RM 4.5 Error 385 Invalid interest type. Defaulted to 'interest in arrears' (Doc ID 255477.1)

Last updated on JULY 28, 2017

Applies to:

Oracle Risk Manager - Version 4.5 to 4.5.41
Information in this document applies to any platform.
Oracle Risk Manager - Version: 4.5
Note: All OFSA 4.5 products have reached sustaining support.

Symptoms

You find the following error in OFSA_PROCESS_ERRORS after running your RM 4.5 Process:

TABLE_NAMEERROR_DESCRIPTIONERROR_CODE
detail_leaves Invalid interest type. Defaulted to "int in arrears" 385


Upon looking up the error message in Appendix A of the Oracle Risk Manager Reference Guide, Release 4.5, you find the following information:

Error Message:                             Invalid interest type - defaulted to interest in arrears
Error Condition:                            Interest type code is not equal to 0 or 1.
Error Code:                                    385
Effect of Error on Processing:    Instrument is defaulted to “interest in arrears.”

However, when looking at your Leaf Characteristics ID, you find the field is grayed out for all of your  products and you are unable to change the value.

Cause

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