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FE 493 Discount Factor Term Days Not As Expected for IRC With 30/360 or Actual/360 (Doc ID 2302466.1)

Last updated on JUNE 22, 2020

Applies to:

Oracle Financial Services Funds Transfer Pricing - Version 8.0.0 and later
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)
Financial Element 493 Discount Factor Term (Days)
Financial Element 494 Rate Lookup Term (Days)
Cash Flow Engine (CFE)


When running Asset Liability Management (ALM) process with Spot IRC discount method and Interest Rate Code (IRC) attribute sets as 30/360 or Act/360, Discount Factor Term (FE 493) is calculated as Rate Lookup Term (FE 494)/365 instead of FE 494/360 as shown in FSI_O_PROCESS_CASH_FLOWS.

Expected Behavior:
FE 493-Discount Factor Term = FE 494/360




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