10.7.4.2 User-Defined Repricing Event

The events of a repricing pattern define changes to the interest rates of an instrument during its life. Every pattern begins with an initial event, which describes the behavior for the initial period.

Note:

This initial event is required for the setup of all repricing patterns but is not used in Oracle Funds Transfer Pricing. This feature is used only by Oracle BSP when assigning a rate at the origination of new business and transaction strategy records.

The second event describes the change in behavior after the initial period is over. A third event describes the next change in behavior and so on. In relative repricing patterns, you can also define the number of times an event will be repeated before the next event is triggered.

At least one event must be defined for a repricing pattern. All events are listed in the Repricing Events table. The repricing pattern type, absolute or relative, determines the data required to be populated in the events table. Caution: You have the option to change the repricing pattern type at any time during the creation process. However, changing the repricing pattern type causes the system to automatically refresh the Repricing Events table, and the loss of all the data that you previously entered.