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Daily vs Monthly Interest Cash Flow Results Different After Teaser End Date For Loan With Adjustable Type = Floating (Doc ID 2778257.1)

Last updated on MAY 06, 2023

Applies to:

Oracle Financial Services Asset Liability Management - Version 8.0.0 and later
Information in this document applies to any platform.
Oracle Financial Services Analytical Applications (OFSAA)
Oracle Financial Services Asset Liability Management (ALM)

Symptoms

In your ALM environment, you are running both Daily and Monthly ALM Processes.  You have separate Time Buckets for Daily and Monthly.

For loans with ADJUSTABLE_TYPE_CD = 50 for 'Floating' and a tease period, you find the interest computation (FE 430) and cash flow amount (FE 210) is slightly different for Daily vs Monthly after the TEASER_END_DATE.

Example of data from FSI_O_PROCESS_CASH_FLOWS:

Daily:

CASH_FLOW_CD: 22
CASH_FLOW_DATE: 31-Mar-24
FINANCIAL_ELEM_ID: 210
FLOAT_VALUE: 12,895.32

Monthly:

CASH_FLOW_CD: 2
CASH_FLOW_DATE: 31-Mar-24
FINANCIAL_ELEM_ID: 210
FLOAT_VALUE: 12,960.66

You expect the FLOAT_VALUE balances to match between Daily and Monthly because the instrument table data is the same in both cases.

Cause

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In this Document
Symptoms
Cause
Solution


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