My Oracle Support Banner

Y9C HC-N, Confirmation On PDE For Loans, Leases And Other Assets That Are 30+ Days Past Due (Doc ID 2463072.1)

Last updated on MARCH 05, 2019

Applies to:

Oracle Financial Services Regulatory Reporting - Version 8.0.0 and later
Information in this document applies to any platform.

Goal

Question 1:

"As per FR Y9C schedule HC-N instruction, balances of loans, leases and other assets that are 30+ days past due need to be reported. The instructions allow for some exceptions related to identification of loans and leases as ""Past Due"". These exceptions are:
1. Closed-end monthly installment loans and lease financing receivables are to be reported as past due when the borrower is in arrears two or more monthly payments.
2. Amortizing real estate loans are to be reported as past due when the borrower is in arrears two or more monthly payments.
3. Open-end credit such as check credit and other revolving credit plans are to be reported as past due when the customer has not made the minimum payment for two or more billing cycles.

Based on the above requirement, it was expected to see PDEs related to identification of the exception conditions (such as ""Installment Repayment Frequency Type"" - for identifying monthly installments and ""Payment Type at the end of draw period"" - for identifying ""Amortizing"" loans) and a ruleset to apply the exception conditions.

However no PDEs or ruleset(s) were found in the OFSAA lineage for the exception conditions described above."


Question 2:

RDR- The exceptions related to identification of loans and leases as "Past Due" are based on the type of loans and leases and also on "Installment Repayment Frequency " (for identifying monthly installments) and "Payment Type at the end of draw period" (for identifying "Amortizing" loans). Would the derivation of delinquency days identify these exceptions upstream?
1. Closed-end monthly installment loans and lease financing receivables are to be reported as past due when the borrower is in arrears two or more monthly payments.
2. Amortizing real estate loans are to be reported as past due when the borrower is in arrears two or more monthly payments.
3. Open-end credit such as check credit and other revolving credit plans are to be reported as past due when the customer has not made the minimum payment for two or more billing cycles.
 

Solution

To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!


In this Document
Goal
Solution
References


My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.