7.9 Editing a Business Assumption

The process of editing a business assumption is as follows:

1. To edit a definition, click Select icon to select a definition from the list of business assumptions and then click the Edit icon.

   Figure 7-85 Business Assumptions – Editing a Business Assumption

   
   

   

   
   

   • You can edit a definition which is in Draft , Open and In Review status. An LRM Analyst has the privileges to edit.
   • When the definition is in Draft status, all the parameters can be edited in the Business Assumption Definition window.
   • When the definition is in Open status and In Review status, all the parameters except the Assumption Name can be edited in the Business Assumption Definition window.
   • When you edit a definition which is Draft status, it remains in version 0.
   • When you edit a definition that is in Open status, the version number does notchange.

   Note:

   In Draft and Open status, the changes made are overwritten and the version number does not change.
2. When you edit a definition that is in Approved status, the version number is changed, and a new version is created. This changes the status to In Review .

   The Run Management screen of the LRS pack allows you to define, approve, and execute Runs. All Runs are defined in the Run Management window of LRM application. The Run, once saved and approved, is registered in the Rules Framework select Run in Oracle Financial Services Analytical Applications Infrastructure.

   Note:

   Every SKU in the Liquidity Risk Solution (LRS) application pack leverages this common user interface. Run management parameters specific to the SKUs licensed will be displayed in the user interface.