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FCUBS:FX-SYSTEM IS FIRING RRVL EVENT ON LIQD DAY (Doc ID 3011630.1)

Last updated on MARCH 27, 2024

Applies to:

Oracle Banking Treasury Management - Version 14.7.0.0.0 and later
Information in this document applies to any platform.

Goal

User  booked an FX Forward contract, system is firing Revaluation (REVL) event at EOD with proper accounting entries.
Next day BOD system is firing Reversal of Revaluation (RRVL) and again system will fire REVL at EOD.
On settlement Day, system is firing Liquidation (LIQD) event along with RRVL event resulting in reversal of all Previous day’s revaluation entry.
Example with Data:–

Contract Booking Date 16-09-2023
Settlement Date 19-09-2023

Event Code   Event Description    Event Date
BOOK           Booking                 16-09-2023
REVL            Revaluation            16-09-2023
RRVL            Revaluation Rever   17-09-2023
REVL            Revaluation            17-09-2023
RRVL            Revaluation Reversa 18-09-2023
REVL            Revaluation              18-09-2023
LIQD             Liquidatio                19-09-2023
RRVL             Revaluation Reversal 19-09-2023
If revaluation reversal is happening on liquidation date then how user knows the profit/loss on deal.
 

Solution

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In this Document
Goal
Solution


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