My Oracle Support Banner

FFIEC-031, RC-O Logic Issue While Reporting Number Of Accounts (Doc ID 2758138.1)

Last updated on MARCH 11, 2021

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

Schedule RC-O
RCONF050:Number of deposit accounts (excluding retirement accounts)of $250,000 or less
RCONF052: Number of deposit accounts (excluding retirement accounts) of more than $250,000

1. Above MDRMs is also reporting overpayments in loans. However while assigning the band code FCT_REG_ACCOUNT_SUMMARY.N_OUTSTANDNG_PRINCIPAL_BAL_RCY is checked for all the loans irrespective of eop bal < 0 or not. This is leading to incorrect reporting of number of accounts. i.e. count considers all the loan accounts.

Issue: Only over payments should be reported. Also for over payments the balance will be -ve, so an absolute has to be applied to ensure that banding happens correctly.

Changes

 NA

Cause

To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!


In this Document
Symptoms
Changes
Cause
Solution
References


My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.