Interest Cash Flow Doubles After Changing COMPOUND_BASIS_CD to 130 for Swaps
(Doc ID 2990608.1)
Last updated on DECEMBER 04, 2023
Applies to:
Oracle Financial Services Asset Liability Management - Version 8.0.7.4.0 to 8.1.2.2 [Release 8 to 8.1]Information in this document applies to any platform.
Oracle Financial Services Asset Liability Management (ALM)
Oracle Financial Services Analytical Applications (OFSAA)
Oracle Financial Services Enterprise Performance Management (EPM)
Symptoms
While running an ALM Process against Swaps (Leg = 1), if a COMPOUND_BASIS_CD of "130" is used, the Interest Cash Flow amount is approximately double the expected amount. As a result, the Interest Accrual is also higher than expected.
If change the COMPOUND_BASIS_CD to 120 or 160, the Interest Cash Flow amount decreases to the expected value.
Steps:
The issue can be reproduced with the following steps:
1. Run the process in ALM for swap contract
2. Check and compare results
Changes
Cause
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In this Document
| Symptoms |
| Changes |
| Cause |
| Solution |
| References |