FTP Transfer Rate Output With Straight Term FTP Method Is Not Calculated as Expected
(Doc ID 3020360.1)
Last updated on MAY 28, 2024
Applies to:
Oracle Financial Services Funds Transfer Pricing - Version 8.0.5 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 Funds Transfer Pricing (FTP)
Interest Rate Code (IRC)
Symptoms
On FTP 8.0.5, while running FTP for Term deposits (Straight term method is used), two issues are noticed:
1. Even when maturity Date is NULL, transfer rate is getting generated with the 1 day yield curve rate. If MATURITY_DATE is populated, transfer_Rates are generated as expected.
2. The curve used is '60004' and data is not available before 24-01-18, there are matured cases where origination date is before 04/01/2018 but transfer rate is getting calculated in few cases and 0 in few cases. Not able to understand why some instruments are calculating with 0 and others with transfer rate.
EXPECTED BEHAVIOR
As per all documentation, for fixed rate instruments with REPRICE_FREQ = 0, FTP uses MATURITY_DATE - ORIGINATION_DATE as term for straight term standard term TP method. Not sure how this is calculated if MATURITY_DATE is null. No MATURITY_DATE null error is thrown in FSI_PROCESS_ERRORS.
Changes
Cause
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In this Document
| Symptoms |
| Changes |
| Cause |
| Solution |
| References |