Incorrect Cash Flow When Using % of Cur Payment Payment Patterns in FTP for Adjustable Instruments

(Doc ID 1572409.1)

Last updated on JULY 29, 2013

Applies to:

Oracle Financial Services Funds Transfer Pricing - Version 5.6 and later
Information in this document applies to any platform.
Oracle Financial Services Analytical Applications (OFSAA)


On Oracle Financial Services Funds Transfer Pricing (FTP) 5.6, when validating the cash flow results for payment patterns with adjustable loans, the cash flow results are incorrect.

When using payment patterns to indicate a difference in interest and capital payment frequency on an adjustable rate mortgage, the principal paid (when using level principle payment type) nor the total paid amount per period (when using conventional payment type) is not correct.

It should reflect the amount as specified in the cur_payment field of the mortgage whilst it is not.

Note that for Fixed-rate mortgages such payment patterns for both 'level principle' and 'conventional' result in correct CF figures

The issue can be reproduced at will with the following steps:

1. Run FTP Process on the mortgage with TP Method ZCDF and payment pattern specified with % of cur payment
2. Check the CF results in FSI_O_PROCESS_CASH_FLOWS


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