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The Result of Interest Cash Flow (FE 430) and Gap Interest Cash Flow Net (FE 672) Is Incorrect for a Fixed Rate Term Deposit When Prepayment Rule Is Used (Doc ID 2889112.1)

Last updated on JANUARY 11, 2024

Applies to:

Oracle Financial Services Asset Liability Management - Version to [Release 8.1]
Information in this document applies to any platform.
Oracle Financial Services Analytical Applications (OFSAA)
Oracle Financial Services Enterprise Performance Management (EPM)
Interest Cash Flow (FE 430)
Gap Interest Cash Flow Net (FE 672)


The result of FE 430/672 is not correct for a Fixed Rate Term Deposit With Prepayment Rule.

Here is an example case:

For a fixed rate term deposit : maturity_date =as_of_date+1, accrual_basis_cd=2(Act/360),amrt_type_cd='700'.
The result of FE 430/672 is correct with no prepayment scenario, which equals “cur_par_bal*cur_net_rate/100/360*(maturity_date-last_payment_date)”.

While if set up prepayment rule, the result becomes "cur_par_bal*cur_net_rate/100/360 " .

However, the results should be the same no mater prepayment rule is set up or not .


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