Hypothecated Deposit Offset Against An Asset - Expression Difference RC-C BPFD1664 Vs RC-E BPFD1592
(Doc ID 2662669.1)
Last updated on APRIL 28, 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.
Reporting measure Expression difference between RC-C (BPFD1664) and RC-E ( BPFD1592)
Issue 1. BPFD1664: The logic appears to add the Asset related N_EOP_BAL_RCY twice
Issue 2. In RC-E eg: BPFD1592, the asset’s principal i.e., end of period Balance – Accrued interest is subtracted from the hypothecated deposit. COALESCE(A_FRAS_OFFSET_ASSET.N_EOP_BAL_RCY, 0) - COALESCE(A_FRAS_OFFSET_ASSET.N_ACCRUED_INTEREST_RCY, 0
However, in the RC-C related business processor, the entire end of period balance of the deposit 'a_fras_offset.n_eop_bal_rcy' is subtracted (i.e., accrued interest of deposit is not considered). The logic is inconsistent between these 2 schedules
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