1. Release Notes
  2. Introduction to Oracle Financial Services Balance Sheet Planning Application Pack

2 Introduction to Oracle Financial Services Balance Sheet Planning Application Pack

Oracle Financial Services Balance Sheet Planning Application pack includes Oracle Financial Service Analytical Applications Infrastructure and Balance Sheet Planning applications.

  • Oracle Financial Services Analytical Applications Infrastructure: In today's turbulent markets, financial institutions require a better understanding of their risk-return, while strengthening competitive advantage, and enhancing long-term customer value.

    Oracle Financial Services Analytical Applications (OFSAA) enables financial institutions to measure and meet the risk-adjusted performance objectives, cultivate a risk management culture through transparency, lower the costs of compliance and regulation, and improve insight into customer behavior.

    OFSAA uses industry-leading analytical methods, shared data models, and applications architecture to enable integrated risk management, performance management, customer insight, and compliance management. OFSAA actively incorporates risk into decision making, enables to achieve a consistent view of performance, promotes a transparent risk management culture, and provides pervasive intelligence.

    OFSAA delivers a comprehensive, integrated suite of financial services analytical applications for both banking and insurance domains.

  • Oracle Financial Services Balance Sheet Planning: The Oracle Financial Services Balance Sheet Planning application is a packaged web-based application built on top of Oracle Financial Services Advanced Analytical Applications Infrastructure (OFS AAI). It is designed to enable financial institutions to budget or forecast a full balance sheet and associated interest income and interest expense. The provision of balance sheet and net interest margin planning capability, when combined with a complimentary fee and expense planning solution such as Oracle’s Enterprise Planning and Budgeting cloud service, results in a complete and comprehensive planning solution for financial institutions. The high-level features of Balance Sheet Planning include:
    • Calculation of future projected cash flows for balance sheet products, including output of comprehensive balance, interest income/expense and interest rate data elements.
    • The output of cash flow data for the current book of business separate from future new business volume cash flows, with aggregation to total balance sheet account level.
    • Provision of broad balance sheet product support.
    • Creation of budgets or forecasts in denominated and/or functional currencies.
    • Employment of market interest rate based pricing, where new add volumes and repricing balances are priced at spreads to market interest rate indices.
    • Provision of funds transfer pricing capabilities, integrating with and leveraging the existing Oracle Financial Services Funds Transfer Pricing engine. This functionality includes a full set of cash flow and non-cash flow-based Transfer Pricing methodologies, as well as the ability to generate transfer pricing adjustments such as liquidity premiums, pricing incentives, and other.
    • Fully integrated with other OFSAA EPM applications.

Note:

Release v8.1.2.0.0 of OFS BSP is not certified for AIX and Solaris x86Operating Systems. If you are currently runnning OFSAA v8.0.x on AIX or Solaris x86 Operating Systems, then you must migrate from AIX or Solaris x86 to Linux or Solaris Spark. See the MOS Doc ID 2700084.1 for details.