ALM Process Generates One Day First Period Interest for FE 430 Instead of One Month (Doc ID 2156736.1)

Last updated on DECEMBER 06, 2016

Applies to:

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

Symptoms

On : 8.0.2 version, Calculation Engine

When running ALM process, Financial Element 430 Interest Accrued is calculated for one day instead of one month.

Example of instrument record:
CUR_NET_RATE               2.088
INTEREST_RATE_CD        3012
AS_OF_DATE                  31-May-16
NEXT_PAYMENT_DATE      1-Jun-16
LAST_PAYMENT_DATE      1-May-16
PMT_FREQ                     1
PMT_FREQ_MULT            M


Results of calculation from FSI_O_PROCESS_CASH_FLOWS:

CASH_FLOW_DATE  FINANCIAL_ELEM_ID  FLOAT_VALUE
01-JUN-16                 210                    156,480.62
01-JUN-16                 430                       2,268.25 -->this is one day interest



Cause

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