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RC-C Memo M.6 / HC-C M4: Accrued Interest In Outstanding Credit Card Fees And Finance Charges Logic (Doc ID 2671515.1)

Last updated on MAY 22, 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.


MDRM C391 on FFIEC-031 RC-C M.6 (Y9C H-C M.4) Outstanding credit card fees and finance charges.

Reporting of the amount of fees and finance charges included in the amount of credit card receivables reported in Schedule RC-C, part I, item 6.a (column A on the FFIEC 031; column B on the FFIEC 041) and similar line on HC-C.

Measure for this MDRM is computed as following in OFSAA

Since accrued interest is not getting reported in line item 6a it should be removed from this cell measure clogic. Accrued interest must be reported in Schedule RC-F/HC-F. Also per the instructions, in schedule RC-C/ HC-C only fees and finance charges are to be reported.


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