Unexpected Results for Some Instruments Using Relative Payment Pattern in BSP
Last updated on FEBRUARY 15, 2018
Applies to:Oracle Financial Services Balance Sheet Planning - Version 22.214.171.124.0 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)
Oracle Financial Services Asset Liability Management (ALM)
Oracle Financial Services Balance Sheet Planning (BSP)
On BSP 126.96.36.199.1, there appear to be 68 instruments which are not applying the payment pattern in the way it was intended.
Out of 1,539 instruments, 68 instruments do not apply the payment pattern in the way it was intended.
Found one commonality between those instruments that applied the correct payment pattern and those that did not. The 68 instruments that did not correctly apply the payment pattern had an origination date of either 26-JUL-17 or 28-AUG-17 (as of date 30-SEP-17). None of the instruments that correctly applied the payment pattern had one of those two origination dates.
Have not been able to find any other fields that would explain the reason the 68 instruments would incorrectly apply the payment pattern.
Users reviewed the following fields and could not detect a pattern that could explain the issue:
INTEREST_RATE_CD (all the same)
AMRT_TYPE_CD (all 11999, the payment pattern)
ADJUSTABLE_TYPE_CD (all the same)
ACCRUAL_BASIS_CD (all the same)
COMPOUND_BASIS_CD (all the same)
INT_TYPE (all the same)
PMT_FREQ (all the same)
PMT_FREQ_MULT (all the same)
REPRICE_FREQ (all the same)
REPRICE_FREQ_MULT (all the same)
The issue can be reproduced at will with the following steps:
1. Define Payment pattern
2. Run calculate
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