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FFIEC031- Clarifications Regarding Reporting Conditions For MDRM RCFDA248(RC-B) (Doc ID 2630494.1)

Last updated on JANUARY 20, 2020

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.

Symptoms

FFIEC031, RC, MDRM RCFDA248

Issue 1-
 
As per the Instructions, only Debt securities with "Remaining Maturity" less than 1 year needs to be reported on this MDRM irrespective of 'Fixed' or 'Floating' Interest Rate type.
However, in the reporting conditions in Cell groups like 5,7,9, 11,24 etc "HIR - RR Next Reprice Bands 1" is used instead of "Remaining Term Maturity"

Issue 2-
As per Instructions, only Debt Securities are required to be reported on this MDRM. However, the current reporting conditions are based on V_DERIVATIVE_TYPE_CODE = SPOT & V_RISK_FACTOR_TYPE_CODE = IR only. This might result into reporting of "Repo/Reverse Repo" portfolio records.

Cause

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In this Document
Symptoms
Cause
Solution
References


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