27 BSP Processing

When all the required assumptions are defined, BSP Processing generates a result set for the current position forecast based on your account-level detail data. Once a BSP System Administrator has generated a current position result set, that data can be passed into any Forecast Set upon Initialization.

For details on Forecast Sets and Initialization, see the BSP Planning Administrator and Planning Analyst User Guide. The OFSAA Cash Flow Engine can generate four different kinds of process rules to support 4 different types of forecasting.

• Static Deterministic Process: Static Deterministic simulation of the current book of business.
• Dynamic Deterministic Process: Dynamic Deterministic simulation of the current book of business and a new business forecast.
• Static Stochastic Process: Static Stochastic (probabilistic) simulation of the current book of business.
• Dynamic Stochastic Process: Dynamic Stochastic (probabilistic) simulation of the current book of business and a new business forecast.

Of these four types, BSP only supports Static Deterministic Processes.

In BSP, dynamic deterministic simulation is provided whenever a Planning Administrator or a Planning User requests cash flow processing of a BSP forecast so there is no UI provided that allows a BSP System Administrator to build a Dynamic Deterministic rule. Stochastic Processes are not included because they are inherently probabilistic.

Note:

All the above four kinds of simulation are included with OFSAA Asset Liability Management.

This chapter covers the following topics:

• Overview of BSP Processes
• Creating a BSP Process Rule
• Executing a BSP Process