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Clarification on EIR batches execution (Doc ID 2573325.1)

Last updated on AUGUST 15, 2019

Applies to:

Oracle Financial Services Loan Loss Forecasting and Provisioning - Version 8.0.0 and later
Oracle Solaris on SPARC (64-bit)

Goal

 Details over the process of EIR calculation on Origination/As of Date in LLFP module, for below batches that are part of ECL execution process

1- Origination Date Cash flow Generation and EIR computation
2- Current Date Cash Flow Generation and EIR computation

As a first step of calculating ECL, while triggering 'Origination Date Cash flow Generation and EIR computation' batch on date format DD-MON-YYYY  and inFSI_LLFP_DT_LOG_MESSAGES log of Task 16 Generate Cash flows and EIR ofseir.sh,O Y, the date format is coming as YYYYMMDD.

Application is considering p_start_date as YYYYMMDD where as the batch is executed using date format DD-MON-YYYY.

Solution

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In this Document
Goal
Solution
 Both the Origination Date and As of Date EIR is populated in FSI_ACCOUNT_INCEPTION_RATES.N_IFRS9_EFF_INTEREST_RATE.

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