Reprice Pattern support for average life Calculations

This enhancement allows you to model cash flows for complex adjustable-rate product that doesn't fit into standard adjustable categories. We have introduced a new module and easier calculation logic to handle repricing pattern.

The key highlights are as follows:

New Repricing Management Screen: A dedicated dashboard where you can easily search, create, and organize your custom repricing patterns. Once defined, same pattern can be mentioned in instrument data, so calculation engine can pick it.
Interest Rate Tracking: The system is now programmed to use the instrument’s Original Rate from the day it was created until its very first scheduled reprice date. This ensures your initial interest income is never under or over-reported.

Automatic Rate Transitions: Once a reprice date is reached, the system automatically switches to the rates you’ve defined in your pattern.

For adjustable-rate accounts, as for average life system does calculation for whole term of an account; so repricing pattern can really impact the cash flows; to make the rate calculations precise, repricing pattern support is enabled.

Steps to enable and configure

Key resources

https://docs.oracle.com/en/industries/financial-services/ofs-analytical-applications/profitability-balance-sheet-base/index.html