Oracle Financial Services Asset Liability Management

New Features in this Release

Non-Maturity Products Modeling
Helps to create a model that can calculate core/volatile balance for non-maturity products portfolio; based on historical end of period balances available from these products. You can define non-maturity behavior pattern based on model outputs like how much is core, how long core will be available based on decay rate profile generated by the model. These in-built PYTHON models can help you manage, funds available from non-maturity products more precisely to enhance your profitability

For more information, see the Non-Maturity Products Modeling section in OFS ALM User Guide.
Cash Flow Edits
A redesigned Cash Flow Edits is available to check quality of input data and cleanse it. In addition to a fresh user interface, rules are categorized into multiple groups/sub-groups. User can select one or more group/sub-group to execute on the selected data. For a customer upgrading from prior release of ALM, both old and new Cash Flow Edits are available to maintain continuity. A fresh installation of ALM 8.1.2.0.0 will only have the new Cash Flow Edits. Overtime, all customers are expected to move to the new version.

For more information, see the Cash Flow Edits section in OFS ALM User Guide.
Hybrid Curve IRC
New curve types added - Custom Weighted Average, Maximum, and Minimum.
Discount Method to include EIR
EIR is now included as a discount method in the Discount rule.

For more information, see the Discount Methods section in OFS ALM User Guide.
IRRBB Fixed Margin cash flow
Interest Rate Gap has been enhanced to include the margin cashflow post reprice of an instrument to maturity via new financial elements.

For more information, see the IRRBB section in OFS CFE Reference Guide.
IRRBB Scalars
Added a user interface in Calculation Elements to access Standardized Approach parameters including shock amounts by currency and prepayment/early redemption scalars.

For more information, see the ALM Processing section in OFS ALM User Guide.
Prepayment Rule - User Defined Tenor
Ability to add a prepayment model to the user defined tenors in a prepayment rule is now supported.

For more information, see the Prepayment Rules section in OFS ALM User Guide

Installing this Major Release

For detailed instructions on installing this Major Release, see the Oracle Financial Services Asset Liability Management Application Pack Installation and Configuration Guide, Release 8.1.2.0.0.

Note:

Release v8.1.2.0.0 of OFSALM is not certified for AIX and Solaris x86 Operating Systems. If you are currently running OFSAA v8.0.x on AIX or Solaris x86 Operating Systems and plan to upgrade to Release v8.1.2.0.0, then you must migrate from AIX or Solaris x86 to Linux or Solaris SPARC. See the MOS Doc ID 2700084.1 for details.

Bugs Fixed in this Release

The following bugs are fixed as part of the OFS ALM Application v8.1.2.0.0 release.

Table 3-1 List of Bugs Fixed in this Release

Sl No	Bug ID	Component	Bug Description
1	33192680	Data Model	Joins added for columns: `V_INT_RATE_TYPE_RECV` and `V_INT_RATE_TYPE_PAY`
2	32655765	Data Model	Precision inconsistency between`STG_FX_CONTRACTS.N_SPOT_RATE` and `FSI_D_FX_CONTRACTS.SPOT_RATE`
3	33074306	User Interface	UI Forecast Rates structured change will not allow update of minimum rate

Known Issues and Limitations in this Release

Calculation of IRRBB Fixed Margin cash flows post reprice event for Rate Tiered instruments are not supported in this release.