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Charge Credit Transfer Rate with Remaining Term Method Only Computed with a Monthly Accrual in FTP 8.0.5 (Doc ID 2532767.1)

Last updated on OCTOBER 10, 2019

Applies to:

Oracle Financial Services Funds Transfer Pricing - Version 8.0.5 and later
Information in this document applies to any platform.
Oracle Financial Services Funds Transfer Pricing (FTP)
Oracle Financial Services Analytical Applications (OFSAA)
Oracle Financial Services Enterprise Performance Management (EPM)

Symptoms

ACTUAL BEHAVIOR  

When computing the results on 8.0.5 version, in which FTP is calculated daily, the accrual used was noticed to be 31/360 for CHARGE_CREDIT_TRATE_REM_TERM, whereas for LIQUIDITY_PREM_CHRG_CRD_REM_TERM it is 1/360 (the correct one), although the Rates are equal.

What is the business reason why Charge Credit with Remaining Term to be computed only with a monthly accrual, and adjustments with daily and monthly.

 

EXPECTED BEHAVIOR

Charge Credit Transfer Rate with Remaining Term method should be calculated based on the daily / monthly accrual selection, just like Standard Term.

 

STEPS TO REPRODUCE

The issue can be reproduced at will with the following steps:
1. Check available accrual options for calculating FTP Charge Credit with Remaining Term method.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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