5.3.4.7 Copying Assumptions across Currencies

This functionality provides you with the option to copy, in total or selectively, the product assumptions contained within the Transfer Pricing, Prepayment, and Adjustment Rules from one currency to another currency or a set of currencies.

Copy of assumptions across currencies enhances the usability of Oracle Funds Transfer Pricing Cloud Service in a multi-currency environment. For example, if you have 10 currencies enabled in the application, you need to input only one set of assumptions and then copy those assumptions across all enabled currencies, instead of having to input 10 full sets, thereby saving a significant amount of input time.

This functionality also reduces the risk associated with data input errors, as you need to audit inputs for a single set of assumptions before executing the copy procedure. The copy across the currencies process requires users to select a replacement Transfer Pricing Yield Curve for each target currency. These currency-specific IRC's replace the IRC selection made for each product in the Source Currency Selection Set.

You must define Transfer Pricing, Prepayment, and (or) Adjustment Rules related to product assumptions.

To copy the assumptions across currencies:

1. Navigate to the appropriate (Transfer Pricing, Prepayment, or Adjustment Rule) Assumption Browser.
2. Select Source currency.
3. Select defined product assumptions individually using the check-boxes corresponding to each product (or Node on the hierarchy).
4. Click the Copy Across Currencies icon.
5. On the Copy Across Currencies page, select the listed currencies either individually using the corresponding check boxes or in total using Select All.
6. Specify an Interest Rate Code for each selected currency. This is necessary because each Interest Rate Code is specific to a single currency. When copying product assumptions across currencies, you must define the interest rate code for each target currency to replace the interest rate code used for the source currency assumptions. For Transfer Pricing Rules that use the Redemption Curve Method, users should pay careful attention to the structure of the Interest Rate Codes selected for the Target Currencies to ensure they contain all of the Term Points used in the definition of the source assumptions. If the selected target Interest Rate Code structures are missing required Term Points, the UI displays a notification regarding the missing Term Points, and assumptions cannot be copied until the user takes corrective action.
7. Click Apply to initiate the copy process and to return to the Assumption Browser page.

   Note:

   You can review the results of the copy process from the Assumption Browser by selecting a different currency and following the usual navigation to view or edit assumptions. The application displays new assumptions for each product that was included in the original source selection. The copy process replaces pre-existing assumptions for any product-currency combination that is included in the target selection.
8. Click Save on the Assumption Browser page to store the assumptions in the database.