3.1 New Features in this Release

The following new features are incorporated in this release.

For more information on the usage of these features, see the OFS Funds Transfer Pricing User Guide Release 8.1.2.0.0.

1. Enable economic value calculations for FSI_D_ACCOUNT_RATE_TIERS: Now all types of economic values based on TP rate, Adjustment rate; calculations can be performed on Account Rate tiers as well.
2. Enhance Cash Flow Weighted term method to weigh transfer rates only by cash flows received: Cash flow weighted rate is used to weigh rates by both the period when the cash flow will be received (term) as well as the amount of cash flow. This method is enhanced to give both the option:
   1. Rate weighing only by the amount of cash flow
   2. Rate weighing by both amount as well as the timing of cash flow (term when the cash flow is received)
3. Introduced new Hybrid Curve type (Custom WEIGHTED AVERAGE): In the existing moving average hybrid curve type, the system used to assign equal weights to all the effective dates in the historical period selected for moving average, now with this new curve type, you can assign customized weights to each of the effective dates available in selected historical period over which average need to be calculated.
4. Cash flows used for market value calculations are logged for both PRIOR as well as Current period records in case of PARTIAL OR ATTRIBUTES BREAK: OFS Funds Transfer Pricing is enhanced to store both Current and Prior Period Cash Flows used for market value calculations. This enables the banks to have both sets of Cash Flows and perform manual calculations to confirm the results.
5. Charge Credit accumulation for (TP, Adjustment, and All in TP Charge) for Daily Accrual: To support IBOR transition, you can use the charge credit accumulation feature for daily repriced accounts based on RFR curves. The system can keep accumulating daily charge credit to post at month-end. To support this feature, a new column has been introduced which will keep accumulated charge credit; every day, yesterday’s accumulated charge credit will be added to today’s charge credit and posted to today’s accumulated charge credit. Customers can uncheck the Accumulation flag on UI (in the Standard process calculations block) to reset accumulated charge credit equal to today’s charge credit.
6. MOVING AVERAGE TP method to use specific assignment date: The Moving Average method is enhanced to consider assignment date out of Origination date, last repricing date, commitment start date, TP effective date, and adjustment effective date. In case the selected assignment date is Null or 01-Jan-1900, logic will be defaulted to use as of date.
7. Non-Maturity Products Modeling: Helps to create a model that can calculate core/volatile balance for non-maturity products portfolio; based on historical end of period balances available from these products. You can define non-maturity behavior patterns based on model outputs like how much is core, how long core will be available based on the decay rate profile generated by the model. These in-built PYTHON models can help you manage, funds available from non-maturity products more precisely to enhance your profitability.
8. Enhanced Cash flow Edits: A redesigned Cash Flow Edits is available to check the quality of input data and cleanse it. In addition to a fresh user interface, rules have been categorized into multiple groups/sub-groups. Users can select one or more groups/sub-group to execute on the selected date. For a customer upgrading from prior release of FTP, both old and new Cash Flow Edits are available to maintain continuity. A fresh installation of FTP 8.1.2.0.0 will, however, have only the new Cash Flow Edits.