IND - Basel III Investment Asset Class Reclassification Rule Not Configured as As per RBI regulatory Guidelines.
(Doc ID 3065273.1)
Last updated on JANUARY 01, 2025
Applies to:
Oracle Financial Services Basel Regulatory Capital Analytics - Version 8.0.0 and laterInformation in this document applies to any platform.
Symptoms
As per RBI regulatory Guidelines para 5.13.1, "Fund based and non-fund based claims on Venture Capital Funds, which are considered as high risk exposures, will attract a higher risk weight of 150 percent."
The bank interpretation that any exposures to VCF counterparty should get 150% RW. (Such as Cash Credit facility to VCF). However, OOTB rule "IND - Basel III Investment Asset Class Reclassification (RLINV504)"
a. Is present only in Investment Exposures sub process.
b. Classify exposures as Venture Capital Asset Class just basis on product as "VCF".
Cause
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In this Document
| Symptoms |
| Cause |
| Solution |
| References |