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Securities Negative Interest Rate - Bank Portfolio - CPCD Event - Direct CR To NOSTRO (Doc ID 2815961.1)

Last updated on OCTOBER 24, 2021

Applies to:

Oracle FLEXCUBE Universal Banking - Version and later
Information in this document applies to any platform.


Actual Behavior

In Bank Portfolio Event Coupon Collection (CPCD) for Bond with Negative Interest Bank will send Payment Message and pass Accounting for ultimate CR on NOSTRO Account.
In FCUBS14.3 with OBPM system should CR OBPM Pre-funded GL and further Accounting from Pre-Funded GL to NOSTRO Account should happen in OBPM.

SE Branch Parameters (SEDXBRPM) the Interest Accrual Level is Position (other options being Deal).
Portfolio Product Event CPCD is maintained with Payment Message.
Source Maintenance is maintained in PMSSORCE / PMSSORNW with Source Code FCUBSSP (FCUBS SP) and Network Code SWIFT.

However, system is crediting NOSTRO Account directly in FCUBS in Event CPCD instead of Pref-funded GL.

Expected Behavior

System should credit in Pref-funded GL for CPCD event

Steps to Reproduce

1. Assign negative interest rate for the deal
2. Run EOD
3. check the accounting entries




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