Configuration of Recurring Deposits (RD) in ALM
Last updated on JULY 27, 2017
Applies to:Oracle Financial Services Asset Liability Management - Version 8.0.0 and later
Information in this document applies to any platform.
ALM - Asset Liability Management
OFSAA - Oracle Financial Services Analytical Applications
How to configure the parameters for Recurring Deposits(RD) in ALM?
For e.g. If there is a 1 year RD, which has a monthly installment of 1000 and interest rate is 7.5% and is compounded quarterly,
1.What would be the standard AMRT_TYPE_CD given for an RD?
2.What about would be taken in the CUR_PAR_BAL?
3.How is the interest compounding done?
4.How would the recurring amount be added?
Since the user guide does not share details on the case of recurring amounts, please provide details on how these are actually handled in OFSAA ALM since its a common product in banks.
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