10.1.7 Seeded Financial Elements

The Financial Element dimension is the only seeded Key Processing Dimension that comes with its own seeded dimension member values. Seeded Financial Element values – dimension members from 0 to 10,000 – may not be modified, but they may be used as storage targets for initial load data or as output targets from allocation rules or other processes. In addition to the five Financial Elements discussed above, OFSAA comes seeded with dozens of additional Financial Elements. For the most part, these other seeded Financial Element values are used as output dimensions member values for the following:

  • The result tables produced by OFSAA Asset and Liability Management (see the OFS Asset Liability Management User Guide). These Financial Elements are rarely used within the Management Ledger table.
  • Aggregated Instrument-level transfer pricing charges and credits. Such aggregations are accomplished by using allocation rules or by using application functionality contained within the OFSAA Funds Transfer Pricing application (see the OFS Funds Transfer Pricing User Guide). Seeded Financial Elements that are commonly used as targets in aggregations of FTP data are Financial Element 450 – Transfer Pricing Charge or Credit; and Financial Element 170 – Weighted Average Transfer Rate.
  • Direct transfer pricing of the Ledger Class Table (see the OFS Funds Transfer Pricing User Guide; the same Financial Elements (170 and 450) are also used as output targets for the direct transfer pricing of the Ledger Class Table).
  • Storing final, ready to report, fully allocated multidimensional results. While user-defined Financial Elements may also be used for this purpose, there are a series of seeded Financial Elements that you may choose to utilize as they are pre-built to function as “reporting lines” within the OFS Enterprise Financial Performance Analytics application.

For a complete listing of all seeded Financial Elements, see Seeded Financial Elements. For examples of the usage of user-defined Financial Elements, see the sections Initial Loads to the Management Ledger and Usage Examples of User-Defined Financial Elements.