Does ALM Currently Support Payment Schedules With Irregular Principal and Interest Payments?

(Doc ID 2400668.1)

Last updated on MAY 18, 2018

Applies to:

Oracle Financial Services Asset Liability Management - Version 6.1.1 and later
Information in this document applies to any platform.
Oracle Financial Services Analytical Applications (OFSAA)
Oracle Financial Services Asset Liability Management (ALM)

Goal

Attempting to implement in ALM a Corporate Loans portfolio that has an irregular Payment Schedule. There is no a unified payment pattern that suits all the loans. The Profit is fully defined ahead, and this amount is distributed across the payment installments (as agreed with the customer). Have used AMRT_TYPE_CD 800 at Loan record, however, the Principal part and Profit for the time buckets are generated differently from the manual Cash Flow calculation. These are Corporate loans with very large amount, so the difference in cash flow is noticeable. Which AMRT_TYPE_CD should be used for this kind of such Payment Schedule?

Solution

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