2.14 LIBOR Daily Rate Detail Maintenance

Oracle Banking Corporate Lending allows you to receive LIBOR/EURIBOR rates from PMC. You can view this through the Daily Rate LIBOR screen.

Specify the User ID and Password, and login to Homepage.

1. On the homepage, type LBDPMCFC and click next arrow.
   The LIBOR Daily Rate Detail screen is displayed.

   Note:

   The fields which are marked in asterisk red are mandatory fields.

   Figure 2-16 LIBOR Daily Rate Detail

   
   

   
   Description of "Figure 2-16 LIBOR Daily Rate Detail"

   
   
2. All rates that is received from PMC are displayed below.

   Table 2-19 LIBOR Daily Rate Detail

   Fields	Description
   Rate Code	The system displays the rate code.
   Currency	The system displays the currency.
   Business Date	The system displays the application date on which the rates are received from PMC.
   Value Date	The system displays the same date which is received from the PMC.
   Tenor	The system displays the rates received for the combination of Rate Code, Value Date, Currency and Tenor, with Maker/Checker as SYSTEM.
   Bid Rate	The system displays the rates received for the combination of Rate Code, Value Date, Currency and Tenor, with Maker/Checker as SYSTEM.
   Mid Rate	The system displays the rates received for the combination of Rate Code, Value Date, Currency and Tenor, with Maker/Checker as SYSTEM. For more details on negative rate processing, refer the title Maintaining Loans Parameters Details in the chapter Bank Parameters in Core Services User Manual. You can maintain negative rate even if the flag Disallow Negative Base Rate Processing is selected. However, rate gets fixed as zero during auto rate set process.
   Ask Rate	The system displays the rates received for the combination of Rate Code, Value Date, Currency and Tenor, with Maker/Checker as SYSTEM.

   Below operations are allowed in the screen.

   • Unlock
   • Save
   • Authorize
   • Close
   • Reopen

   Note:

   You are allowed to amend the rate from this screen. But Dual authorization is required to authorize such amendments. The system will process Daily LIBOR rate feed from PMC and display in Daily LIBOR rate screen irrespective of the rate codes.

   Note:

   You are allowed to amend the rate details for the rate code received from PMC but you are not allowed to maintain a new set of rate details for a rate code which is not received from PMC

   • If Rate details are not received from PMC for a rate code which is associated with a Drawdown, then Auto Rate fixing is not done. This is explained in detail in the subsequent sections.
   • At the End of Day the Batch is not processed if there is any unauthorized maintenance exists from this screen.
   • If the file is received from PMC on holidays with value dates as holiday then the value date in Daily LIBOR Rate maintenance is the holiday date and not the system application Date

   For Example

   The system receives file on 21-Jun-2014 with Value date as Business date. 21-Jun-2014 is a holiday and the system application date is 22-Jun-2014 which is next working date.

   The Rate gets populated with business date and value date as 21-Jun-2014 in Daily LIBOR Rate maintenance screen (Oracle Banking Corporate Lending application date is 22-jun- 2014)

   The Rate set the events with the effective date of 22-Jun-2014, will be processed on 22-Jun- 2014 only when the system receives file on 22-Jun-2014 and 21-Jun-2014 file is not considered.