27.1 Overview of BSP Processes

BSP Processes allow you to perform the following tasks:

• Determine the data that you want to process (Product Hierarchy block). For BSP processing, you must select the Product Hierarchy method and you must use the Product-Instrument Map.
• Submit to the BSP processing engine the financial element results you want to calculate: (Calculation Elements).
• Specify to the BSP processing engine the product characteristics, prepayments, and forecast assumptions to be used in the process (Rule Selection blocks).
• Specify the Forecast Rate Scenario you want to include.

  Note:

  BSP does not support Stochastic processing and so does not utilize Rate Index rules.
• Define the output dimension and what additional attributes you want to be updated at the instrument level (Output Preferences block).

  Note:

  For BSP, you must select Product/Org/Currency. Also, note that BSP does not support instrument-level outputs.
• Enable the output of detailed cash flows or forecast interest rates for audit purposes (Audit Options block).
• Define the processing parameters for a reprocess on an existing run or an entirely new process (Processing Parameters block).
• Formulate and execute the BSP processing request and generate results (BSP Process Summary Page).

The following icons are available on the Process Summary grid:

• Add: Click Add to begin the process of building a new BSP Process Rule. The Add icon is disabled if any rows in the summary table are selected.
• View: Select a single row in the summary table to enable the View icon. The View control allows you to view the contents of a Process on a read-only basis. The View control is only enabled when a single Process rule has been selected.
• Edit: Select a single row in the summary table that enables the Edit icon. Click Edit to modify an existing Process rule. The Edit icon is only enabled when a single Process rule is selected.
• Copy: Select a single row in the summary table to enable the Copy icon. Click Copy to create a copy of an existing Process rule. The Copy icon is only enabled when a single Simplified Batch is selected.
• Check Dependencies: Select a Process rule and then click Check Dependencies to generate a report on all rules that utilize your selected interest rate curve. The Check Dependencies icon is only enabled when a process is selected.
• Delete: Select one or more rows in the summary table to enable the Delete icon. Click Delete to deletes the process rules that are selected.
• Execute: Select a single row in the summary table to enable the Execute icon. Click Execute to execute the selected process. The Execute icon is only enabled when a single Process rule is selected.
• Refresh: Click Refresh to refresh the Process Rule summary page.