BSP Not Using Transfer Price Accrual Method to Calculate New Business Interest T-Rate
Last updated on MARCH 28, 2017
Applies to:Oracle Financial Services Balance Sheet Planning - Version 8.0.0 and later
Information in this document applies to any platform.
Oracle Financial Services Analytical Applications (OFSAA)
In Oracle Financial Services Balance Sheet Planning (BSP) 8.0.x, when calculating New Business Interest Cash Flow T-Rate, BSP is using the wrong Accrual Basis. BSP uses the "Interest Accrual Method" instead of the "Transfer Price Accrual Method" when calculating New Business Interest Cash Flow T-Rate. You expect it to use the "Transfer Price Accrual Method".
For example, you have the following in Chart of Account Characteristics for a product:
Interest Accrual Method: Actual/360
Transfer Price Accrual Method: Actual/Actual
After running a Calculate, the value for New Business Interest Cash Flow T-Rate (FE 437) is calculated using Actual/360. You expect the calculation to use Actual/Actual to calculate the Interest Cash Flow T-Rate.
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