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.
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'.
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