RC-B/HC-B 4.b.(2) - Issue Related To Identification Of Collateralized By MBS
(Doc ID 2645056.1)
Last updated on MARCH 08, 2020
Applies to:Oracle Financial Services - Regulatory Reporting for US Federal Reserve - Lombard Risk Integration Pack - Version 8.0.8 and later
Information in this document applies to any platform.
Report/Schedule : FFIEC 031 RC-B/Y9C HC-B
MDRM: G316, G317, G318, G319
Request to handle the requirement of identifying CMO/REMICs which are Collateralized by Mortgage-backed security which is further backed by 1-4 Family Mortgages.
Current configuration for above MDRM uses V_UNDRLYNG_ASST_POOL_TYPE_CODE = MBS. As per instruction: Since the requirement for section 4b is for 1-4 Family Close-ended mortgages only. "4.b Other residential mortgage-backed securities. A report in the appropriate columns of the appropriate subitems the amortized cost and fair value of all 1-4 family residential mortgage-backed securities other than pass-through securities that are not held for trading."
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