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Insured Amount Reporting In RC-O And FFIEC-002 (Doc ID 2709847.1)

Last updated on SEPTEMBER 17, 2020

Applies to:

Oracle Financial Services - Regulatory Reporting for US Federal Reserve - Lombard Risk Integration Pack - Version 8.0.7 and later
Information in this document applies to any platform.

Goal

For MDRM: RCON5597

Report: 031, 041
Schedule: RC-O
Used measure columns:
FCT_LRM_ACCOUNT_SUMMARY.N_ACCRUED_INT_UNINSURE_AMT_RCY
FCT_LRM_ACCOUNT_SUMMARY.N_PRIN_UNINSURED_AMOUNT_RCY

For Report: FFIEC 002
Schedule: O
Used measure:
FCT_LRM_ACCOUNT_SUMMARY.N_UNINSURED_AMT_RCY


 Per Regulatory instructions :-RC-O M.2 (RCON5597): “Estimated amount of uninsured deposits in domestic offices of the bank and in insured branches in Puerto Rico and U.S. territories and possessions, including related interest accrued and unpaid”HM Linkage 8071 uses FCT_LRM_ACCOUNT_SUMMARY N_ACCRUED_INT_UNINSURE_AMT_RCY and FCT_LRM_ACCOUNT_SUMMARY N_UNINSURED_AMT_RCY for this MDRM population.

However for similar FFIEC-002 RCON5597, the columns used is FLAS.N_UNINSURED_AMOUNT_RCY.
Both the RC-O and FFIEC-002 config needs to be in synch.

Further please FCT_LRM_ACCOUNT_SUMMARY N_UNINSURED_AMT_RCY doesn't seem to be used anywhere else besides the above mentioned MDRMs (which also may need removal per above observations). So please let us know if column is required for Reg Reporting

Solution

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In this Document
Goal
Solution
References


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