How Does the CFE Generate Rates for New Business for Conventional Fixed or Adjustable
Last updated on MARCH 30, 2017
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)
Cash Flow Engine (CFE)
How is Conventional Fixed / Adjustable amortization done for New Business? Have selected Amrt Pattern as Conventional Fixed, Conventional Adjustable, Non Amortizing in Product Characteristics, but there is no Cur_Payment / EMI input to put into Product Characteristics. How does Conventional Fixed or Adjustable regular payments get generated based on the payment frequency defined? Is it equal distribution for total number of payments till maturity or is there another method of amortization to get the specific cur payment amount on payment event?
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