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.
FFIEC031, RC, MDRM RCFDA248
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"
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.
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