Inactive

DFC uses Oracle EBS for its financial system of record. While the current version of Oracle EBS is capable of accounting transaction for loans created with OPIC’s authority, it does not have capabilit... DFC uses Oracle EBS for its financial system of record. While the current version of Oracle EBS is capable of accounting transaction for loans created with OPIC’s authority, it does not have capability to handle floating rate and foreign currency denominated loans originated with USAID-DCA’s authority or under new authorities of the DFC. Therefore, DFC is currently upgrading Oracle EBS to add configuration for Foreign Currency and Floating Rate. Updating Oracle EBS with floating rate capabilities will requires the automated data feed by subscription service for various interest rate indices, initially USD and EUR LIBOR rates, however, in the future other indices might be required. DFC is also enhancing financial models used to estimate costs and returns on its credit and investment products and these models require various foreign currency and interest rate forward curves to enable their analysis.