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REVN Not Fired For SOFR Loans (Doc ID 2881232.1)

Last updated on JULY 17, 2022

Applies to:

Oracle Banking Corporate Lending - Version to
Information in this document applies to any platform.


On : version, Production Support

ACTUAL BEHAVIOR ---- REVN not fired for SOFR loans , The SOFR loans in HKG is not having any rate revision after 25th May 2022. We are expecting daily rate revisions for this loans.

1.Book LN01 loan with RFR rates
2. In ICCF tab below RFR maintenances is done.
HKGLN01221370002- SOFR loan in PROD with lookback 5 days.
3. After booking the loan we can see in the events tab, the Rate revision is fired on 19th and 20th
 After 20-May-2022 no REVN is fired only ACCR are there.
Our expectation is that system should fire REVN daily when the new rates are receivved


 Code fix provided to handle connection timeout issue while processing penalty ACCR


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