OFSAA ALM Loan FE 430 Interest Cash Flow is Not Correctly Bucketing the Principal Amount
(Doc ID 2981466.1)
Last updated on OCTOBER 18, 2023
Applies to:
Oracle Financial Services Asset Liability Management - Version 8.0.0 and laterInformation in this document applies to any platform.
Oracle Financial Services Analytical Applications (OFSAA)
Oracle Financial Services Analytical Applications Infrastructure (OFSAAI / AAI)
Oracle Financial Services Asset Liability Management (ALM)
Financial Element (FE)
Symptoms
On ALM 8.0.5, the Loan cash flow is not bucketing the principal amount for SLS report, have observed that term loan cash flows are not bucketing the principal amount in financial_elem_id 1660 whereas it is bucketing the system fetched EMI amount stored in cur_payment (principal plus interest) incorrectly.
e.g Housing loan is fixed as 16000 in source. As per expectation, OFSAA should bifurcate the principal and interest amount accordingly tenure wise and bucket the principal amount accordingly. Have generated the cash flow by filtering some specific accounts and every where is it same. Have checked the cash flows by updating the amrt_type_cd with 801,820,800,701. In all cases it is generating same result.
This is an old product, however cash flow is being checked recently.
This is specific for loan products and not working for any account in fsi_d_loan_contracts.
Changes
Cause
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In this Document
| Symptoms |
| Changes |
| Cause |
| Solution |