Last updated on MAY 17, 2007
Applies to:Oracle Risk Manager - Version: 220.127.116.11
Information in this document applies to any platform.
Oracle Financial Services Applications (OFSA)
For the following loan type:
The total duration of the loan is 12 years and it is based on a Administered Rate(ADJUSTABLE_TYPE_CD = 30) during all those years.
For the first 2 years, the customer will pay only interest (so it behaves as a non amortizing for
this period). After the 2 years and until its maturity (for the remaining 10 years), the loan will behave as a
Conventionally Amortizing (for example: 100 Conventional Fixed)
What is the simplest and easiest way to model such a loan for the correct cash flow results?
What is the best way to do this (to create a second record for the same loan and alter the original one), using SQL commands or is there a way using any of the the OFSA applications?
Are there any fields that need special attention? Is there any note or documentation describing this?
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