How to Adjust Interest Accrual (FE 440) and Interest Income (FE 430) Calculations Based on Holiday Calendar (Doc ID 2212282.1)

Last updated on DECEMBER 08, 2016

Applies to:

Oracle Financial Services Asset Liability Management - Version 8.0.0 and later
Information in this document applies to any platform.
Oracle Financial Services Analytical Applications (OFSAA)
Oracle Financial Services Asset Liability Management (ALM)

Goal

When attempting to validate FE 440 Interest Accrual calculations, the calculated financial element (FE) result changes based on if Holiday Calendar is enabled.

Is it required to subtract holiday days for FE 440 interest days calculation? What other FEs are affected by holiday calendar. Does it matter what codes are used for the holiday cash flow fields:

HOLIDAY_CALC_OPTION_CD
HOLIDAY_CALENDAR_CODE
HOLIDAY_ROLLING_CONVENTION_CD

If yes, which values affect the calculations and how?

Are the calculations only supposed to be affected if using Accrual_Basis_cd =7 Business/252?

Solution

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