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ERL-7422: Business Domain UTLS Definition (Doc ID 2815728.1)

Last updated on OCTOBER 25, 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

Version: RRS 80981, FSDF 80940

Issue:
As per definition of Corporate sector in FFIEC-009 reports
"it includes agencies and instrumentalities of governments such as utilities that produce goods or non-financial services that are not strictly governmental in nature."

Since Utilities is only an example and does not cover all such institutions which produces goods or non financial services (E.g. Govt owned shipping, transportation companies, Public Schools, Public Universities, etc.
PMG has agreed to update the definition for UTLS as below.

“Refers to agencies and instrumentalities of governments or private entities that produce utilities, goods or non-financial services including but not limited to water, electricity, sewage, irrigation, etc."
 

Solution

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In this Document
Goal
Solution
References


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