New Features

OFS Loan Loss Forecasting and Provisioning bundles the following new features in version 8.1.2.0.0:

• LGD Model- The new LGD Model is developed to get the LGD Term Structure. The Workout LGD Methodology is used. Fractional Response Regression is used to train and test the Model. This Model is only available through OFS MMG.
• Straight Line Method Amortization: The New Amortization Method is created in addition to the existing Effective Yield Method. The NE method can be selected at the segment level in the existing Interest Adjustment Run.
• OFS MMG Migration: The Existing models are rewritten in Python and can be used through OFS MMG.
• Incremental Load Run ID: Supports the Incremental Loading of the Staging Product Processor Tables.
• Currency Conversion: Within the LLFP application, for a specific source and destination currencies, the Exchange Rates can be referred to from a default Exchange Rate Source or a Rate Source specific to a particular Legal Entity.
• Subledger: The Subledger Journal Entries finalization sequence has been streamlined, users are required to finalize for all the previous years before they can finalize for the current year.
• OFS EMF and OFS MMG are supported in Release v8.1.2.0.0 for OFS LLFP upgrades.
• Only OFS MMG is supported for a fresh installation of OFS LLFP Release v8.1.2.0.0.