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Usage of 'AMOUNT' column for reporting 'NUMBER of ACCOUNTS' is inappropriate (Report- FFIEC 031/041, Schedule - RC-M, MDRM codes - RCONN523 and RCONN527) (Doc ID 2600124.1)

Last updated on OCTOBER 23, 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 and FFIEC041

Schedule :  RC-M

MDRM codes impacted: RCONN523, RCONN527

Line item definition-

d. Estimated number and dollar value of international remittance transfers provided by your institution during the two calendar quarters ending on the report date:

RCONN523 d.(1) Estimated number of international remittance transfers

RCONN527 d.(3) Estimated number of international remittance transfers for which your institution applied the temporary exception


ISSUE- Line items definition says to report the "number of accounts applicable for international remittance transfers". But the measure used for reporting these items is 'AMOUNT' column 'FCT_MGMT_REPORTING.N_EOP_BAL_RCY'

Changes

This is a product configuration issue

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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