16 Restatement Support Feature in OFSDF

This chapter provides information about the Restatement Support feature in the Oracle Financial Services Data Foundation application explicitly for the Start Date/End Date attributes.

Topics:

· Features Supporting Restatement

· Prerequisites

· Use Case for Restatement in OFSDF

· Assumptions for the Restatement Implementation

Note:

The Restatement Support feature is a part of the OFSDF application. This chapter is applicable only if you have followed the post-installation procedure to enable the Restatement Support feature.

The Restatement Support is applicable only for the RDBMS based OFSDF application.

When a regulatory body asks a bank or financial institution to revise, make a correction, and refile the report for a prior reporting period, the Restatement Support feature can be used to correct and refile the report. In the Restatement Support feature, using data versioning property, the bank or financial institution can make the required modifications or add a few more data records to the existing report or delete the records from an existing report. The Start Date/End Date attributes of dimensions support the backdated Run execution. Default T2Ts are configured to use Latest Record Indicator to select the appropriate dimensional attributes irrespective of an execution date. Therefore, Start Date/End Date attributes need to be used while rerunning the report for a prior date. A backdated Run execution for Restatement Support is similar to a regular Run execution in OFSDF.