FE 430 Interest Income is Incorrectly Calculated for the First Payment Event
(Doc ID 2378404.1)
Last updated on MARCH 03, 2023
Applies to:Oracle Financial Services Asset Liability Management - Version 8.0.1 to 8.0.1 [Release 8]
Information in this document applies to any platform.
Oracle Financial Services Analytical Applications (OFSAA)
Oracle Financial Services Asset Liability Management (ALM)
In Static Process of ALM, when processing the data of the Loan Contracts, though the Accrual Basis is defined as 30/360, the first event (Payment Only) only appears to be calculated by Accrual / 365 and not based on "30/360" set in FSI_D_CONTRACTS.
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