clarification on "Loans To Finance Agricultural Production And Other Loans To Farmers" Std To Reg Product Type classification
(Doc ID 2718228.1)
Last updated on OCTOBER 13, 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 80912
Schedule - HC-C
Line item 3 "Loans to finance agricultural production and other loans to farmers"
MDRM Code- 1590
For this, the rule applicable is RLUS_FRAS_REG_PROD_CLASS_12 - Reg US Reg Acc Summ Reg Product Class 12 - Purpose.
In this rule, the reg product classfication "LOANFINAGRIPROD - Loans To Finance Agricultural Production And Other Loans To Farmers" is based on reg product type group as "Loans",
At present, customer is classifying all the agriculture loans to standard product type - AGLOANS and there is no mapping from this to any reg prod classification rule
The requirement is to
1. Provide a mapping between standard product type AGLOANS to reg product type FAMLAN - Farm Land
2.Introduce a new reg product type AGLOANS (Agriculture Loans) and map standard product type AGLOANS to reg product type AGLOANS. This way it is consistent with other reg product classifications std product type -> reg product type/reg product type group -> reg prod classification.
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