column in the instrument table with a different currency, the system does not appear to apply the exchange rates even after running the Rate Validation package.

Steps to reproduce
1. Create an allocation reading the source from the ledger_stat on an expense GL with financial element 457 then trying to allocate this expense directly to a specific account with a different ISO_CURRENCY_CD
2. Apply a floating exchange rate between the 2 currencies in the rate management section
3. Run the Exchange Rate Validation
4. Run the Allocation
==> The system will write the result as if the exchange rate was 1.

Cause

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