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2.2 Term Deposit in Oracle FLEXCUBE

1. Pavment Date Pavment Currencv Specifv the following details Principal Liquidation Branch Specifv the branch in which the liquidation account is maintained The adjoining option list displavs all valid branches maintained in the svstem Vou can select the appropriate one Principal Liquidation Account On maturitv the principal of a time deposit can be liquidated into an account vou specifv This would typically be the customer s account When maintaining a deposit indicate the account into which the principal should be liquidated Vou should also Interest Start Date Specifv the date from which the interest accruals of TD account begins Maturitv Date The svstem defaults the maturitv date from the default tenor from the account class However vou can modifv this date On this date the term deposit account gets liquidated Auto Rollover Check this field to automaticallv rollover the deposit vou are maintaining Vou have to indicate Rollover Tvpe on selecting this option G42 ORACLE Close on Maturity Check this field to close the term deposit account on maturity date and transfer the amount to the principal liquidation account If you select this option the principal liquidation account should be an account other than the term deposit account Move Interest to Unclaimed Check this field to move the interest amount to the unclaimed GL mapped at the IC product in the account
2. Tag Description _BRANCH_ Code of the branch where TD is held _BRANCHNAME _ Name of the branch where TD is held _BRNADD1 _ Branch address line 1 _BRNADD2_ Branch address line 2 _BRNADD3_ Branch address line 3 _TDACCNO _ TD Account Number _CUSTID_ CIF ID _CUSTNAME _ Customer name _ADD1_ Customer address line 1 _ADD2_ Customer address line 2 _ADD2_ Customer address line 3 _ADD4_ Customer address line 4 _CCY_ Currency of Term Deposit _AMT_ Term deposit amount _VALDATE __ Value Date of Top up _TOPAMT_ Top up Amount _TOTAMT _ Total amount of the deposit Amount Top up amount _NEWINTRATE __ New Interest Rate after Top up _MATDATE __ Maturity Date _INTCUM Interest Rate Based on Cumulative Amount _BASEAMT _ Base Amount for Arriving at Interest Rate ORACLE 8 5 2 8 5 3 The advice TD_TOPUP is generated on authorization of top up TD Maturity Date Change Advices The TD maturity date change advice TD MAT ADJ is generated if there is any adhoc change in the holiday calendar Tag Description BRANCH Code of the branch where TD is held _BRANCHNAME _ Name of the branch where TD is held _BRNADD1_ Branch address line 1 _BRNADD2_ Branch address line 2 _BRNADD3_ Branch address line 3 _REF_ TD Account Number _CUSTID_ CIF ID _CUSTNAME _ Customer name _ADD1_ Customer address line 1 _ADD2_ Customer addre
3. Document Upload Document Upload 101 H Document Category x Document Type Document Reference Remarks Upload ADDRESSPROOF ad TELEPHONEBILL ai el SE Document Upload Document Path JCBrowse In the Document Upload sub screen specify the corresponding document path and click the Submit button Once the document is uploaded through the upload button the system displays the document reference number View Click View to view the document uploaded Specifying Denominated Deposit Details You can capture denominated deposits details in the Denominated Deposit screen To invoke this screen click the button Denominated Deposit on Deposit Account Booking screen aA ORACLE Denominated Deposit Denominated Allocation Details 1014 ot fae Denomination ID Denomination Description Denomination Value Total Amot v BI lt Certificate Status Query Modification Active Certificate Only Single Certificate Only All Certificates 1 Of 1 E Certificate Number Denomination Value Issue Date Current Status New Status Status Che Issued v 4l Bulk Status Change Select Bulk Status Change Reason The following de
4. Term deposit Term deposit IM A Bbell Counterparty Details Instrument Details Instrument tvpe Bank Code Cheque Date Pavment Branch Beneficiarv Details Address Line 1 PassporviC Number Address Line 2 Narrative Address Line 3 Country Code Interest You can capture the following details Cheque Details Specify the following cheque details Bank Code Specify the bank code of the Bankers cheque Cheque Date Specify the cheque date for the pay out oz ORACLE 6 4 4 Payable Branch Specify the payable branch for the cheque The adjoining option list displays all branch codes linked to the specified bank code You can select the appropriate one Beneficiary Details Indicate the following details Beneficiary Name Specify the name of the beneficiary for the payout Other Details Specify other details if any for the beneficiary Narrative Give a brief description for the payout Country Code Specify the country code for the payout address Address Line 1 to 3 Specify the address of the beneficiary for the payout Counter Party Details Tab Click Counter Party Details tab on the Term Deposit screen and invoke the following screen Here you can capture pay out details for PC transfer to another bank account You need to maintain these details if you have selected Payout Option as Payments Term deposit Term deposit Instrument Details KATUGA DEE Cou
