Incorrect reporting of Leases into Real Estate Lines (line 1) in RC-C Schedule.
(Doc ID 2581222.1)
Last updated on SEPTEMBER 03, 2019
Applies to:Oracle Financial Services - Regulatory Reporting for US Federal Reserve - Lombard Risk Integration Pack - Version 8.0.7 and later
Information in this document applies to any platform.
In Version: 184.108.40.206.0 , Incorrect reporting of Leases into Real Estate Lines (line 1) in RC-C Schedule.
- The rules for Line 1 related Prod Reclassification (e.g Rule RLUS_FRAS_REG_PROD_CLASS_24 & RLUS_FRAS_REG_PROD_CLASS_21) have usage of :
- Construction Loan Type = MSG, OTH
-Property Type = MSG, OTH
-no usage of Reg Prod Group Code criteria
Due to this :
- All such leases with Properties will have LTV sourced and Property Type (OTH, MSG), Construction Loan Type (OTH, MSG) and will pass the rule filters for both these rules (since there is no Reg Group Prod Code filter on these) and end up incorrectly reported in Line 1 instead of Lease Line #10.
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