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Validation for Gap Financial Elements Start_Date_Index for Floating Rate Products (Doc ID 2490751.1)

Last updated on SEPTEMBER 17, 2019

Applies to:

Oracle Financial Services Asset Liability Management - Version 8.0.5 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 Enterprise Performance Management (EPM)

Goal

On ALM 8.0.5, when validating GAP results for floating products, some unexpected results are generated.

Configuration Details:
There are two dynamic start dates defined as below:
Start_date_index --> 1 at 0 Days
Start_date_index --> 2 at 30 Years

Problem statement:
For certain records from FSI_D_LOAN_CONTRACTS, under result_type_cd = 0 (current business), there are cash flows coming for start_date_index 1 and 2, for Financial Elements (FEs) 660,662 and 672.
Its a floating product, maturing at reprice date or maturity date, whichever is earlier. As per data, the records are repricing at 3 months frequency.
Thus, the cash flow events for > 30 Y should not be generated.

Please clarify above statement on this behavior, and/or the cash flow fields causing this issue.

Solution

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In this Document
Goal
Solution


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