5. 5 9 Capturing User Defined Fields All User Defined Fields UDFs linked to the function ID STDCUSTD are displayed in the User Defined Fields screen Invoke this screen by clicking Fields button on the Deposit Account Booking screen User Defined Fields FI Field Name LBL_FIELD_VAL_DES Here you can specify values for each UDF Refer the User Manual titled User Defined Field for details about defining UDF s Click Fields button on the Deposit Account Booking screen and invoke the User Defined Fields screen 5 10 Specifying Account Signatory Details Click Signatory button on the Deposit Account Booking screen and invoke the Signatory Details screen Signatory Details Account Number Account Branch Account Description Currency Minimum No of Signatories Account Message Signatory Details 1 Of 1 Customer ID Relation Type Signature Id x Signatory Name Signatory Type Here you can capture the following details il ORACLE Branch code The system defaults the current branch here Account This is the account number to which signatories are to being linked Account description The system displays the description for the account you have selected Customer No Enter the customer signatory you want to link to the account You can link a customer signatory to an account either by e Click on
6. Previous month This indicates the previous month deposits Deposits Cost per annum This indicates the cost percentage per annum No of deposits This indicates the currency wise no of deposits for a branch for the current month Current month This indicates the current month deposits Deposits Cost per annum This indicates the cost percentage per annum Interest Paid Report This is a report of term deposits interest paid for the day In this report accounts are grouped Account class wise and interest type wise This report is generated at BOD You can invoke Interest Paid Report screen by typing TDRINREP in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button LBL TDRINREP Branch Report Format PDF Printer At Client Report Output Print Printer Branch Code Specify the branch code The system will generate the interest paid report for the branch code that you have selected If the branch code is not specified then all the branch accounts are shown in the report 19 9 ORACLE 10 6 1 Contents of the Report The parameters specified while generating the report are printed at the beginning of the report The contents of the report are discussed under the following heads Header of the report The header of the report contains the following information Field Name Field Description Br
7. This report list the term deposit accounts which are closed for the given period and that are currently on open status 19 16 ORACLE You can generate this report using TD Account Closed Report screen by typing TDRCLOSE in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button TD Account Closed Report Branch Code Branch Name Customer Customer Name Account Class Description From Date To Date Include Subordinates Report Format v Printer At Client Report Output y Printer Specify the following details here Branch Code Specify the branch code of the TD account The adjoining option list displays the list of all the valid TD RD branch codes maintained in the system You can choose the appropriate one Based on the branch code the system displays the branch name Customer Specify the customer number of the customer The adjoining option list displays the list of all the valid customer numbers maintained in the system You can choose the appropriate one Based on the customer code the system displays the name of the customer Account Class Specify the account class of TD account The adjoining option list displays the list of all the valid TD RD account classes maintained in the system You can choose the appropriate one The system displays the description of the account class From Date Enter the TD accounts which are closed from this date How
