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Records With Compounding Frequency Less Than Payment Frequency and Reprice and Payment Events Dates Not in Sync Do Not Generate Correct Interest (Doc ID 2804638.1)

Last updated on SEPTEMBER 10, 2021

Applies to:

Oracle Financial Services Asset Liability Management - Version 8.0.4 and later
Information in this document applies to any platform.
Oracle Financial Services Analytical Applications (OFSAA)
Oracle Financial Services Asset Liability Management (ALM)

Symptoms

On ALM 8.0.4, it appears that loans with daily compounding, monthly repricing and monthly payment do not generate correct interest cash flow, Financial Element (FE) 430.

Cause

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In this Document
Symptoms
Cause
Solution
References


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