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Does FTP Web Service Use Act/Act or Act/365 Accrual? (Doc ID 2163430.1)

Last updated on MARCH 22, 2019

Applies to:

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


While using FTP web service and doing the calculation does it use Act/Act or Act/365? If it uses Act/Act and the curve is configured as act/365 does it convert to Act/Act?

In the FTP engine when using a discounted cash flow method, the interest rates are converted to accrual basis Act/Act if the underlying Interest curve has been defined with any accrual basis other than Act/Act.
If such a conversion happens in the FTP Web Service as well or FTP Web Service just picks up the interest rate data from fsi_irc_rate_hist assuming they are already on accrual basis Act/Act.


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