Can Weekend Rate Effective Dates Be Defaulted to Next Business Day Instead of Last Business Day?
(Doc ID 2609130.1)
Last updated on APRIL 14, 2021
Applies to:
Oracle Financial Services Funds Transfer Pricing - Version 8.0.7 and laterInformation in this document applies to any platform.
Oracle Financial Services Analytical Applications (OFSAA)
Oracle Financial Services Funds Transfer Pricing (FTP)
Goal
When retrieving a rate from a curve to calculate a transfer rate, is there a way to get a weekend effective date / rate to be defaulted to the next business day rate instead of the last business day rate?
For example: Straight Term with Fixed Rate
ORIGINATION_DATE: 12/30/2018 (Saturday)
Interest Rate Code (IRC) contains the following:
| EFFECTIVE_DATE | INTEREST_RATE | INTEREST_RATE_TERM | INTEREST_RATE_TERM_MULT |
|---|---|---|---|
| 28-Dec-2018 (Friday) | 2.7622 | 1 | Y |
| 28-Dec-2018 | 2.715 | 18 | M |
| 31-Dec-2018 (Monday) | 2.77 | 1 | Y |
| 31-Dec-2018 | 2.712 | 18 | M |
You want FTP to use the Monday, Dec. 31st rates when calculating the Transfer Rate. It currently uses the Dec. 28th rates.
Solution
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In this Document
| Goal |
| Solution |
| References |