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How is the Initial Rate Used in a User Defined Repricing Pattern in RM 4.5 (Doc ID 263164.1)

Last updated on OCTOBER 23, 2019

Applies to:

Oracle Risk Manager - Version 4.5 to 4.5.39 [Release 4.5]
Information in this document applies to any platform.
Oracle Financial Services Applications (OFSA) - Version 4.5
Note: All OFSA 4.5 products have reached sustaining support.

Goal

 The initial rate input section in a reprice pattern doesn't appear to serve any purpose. The first rate is read from the instrument record, so why does the reprice pattern require the Initial Rate to be defined?

Solution

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