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STR Currency Code Validation Allows Approval When Invalid Codes Populated From ECM (Doc ID 2776314.1)

Last updated on MAY 19, 2021

Applies to:

Oracle Financial Services Regulatory Reporting - Version 8.0.0 and later
Information in this document applies to any platform.

Goal

STR Currency Code validation allows Approval when invalid codes populated from ECM

On the STR Application, Client provides the STR data content from the ECM application, populating fields from ECM, not through the STR UI.
When an invalid Currency code is provided often through a manual transaction, the invalid code passes STR application validation, but when the e-file is generated, three spaces are added to the e-file transaction or disposition. This is causing warnings to be reported by FINTRAC which ten require correction. An example is User enters 'CDN' for currency code on ECM. It flows through to STR, but Canadian Currency on STR and FINTRAC is 'CAD'. STR allows approval of STR because a value is present in the field, but FINTRAC issues a warning.
STR need to validate the value against the STR list of valid currencies and if not valid.
 

Solution

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In this Document
Goal
Solution
References


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