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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.


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.




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