12.1 Standard Reclassifications
The regulatory guidelines specify classifications and computations based on certain generic products and party types. Each bank, internally, will have its product and party types, which differ from bank to bank. To ensure consistency in computations, the application supports two standard dimensions based on the regulatory guidelines:
- Standard Product Type
- Standard Party Type
The bank-specific product and party types, which are accepted as a download in the staging tables, are required to be reclassified to standard product and party types supported by OFS LRRCHKMA, respectively.