RLUS_FRAS_REG_PROD_CLASS_02 Added With Filter On Loan Purpose Code 'HFP' In RRS 8084
(Doc ID 2641876.1)
Last updated on FEBRUARY 26, 2020
Applies to:Oracle Financial Services - Regulatory Reporting for US Federal Reserve - Lombard Risk Integration Pack - Version 8.0.9 and later
Information in this document applies to any platform.
RLUS_FRAS_REG_PROD_CLASS_02 added with Filter on Loan Purpose Code 'HFP' in RRS 8084
Following data scenario expected to be reported in RC Line 4.b (RCFDB528) and also should tie to RC-C (i.e. RC-C Line 9 (RCFD1536) and Line 9b2 (RCONJ451):
-Std Party Type in (PROP/CORP/REVT/INDI)
-Temporary Overdraft Flag = Y
-Loan Purpose Code = ‘HFP’ (Household and Family Expenditure).
However in OFSAA v8084/809 configuration:
RC-C Line 9 (RCFD1536)/ RC-C 9b2 (RCONJ451): : Uses Reg Prod Class OTHLOAN populated by Reg Prod Class Rules _2,_3,_4,_9.
Here Rule _2 allows Temporary Overdrafts but filters out Loan Purpose = ‘HFP’ (as also reported in earlier mails below).
Rule_3, Rule_4, and Rule_9 do not cover the above data scenarios by WF.
RC Line 4.b (RCFDB528) : uses Reg Prod Class OTHLOAN, CONLOANOTHREVCRPLNS and CONLOANOTHLOAN however rules populating these also doesn’t seem to cover this data scenario.
RC-C Line 6.b, 6d. (using Reg Prod Class - CONLOANOTHREVCRPLNS and CONLOANOTHLOAN) also doesn’t seem to report it.
As per Scenario ‘Temporary Overdrafts for Purpose HFP to Std Party Type PROP/CORP/REVT/INDI are not getting reported in above lines.
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