8. e Daily e Weekly e Monthly e Quarterly e Half yearly e Yearly Note Notification will be sent only if the check box Send Notification is checked in Account Class Maintenance screen 4 20 ORACLE the account status is active and authorized the mandatory documents are not submitted Notifications will be sent based on the frequency specified First notification will be sent on the expected date of submission or expiry date If notification date falls on a holiday then system will send the notification on next working day Days Reminder System defaults the number of days left for the expiry or submission due date of the documents for sending the reminder System will send the following reminders Reminder prior to the submission due date of the document Reminder prior to the expiry date of the document Overdue notifications after the due date if the document is not submitted based on the frequency Notifications after the expiry date if the document is not submitted after the expiry date Note Reminder will be sent only if the mandatory documents are not submitted the account status is active and authorized Reminder will be sent only once If reminder date falls on a holiday then system will send the notification on next working day Reminder will be sent prior the number of days specified at the account level from expect ed date of submission or the expiry date I
9. Account Balance The account balance is displayed here based on the TD account number Waive Interest Check this box to waive off the accrued interest amount that is to be paid to the customer during redemption Note The interest accrued for the current period alone will be waived and already liquidated in terest will not be waived Waive Penalty Check this field to waive any penalty related to the deposit redemption Note You can check the Waive Interest and Waive Penalty boxes only for full redemption and not for partial redemption Suppress Redemption Advice By default the system will generate the redemption advice However if you check this box the redemption advice creation will be suppressed Rollover Redemption Choose Rollover option to rollover the accounts that are within the grace period days Grace period can be opted only for unclaimed TD s and manual rollover is possible only during grace days Choose Redemption to redeem the term deposit If rollover is opted the payout 68 ORACLE instructions are not applicable at redemption screen On saving the renewal days months years need to be specified and the next maturity date is defaulted based on the rollover tenor on save Redemption Indicate the following details if you have chosen Redemption Redemption Mode Select the mode of redemption from the following options e Full Redemption In this case
10. Branch Customer No Pay In Option Term Deposit Account Customer Name Pay in By Number Term Deposit Currency SD User Reference Account Class Clearing Type Cheque Instrument No Cheque Date Drawee Account Number Routing No Main Nominee foce gst Dual Currency Deposit Document Type Mandatory Expiry Date Expected Date of Document Notification Details C Send Notification Frequency Select Notification Days Reminder Remarks Remarks Interest Charges Linked Entities Restrictions MIS Statement JointHolders Fields AccountSignatory TD Payout Details Statistics Interest Payout Details Rollover History Documents LBL_DENM_DEPOSIT ChangeLog ELCs Date Time Mod No Checker Record Status Date Time Authorization Status Specify the following details Document Type The system displays the document check list based on the customer type Mandatory Based on the details maintained in the account class for the document type the system indicates whether it is a mandatory document or not If this box is checked the document is mandatory If it is not checked it is not mandatory Expiry Date Specify the expiry date of the document provided by the customer Note Note the following Expiry date will always be greater than Expected Date of Submission and Actual Submission Date Expected Date of Submission will al
11. Corresponding slab as on Opening date at the account class then the opening date of the deposit is considered instead of the top up date If a top up is made to a deposit and the redemption amount is taken only from top up amount then the interest re calculation will happen only from that top up date and the initial deposit amount and the interest rate picked up for that will remain unaffected Premature Redemption of Rate Chart Allowed TD During premature redemption of a floating rate term deposit system can do any of the following e Pick up a new rate for the amount being redeemed and recalculate the interest e Pick up a new rate for the remaining principal amount and recalculate the interest e Recovering already paid interest from the redemption amount Rate Pick up and Interest Recalculation for the Redemption Amount For Pre mature redemption of rate chart allowed term deposit system re calculates the interest for the principal amount being redeemed with any one of the following interest rate as defined in the field Interest Rate for Redemption Amount e Continue Existing The contracted interest rate for the deposit to continue This is the rate applicable to the account just before the current redemption e As on Opening Date Corresponding interest rate for the completed tenor and redeemed amount applicable as on the opening date for the deposit interest rate code The completed tenor will be used
