| Oracle® OLAP DML Reference 11g Release 2 (11.2) E17122-07 | 
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The LOCALTIMESTAMP function returns the current date and time in the session time zone as a value of data type TIMESTAMP.
When you want to retrieve the current date and time in the session time zone as a TIMESTAMP_TZ value, use the CURRENT_TIMESTAMP function.
TIMESTAMP
LOCALTIMESTAMP [ (timestamp-precision) ]
Specifies the fractional second precision of the time value returned