CUR_PAYMENT Not Referenced For Adjustable Type Instruments in FTP Cash Flow Results
Last updated on FEBRUARY 10, 2016
Applies to:Oracle Financial Services Pricing Management, Transfer Pricing Component - Version 6.0 and later
Information in this document applies to any platform.
Oracle Financial Services Analytical Applications (OFSAA)
On Oracle Financial Services Funds Transfer Pricing (FTP) 126.96.36.199, there are incorrect FE 210 balances and therefore incorrectly generated TRANSFER_RATE due to CUR_PAYMENT not being referenced.
CUR_PAYMENT not referred for Adjustable Type Code 250 - adjustable instruments.
An arrangement (Mortgage) with following attributes does not refer the CUR_PAYMENT while calculating the Payment Run off(Financial Element ID =210) in the cash flow (FSI_O_PROCESS_CASH_FLOW):
Loan Term:- 1 year
Repricing Freq :- 90 Days
Adjustable_Type_cd :- 250
Amrt_Type_Cd := 500
Compound_basis_cd :- 160
PMT_FREQ := 1 M
Expect that CUR_PAYMENT balance on the instrument record is referenced when calculating the Payment Runoff FE = 210.
The issue can be reproduced at will with the following steps:
1. Create a Transfer Pricing rule and assign cash flow method to the products.
2. Populate the instrument record
3. Create an TP Process and use the TP rule created and run the process
4. Check the generated cash flow for the process in FSI_O_PROCESS_CASH_FLOW.
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