12. Current Branch Date Run Date amp Time Current Run Date and Time User ID Operator generating the Report Module Module of the Report Page No Page No of the Report Body of the Report The following details are displayed as body of the generated report Field Name Field Description Product Code Indicates the product code Product Title Indicates the product title Currency Indicates the currency of the transaction Account Number Indicates the account number Customer Name Indicates the name of the customer Deposit Renewal Date Indicates the deposit renewal date Maturity Date Indicates the maturity date Grace Days Indicates the grace days Outstanding Principal Indicates the outstanding principal Outstanding Interest Indicates the outstanding interest 10 19 Term Deposits Topped up During the Period You can generate the Term Deposit Top up report for TD accounts for which the top up is made This report can be generated for all branches or for specific branch for account To invoke the screen type TDRTOPUP in the field at the top right corner of the application toolbar and click the adjoining arrow button 10 34 ORACLE Term Deposits Topped Up During the Period Branch Code Customer Number Branch Name Customer Name Account Number From Date BA To Date B Report Format PDF Printer At Clien
13. Debit from the adjoining drop down list Days in a Month Select Actuals from the adjoining drop down list Days in a Year Select Actuals from the adjoining drop down list Rounding Required Check this box Click Formula Wizard button and invoke the Formula Wizard screen In this screen you need to maintain the following expression Case Result DLY_NET_BAL_M gt 0 AND PENALTY_APPLY 1 PENALTY_BASIS DAYS_FROM_START TD_PNL 100 YEAR ORACLE Formula 3 Specify the following details Book Flag Select Tax from the adjoining drop down list Debit Credit Select Debit from the adjoining drop down list Days in a Month Select Actuals from the adjoining drop down list Days in a Year Select Actuals from the adjoining drop down list Rounding Required Check this box Click Formula Wizard button and invoke the Formula Wizard screen In this screen you need to maintain the following expression Case Result FORMULAT 20 FORMULAT TAX RATE 100 9 2 3 Recurring Deposit Rule Specify the following details On Account Opening Month Check this box On Account Closure Month Check this box SDE Maintain the following SDEs e DAYS e DLY_NET_VD_BAL e RD INSTALL DUE e RD OVERDUE DAVS e VEAR UDE Maintain the following UDEs e TD1 e OVERDUE PENALTV e TAX RATE Tvpe For each of the UD
14. Introduction This manual is designed to explain the Term Deposits TD module of Oracle FLEXCUBE It provides an overview to the module and provides information on using the Term Deposits module of Oracle FLEXCUBE You can further obtain information specific to a particular field by placing the cursor on the relevant field and striking lt F1 gt on the keyboard Audience This manual is intended for the following User User Roles Role Function Back office managers officers Authorization functions Product Managers Product definition and authorization End of day operators Processing during end of day beginning of day Financial Controller Product Managers Generation of reports Documentation Accessibility For information about Oracle s commitment to accessibility visit the Oracle Accessibility Program website at http Avww oracle com pls topic lookup ctx acc amp id docacc Organization This manual is organized into the following chapters About this Manual acquaints you quickly with the organization audience Chapter glossary of icons and related documents for this User Manual Term Deposits An Overview offers a brief insight into the TD module Chapter 2 and lists out the salient features Term Deposit Maintenance explains the maintenances required for creat Chapter 3 l os ing and servicing TDs Chapter 4 TD Account gives details about how to create a TD a
15. Report To Date Date till which the report is generated Body of the report The generated report will have the following information Field Name Field Description Customer ID This indicates the customer ID Customer Name This indicates the customer name 19 24 ORACLE Field Name Field Description Deposit Account Number This indicates the deposit account num ber Account Description This indicates the account description Account Branch This indicates the account branch Account Currency This indicates the account currency Deposit Amount This indicates the deposit amount Deposit Tenor This indicates the deposit tenor Deposit Maturity Date This indicates the deposit maturity date Maturity Date Adjusted Due to Holiday This indicates the maturity date adjusted due to a holiday Account Open Date This indicates the account opening date Account Class This indicates the account class 10 14 TD Account Maturity Date Falling on a Holiday Report You can generate this report using the Term Deposit Maturity Date Falling on a Holiday due to an Adhoc change in Holiday Calendar screen This report displays the list of Term deposit for which the maturity date falls on a holiday due to Adhoc holiday change You can invoke this screen by typing TDRMDFOH in the field at the top right corner of the Application tool bar an
