ALM Early Redemption Constant User Defined Redemption Tenors Issue With FE 515 (Doc ID 2280083.1)

Last updated on JUNE 23, 2017

Applies to:

Oracle Financial Services Asset Liability Management - Version 8.0.4 and later
Information in this document applies to any platform.
Oracle Financial Services Analytical Applications (OFSAA)
Oracle Financial Services Asset Liability Management (ALM)

Symptoms

On ALM 8.0.4, after upgrading to ALM 8.0.4, it is found that while FE 430 Interest Income and FE 440 Interest Accrual are resolved for early redemption via <Bug: 22850700>, there appears to be an additional issue with FE 515:

ACTUAL BEHAVIOR
The problem with FE 515 (Balance Before Prepay) remains unchanged. The FE is twice as big when an early redemption is happening (when you define a redemption tenor) (If FE 60 is 100, and an early redemption is happening, FE 515 will have its value 200 for that time bucket).

EXPECTED BEHAVIOR
Expect FE 515 (Balance Before Prepay) to be correct when using early redemption.

The issue can be reproduced at will with the following steps:
1. Upgrade to ALM 8.0.4
2. Enable early redemption
3. Check results - FE 515

Cause

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