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ALM 8072 - Functional Currency Not Working In Conditional Assumption Prepayment (Doc ID 2740153.1)

Last updated on JANUARY 11, 2021

Applies to:

Oracle Financial Services Asset Liability Management - Version and later
Information in this document applies to any platform.
Oracle Financial Services Asset Liability Management (ALM)
Oracle Financial Services Analytical Application Infrastructure (OFSAAI)
Oracle Financial Services Enterprise Performance Management (EPM)


ALM 8072 - Functional currency not working in conditional assumption prepayment. It always pick the first condition rate when setup done in functional currency.

Taking below example Testcase:

1. Create (XXX1) Prepayment first.

cash_flow_date, cash_flow_sequence,financial_elem_id, float_value

11-JUL-19       1      100       990000
01-APR-20      2      180       420.16512           362510 HKD  >> Loan product

RESULT: Prepayment is correct.

2. Create a new Prepayment: XXX2 same as XXX1 (not copy).
Then add the default currency definition and save it. Then edit the prepayment and add the HKD(or any other currency)
definition on top and save it

Update the Process with new Prepayment and run it.

cash_flow_date, cash_flow_sequence,financial_elem_id, float_value
11-JUL-19       1       100       990000
01-APR-20      2       180       1726.56          16992 HKD               >> for XXX2, rate it should be 9603.99
01-APR-20      2       180       420.16512       362510 HKD

RESULT: Prepayment is incorrect for HKD definition

NOTE: Setup done in default currency correctly.




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