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Incorrect BSP New Business Beginning/Ending Transfer Rate for Straight Term FTP (Doc ID 2211871.1)

Last updated on NOVEMBER 06, 2019

Applies to:

Oracle Financial Services Balance Sheet Planning - Version 8.0.2 and later
Information in this document applies to any platform.
Oracle Financial Services Analytical Applications (OFSAA)
Oracle Financial Services Funds Transfer Pricing (FTP)
Oracle Financial Services Balance Sheet Planning (BSP)

Symptoms

On : 8.0.2.0.2 version, Calculation Engine

Wrong transfer pricing result for product defined to use straight term Funds Transfer Pricing (FTP) method.


Steps:
1. A CD product defined to use a straight term FTP method.
    The default maturity mix is 33% 1M, 32% 3M, 35% 6M.
    The yield curve holding forecast rates for June FY2016 has the following forecast rates: 1M =.4425, 3M =.646, 6M = .9339.
    Assigned this yield curve as both the market rate interest rate code and the transfer rate interest rate code n COA characteristics,
    Amrt type code is 700, non-amortizing.

2. The calculated rates are correct for new add balance, but the calculated transfer rates are incorrect.
    It appears that the 1M rate of 4.425% is being assigned for all three terms.

Cause

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In this Document
Symptoms
Cause
Solution
References


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