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No physical data element to identify 'zero coupon bonds' and 'trust preferred securities' for the MDRM codes RCFDJ314 and RCFDB928 (FFIEC 031, RC-T) (Doc ID 2597719.1)

Last updated on OCTOBER 17, 2019

Applies to:

Oracle Financial Services - Regulatory Reporting for US Federal Reserve - Lombard Risk Integration Pack - Version 8.0.6 and later
Information in this document applies to any platform.

Symptoms

Report FFIEC031
schedule: RC-T
MDRM codes: RCFDJ314,RCFDB928 ((Column B) Principal Amount Outstanding)

 

Line item description : 2. Corporate trust and agency accounts

                                     a. Corporate and municipal trusteeships 

 

(This is applicable across similar line items in report FRY9C and FFIEC041 as well)


Detailed Instruction:

"Report in column B the unpaid principal balance of the outstanding securities for the issues reported in column A for which the institution serves as trustee.

For zero coupon bonds, report the final maturity amount. For trust preferred securities, report the redemption price"


There should be a check to identify zero coupon bonds and need to report the final maturity amount for the same. Similarly for trust preferred securities report the redemption price 


There is no physical data element to identify 'zero coupon bonds' and 'trust preferred securities' in current configuration

Changes

 This is a product configuration issue

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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