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FR-Y 12. Sch C & A. Missing OFSAA Configuration Of Equity investment (Doc ID 2606982.1)

Last updated on NOVEMBER 11, 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- FRY12
Schedule A and C

As per FR Y-12 schedule instructions, the following requirements need to be met:

1. Columns A, B, and C of line item 3 of schedule C must equal the sum of line items 1 and 2 of schedule C, and item 4 columns A, B, and C of Schedule A.
2. Sum of memoranda line items 1 and 2 columns A, B, and C of Schedule C, must equal Schedule A, item 4, columns A, B, and C.

While Schedule A reports a break-out of direct and indirect equity investments, in Schedule C both direct and indirect equity investments are included in each of the line items. However, there are no PDEs in the v806 lineage to identify that both direct and indirect equity investments are included in each line item of the schedule.

So there is no logic to identify both direct and indirect equity investments that are included in each line item of Schedule C and ensure that the sum of memo line items 1 and 2 is equal to line item 3 in the same schedule and also equal to line item 4 in schedule A

Changes

 This is a product configuration issue

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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