1. Release Notes
  2. Introduction to OFS Funds Transfer Pricing Pack

2 Introduction to OFS Funds Transfer Pricing Pack

In today's turbulent markets, financial institutions require a better understanding of their risk-return, while strengthening competitive advantage, and enhancing long-term customer value. Oracle Financial Services Analytical Applications (OFSAA) enables financial institutions to measure and meet the risk-adjusted performance objectives, cultivate a risk management culture through transparency, lower the costs of compliance and regulation, and improve insight into customer behavior.

OFSAA uses industry-leading analytical methods, shared data models, and applications architecture to enable integrated risk management, performance management, customer insight, and compliance management. OFSAA actively incorporates risk into decision making, enables to achieve a consistent view of performance, promotes a transparent risk management culture, and provides pervasive intelligence.

OFSAA delivers a comprehensive, integrated suite of financial services analytical applications for both banking and insurance domains.

Oracle Financial Services Funds Transfer Pricing (OFS FTP Pack) pack includes the following applications:

  • Oracle Financial Services Analytical Applications Infrastructure: Provides the pre-requisite foundation services required to run all OFSAA applications including user and security management, object administration, and other foundational level services.
  • Oracle Financial Services Funds Transfer Pricing: Enables banks to apply various transfer pricing methods on products to calculate the funds transfer price. It calculates transfer prices across all product types varying in terms of characteristics like fixed-rate or floating rate instruments, bullet or amortizing, or fixed tenor or perpetual instruments. Besides it also supports the calculation of transfer price at both the account level and ledger level including migration of charge or credit to the management ledger and posting of funding offsets to the funding center.

See the subsequent chapters to know more about this release.

Note:

Release v8.1.2.0.0 of OFS FTP Application Pack is not certified for AIX and Solaris x86Operating Systems. If you are currently running OFSAA v8.0.x on AIX or Solaris x86 Operating Systems, then you must migrate from AIX or Solaris x86 to Linux or Solaris Spark. See the MOS Doc ID 2700084.1 for details.