FRY9C(HC-E) Exclusion Of Brokered Deposits While Reporting Time Deposits
(Doc ID 2706463.1)
Last updated on SEPTEMBER 07, 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.
HC-E MDRM BHDMHK32
As per the 80950 OFSAA configuration, V_BROKER_DEPOSIT_TYPE_CODE is configured as NOT BRSWEEP#~#NOT NONREC#~#NOT OTHBRDEP#~#NOT RECDEP.
However as per regulatory instructions, all time deposits (includes brokered and non-brokered) more than $250,000 should be reported in this item.
The only exclusion is to be applied on time deposits which have been issued to deposit brokers in the form of large (more than $250,000) certificates of deposit but are participated out by the broker in shares of $250,000 or less.
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