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

Last updated on SEPTEMBER 24, 2019

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)
Oracle Financial Services Funds Transfer Pricing (FTP)

Symptoms

In Oracle Financial Services Funds Transfer Pricing (FTP), you are not getting the correct Transfer Rate value output to the instrument table.  This can happen for many different Transfer Pricing methods including Straight Term and Spread from Interest Rate Code.  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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In this Document
Symptoms
Cause
Solution
References


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