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Financial Elements FE430 and FE440 Are Calculated Incorrectly in ALM 8.0 (Doc ID 2102493.1)

Last updated on APRIL 11, 2023

Applies to:

Oracle Financial Services Asset Liability Management - Version 8.0.0 to 8.0.2 [Release 8]
Information in this document applies to any platform.
Oracle Financial Services Analytical Applications (OFSAA)
Oracle Financial Services Asset Liability Management (ALM)


On ALM 8.0, the generated Financial Element (FE) 430 Interest Income and FE 440 Interest Accrued output in the Res Dtl table appears to be incorrect.

When processing via a Deterministic Static Process, FE 430 and FE440 results are incorrectly calculated if AMRT_TYPE_CD is 800 or 801.

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

1. Define and run a ALM Static Deterministic Process using:
 Discount Methods: Spot IRC
 Rate Format*:Yield to Maturity,
 Compounding Basis*:simple
 Accrual Basis*:act/act
 No parameters, No hybird term structure

2. Export results from running the ALM process to excel and notice that for FE430 and FE440 if the AMRT_TYPE_CD is 800 or 801 the results from summing up the time buckets do not match the computed value.


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