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Once all GL updates are completed, perform the following steps in IRR-Solutions® II for each bank on your system:
Bank Selection Menu
| ❑ | Click on the "Backup Institution" button (middle right portion of screen) |
(See Portfolio Securities Update Procedure)
| 3. | MAINTENANCE MISC DATA ENTRY ITEMS |
| 4. | DOWNLOAD MONTH END FILES |
Data Capture – Capture / Process
| ❑ | Verify Capture date (should now be correct if prompted to change date with securities) |
| ❑ | Verify Month-End Files (default) |
NOTE: If new GL accounts have been added, you will receive an error message and processing will stop. Accounts will need to be cross referenced and processing restarted (see procedure for GL/AL cross-referencing)
| ❑ | Review Application G/L Outage report |
ADVANCED INCOME SHOCK
Adv. Inc. Shock – Assumptions – Index Rates
| ❑ | Review Rates and Adjustments for Shock, especially those that had a rate change on the host system |
| ❑ | Review Manual rates -- Update Effective Rate if necessary |
| ❑ | Set up Shock for new active rates |
| 6. | REINVESTMENT ASSUMPTIONS |
Adv. Inc. Shock – Assumptions – Reinvestment
| ❑ | Review Reinvestment rates for correctness. Use actual history as a guide. Review accounts whose base rate has changed on the host system. |
Adv. Inc. Shock – Assumptions – PrePayments
| ❑ | Review current assumptions and revise if needed. Typically required only if significant rate or market changes have occurred |
Adv. Inc. Shock – Assumptions – Growth
| ❑ | Review current target projections. Adjust for any known future changes or trends |
| 9. | ADVANCED INCOME SHOCK PROCESS & REVIEW |
Adv. Inc. Shock – Process / Review
| ❑ | Review Results - Net Income / Fed Funds Position |
| 10. | ADVANCED INCOME SHOCK REPORTS |
Reporting - Print
| ❑ | Select "Print" to produce a hardcopy set of reports |
| ❑ | Select "PDF File" to produce an archive copy of the reports on the network |
ADVANCED EVE
Advanced EVE – Assumptions – Discount Rate
| ❑ | Review any changes made to the Reinvestment assumptions in the Adv. Inc. Shock side to see if they need to be applied in a similar matter here. Typically, Asset side assumptions are similar if not the same between the two modules. |
| ❑ | Review any other assumptions especially if the base rate to which we are tying the assumption has changed. |
| 12. | ADVANCED EVE PROCESS & REVIEW |
Advanced EVE – Process / Review
| ❑ | Review Results - Volatility of Capital |
Reporting - Print
| ❑ | Select "Print" to produce a hardcopy set of reports |
| ❑ | Select "PDF File" to produce an archive copy of the reports on the network |
| ❑ | Run the Assumption Exception Review Report and resolve any problems. |
BUDGETING
Budgeting – Assumptions – Index, Reinvestment Rates, Prepayments
| ❑ | Review of assumptions in each simulation. |
| 15. | BUDGETING PROCESS & REVIEW |
Budgeting – Process / Review
| ❑ | Review Results - in each simulation. |
ALL MODULES
| 16. | Review Assumption Exception report |
Reports from all modules can be set up in the Reporting/Print tab in report groups so that you can print/PDF all at once.
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