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

Last updated on AUGUST 30, 2017

Applies to:

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

Symptoms

When running ALM process with Spot IRC discount method and IRC attribute is set as 30/360 or Act/360, found Discount Term (FE 493) is calculated as FE 494(Rate Lookup Term (days))/365 instead of FE 494/360 as shown in FSI_O_PROCESS_CASH_FLOWS.

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


Cause

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