16. Signatory Details screen TD Payout Details This invokes the Term Deposit Payout Details screen Change Log This invokes the Customer Address Change Log screen Interest Payout Details This invokes the Term Deposit Interest Payout Details screen Rollover History This invokes the rollover History screen Denominated Deposit This invokes the Denominated Deposit screen Sa ORACLE 5 2 Specifving Interest Details Click Interest button on the Deposit Account Booking screen and invoke the IC Special Conditions Maintenance screen IC Special Conditions Maintenance Account Details Branch Account Calculation Account Interest Start Date Interest Booking Account Charge Start Date Charge Booking Account Interest Booking Branch Interest Statement C Dr Cr Advices Consolidated Charge Account Charge Booking Branch Rate Chart Allowed Interest Rate Based on Cumulative Amount Product Details 4 Of 4 Product Code UDE Currency _ Waive Interest Generate UDE Change Advice Open TILBL CONTVARROLL Effective Date 1 Of 1 Effective Date Open UDE Values 1 Of 1 7 User Defined Element Id UDE Value Rate Code TD Rate Code LBL_UDEVARIANCE You can specify the following details Branch Code The Branch Code to which the account belongs for which you are d
17. The system displays the branch code Account Currency The currency of the selected TD account is displayed here G a ORACLE 6 8 1 Capturing Regular Deposit Details If the TD account selected is a regular deposit and not a denominated deposit then this tab is enabled The following details are captured here Term Deposit Certificate E New Advice Account Number Branch Code Account Description Account Currency Term Deposit Amount Regular Deposit Denominated Certificates Stock Catalog Code No of Advices Generated Certificate Number Rollover Issue Mark As Duplicate Auto Generate Certificate No Generate Stock Catalog Code Select the stock catalog code from the adjoining option list The list displays active stock catalog codes for the TD Certificate instrument type Certificate Number Specify the Certificate Number if the Auto Generate Certificate Number is not checked System defaults the Certificate Number if Auto Generate Certificate Number is checked Note If the Auto Generate Certificate Number is checked then the existing Generate button will be used to fetch the next Certificate Number from the inventory maintenance based on the selected Stock Catalog Code for the TD Certificate instrument type If Auto Generate Certificate Number is not checked then you have to enter the certificate number System validates whether the certificate number is valid or not based on the select
18. Account Currency System displays the currency of term deposit account Current Deposit Details Account Open Date The system displays the date on which the existing deposit is opened Principal Balance The system displays the principal balance of deposit The principal amount displayed here is the current principal amount of the deposit Account Balance System displays the balance available in deposit account as on date Interest Rate System displays the rate of interest of the current deposit Maturity Date This indicates the maturity date of the existing deposit This is only a display field and cannot be modified Maturity Amount System displays the amount of maturity for the existing deposit Interest Paid Out System displays the amount of interest liquidated till date from the date of account opening Tax Collected The system displays the amount of tax collected till date from the date of account opening Deposit Tenor Years The system displays the tenor of deposit in years Months The system displays the tenor of deposit in months Days The system displays the tenor of deposit in days 6 51 ORACLE Rollover Details Rollover Type Select the rollover type from the following e Principal For rollover simulation only principal amount of the existing deposit is considered For denominated deposits only the option of simulating the principal amount is allowed e Special Amount The ro
