FTP Process Uses the Wrong Date on the Interest Rate Curve (Doc ID 1513012.1)

Last updated on JULY 29, 2016

Applies to:

Oracle Financial Services Funds Transfer Pricing - Version 5.2 and later
Information in this document applies to any platform.
Oracle Financial Services Analytical Applications (OFSAA)

Symptoms

In Oracle Financial Services Funds Transfer Pricing (FTP), you are not getting the correct Transfer Rate value output to the instrument table.  It appears the TP engine is using rate data from the earliest date on the Interest Rate Curve (IRC).

For example, the fixed rate instrument table record has an Origination Date of 5/31/2009 which is associated with a rate of 7.3 on the IRC.  However, the TP engine is getting a rate of 2.9 which is from the first date on the IRC, 1/1/2000.

You expect FTP to get the rate for a fixed rate instrument using the record's Origination Date.  Since the TP engine is getting the wrong rate from the IRC, the FTP process is generating an incorrect value in the TRANSFER_RATE column on the instrument table.

Cause

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