Incorrect BSP New Business Beginning/Ending Transfer Rate for Straight Term FTP
Last updated on DECEMBER 07, 2016
Applies to:Oracle Financial Services Balance Sheet Planning - Version 22.214.171.124.2 and later
Information in this document applies to any platform.
Oracle Financial Services Analytical Applications (OFSAA)
On : 126.96.36.199.2 version, Calculation Engine
Wrong transfer pricing result for product defined to use straight term FTP method.
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.
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