What’s New in OFS Loan Loss Forecasting and Provisioning Release 8.1.2.0.0

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

New Features

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. For more information on using OFS MMG with OFS LLFP, see the Using Model Management and Governance Application Chapter.
Straight Line Method Amortization: The New Amortization Method is created in addition to the existing Effective Yield Method. The Amortization 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. For more information on using OFS MMG with OFS LLFP, see the Using Model Management and Governance Application Chapter.
Incremental Load Run ID: Supports the Incremental Loading of the Staging Product Processor Tables. For more information, see the Load Run IDs for T2Ts Section.
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. For more information, see the Finalize a Subledger Run Section.

Installing this Major Release