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Interest Cash Flow (FE 430) Calucation Incorrect When Compound Basis CD = Annual (150) (Doc ID 2459511.1)

Last updated on MARCH 23, 2020

Applies to:

Oracle Financial Services Asset Liability Management - Version 8.0.0 to 8.0.6 [Release 8]
Information in this document applies to any platform.
Oracle Financial Services Analytical Applications (OFSAA)

Symptoms

In Oracle Financial Services Asset Liability Management (ALM) 8.0.6 or lower, when running an ALM Process against a record with AMRT_TYPE_CD = 700 or 850 (Annuity) and COMPOUND_BASIS_CD = 150 (Annual), you are get the wrong results for Interest Cash Flow Financial Element (FE) 430.  The value is much larger than the expected value.

For example, you get a value of FE 430 = -293,042.23 when you are expecting a value of FE 430 = 6,599.63.

If you change the COMPOUND_BASIS_CD to 160 on the instrument record, you get the correct result.

Note: The issue may occur for all AMRT_TYPE_CD values and not just 700 or 850 as listed above.

Cause

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In this Document
Symptoms
Cause
Solution
 For ALM 8.0.6.1:
 For ALM 8.0.5:
References


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