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Reclassification Of Standard Product Type Code FACTORPROD (Factoring Product) (Doc ID 2704798.1)

Last updated on AUGUST 31, 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.

Symptoms

REG REP USFED 80950

In Standard Product Type dimension the product code FACTORPROD - 'Factoring Product' maps to Standard Product Type Level 1 hierarchy of 'Loans'.

However, rule RLUS_FRAS_REG_PROD_TYPE_07 reclassifies to Reg Product Type of 'Off Balance Sheet [HIFD5001].[OFFBAL].[FACTORPROD]'. Customer has factoring records that report on MDRMs RCFDB528, RCFD1764, and RCFD1763 but in current logic, they will not get reported as this does not reclassify to 'LOANS'.



Changes

 NA

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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