11.10.1 Payment Pattern Structure

Oracle Funds Transfer Pricing allows you to build of the following payment patterns:

• Absolute
• Relative
• Split

These payment patterns differ in terms of how they address payment schedules, which determine whether calendar dates or periods determine the payment events constituting the pattern. Absolute patterns are defined with sets of payment characteristics scheduled on specific calendar dates. Relative patterns are defined with sets of payment characteristics scheduled periods.

You can also define a payment pattern with both absolute and relative payment events. This type of pattern is called a split pattern.

Additionally, for each payment pattern, you need to specify a payment type, either conventional, level principal, or non-amortizing. Your choice of the pattern type and the payment types will determine the fields that are used for calculation.

Note:

Oracle Funds Transfer Pricing's Payment Pattern interface supports simultaneous multiple-user access.