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

Last updated on JANUARY 21, 2017

Applies to:

Oracle Financial Services Asset Liability Management - Version 8.0.0 and later
Information in this document applies to any platform.
Oracle Financial Services Analytical Applications (OFSAA)
Oracle Financial Services Asset Liability Management (ALM)

Symptoms

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

ACTUAL BEHAVIOR
When processing via a Deterministic Static Process, Financial Element (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 don't match the computed value

Cause

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