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FRY 14M - CCHEM250 Current Credit Limit Logic (Doc ID 2807155.1)

Last updated on SEPTEMBER 22, 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.

Goal

Report: FRY 14M
Schedule: B1 details
MDRM- CCHEM250
The issue in Current Credit Limit logic

MDRM CCHEM250, On Schedule B of the Y-14M, uses the wrong measure.
It is currently (RRS 80910) reporting the undrawn amount of the line of credit. But the MDRM requests the current credit limit.
FRB FAQ RTH0101: "For the Current Credit Limit field (#46), how do we interpret what the credit line currently available to the borrower means? Is it the total limit associated with the credit line or the currently undrawn portion of the credit line?"
"For the Current Credit Limit field (#46), the credit limit refers to the total credit limit associated with the credit line, not the undrawn portion of the credit line."
 

Solution

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In this Document
Goal
Solution
References


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