19. Closing TD by Payout to Loan Account If you select Payout Type as Loan Account at term Deposits Redemption Input level then the system credits the payout amount and automatically initiates liquidation event The components of the loan which are due on the payout date are liquidated based on the liquidation order maintained for Loan Account If the payment amount is greater than the due amount then the system generates an interest book log and the account will be closed manually Note Note the following The maturity date of the payout loan account should be greater than the maturity date of the TD account Ifthe Payout Loan Account and the Term Deposit Account customers are different then the system displays an override message oa ORACLE 6 12 Viewing TD Execution Log You can view the execution log of all TDs using the Term Deposits Execution Log Summary screen To invoke this screen type ICSEXELG in the field at the top right corner of the Application tool bar and click the adjoining arrow button Ct Advanced Search 9 Reset Branch Code az Account Currencv Code H Run Date Records perpage 15 First Previous 4 or 4 Next Last Branch Codej Account Currency Codej Event Tenor Amount Run Date Execution Status JError Reasonj Deposit Number Maturitv Date Execution You can query on records based
20. Continue variance on Rollover Flag is modified Check this box to enable continued variance on rollover If you check this then the system will default account variance as current value to the rollover deposit for the next cycle If you do not check this then the account variance will not be carried forward to next rollover cycle 8 00 ORACLE Product Code Specify the interest charge IC product code that should be linked to the account The adjoining option list displays all valid IC products available in the system You can select the appropriate one UDE Currency Specify the UDE Currency defined for the product Waive Check this box to waive off an interest or a charge that has been specified Generate UDE Change Advice Check this box to generate the UDE change advice Open Check this box to make the product applicable again More than one product may be applicable on an account class at the same time You can temporarily stop applying a product on an account class by closing it You can achieve this by un checking the box Open The product will cease to be applied on the account class Effective Dates Specify the following details Effective Date Indicate the date from which a record takes effect using the adjoining calendar Open Check this box for records with different effective dates if the values of the UDEs vary within the same liquidation period Account UDE Value Specify the
21. Credit During transaction processing the system will validate whether any restrictions are placed on the account based on the product code If you have indicated to allow Cr transactions for the product ABCD and attempt to post a credit entry the system will seek an override If the message has been configured as an override instead of an error you will be able to continue the transaction despite the restrictions by providing appropriate reasons for the same Otherwise you cannot continue with the transaction During maintenance or online operations in the respective contract screens for the restricted transactions when you specify the customer account the system checks whether the account is restricted for the product that has been selected or the debit credit transaction type If so an override is sought when such contracts are saved Transaction Details Indicate the following preferences Special Condition By default the restrictions maintained at the account class level will be displayed here When you define transaction code restriction attributes for an account itself rather than for the account class to which it belongs it is referred to as a Special Condition You can apply special conditions by selecting the option Applicable at the account level If you opt to define special conditions for an account the restrictions defined for the Account Class to which the account belongs will NOT app
22. Display ILM Type UDE Values Dates Effective Date 4 UDE Values User Defined Element Id Rate Code 6 41 ORACLE 6 13 2 1 You can define the interest and charge related details associated with the customer s deposit account For more information on specifying Interest details for TD refer to the section Specifying Interest Details in the chapter TD Additional Details in this User Manual Specifying Deposit Details Click Deposit button in the IC Special Conditions Maintenance screen to specify preferences for the simulated account LBL_DET_DEP_Ty E Principal Liquidation Account Principal Liquidation Branch Next Maturity Date z Deposit Tenor Interest Start Date Maturity Date e Auto Rollover Rollover Details Principal Close on Maturitv Principal Interest Special Amount Move Interest to Unclaimed Move Principal to Rollover Amount Unclaimed Offset Account Term Deposit Pay in Option Term Deposit Amount Offset Branch az Recurring Deposit Installment Frequencv Auto Pavment Takedown MI Move funds on Overdraft Move Maturities to Davs Unclaimed Months l Pavment Branch z Years Payment Account az Installment Amount i Recurring Deposit Account
23. If you check this box then during the Beginning of Day operations on the Maturity Date the account will be closed The principal will be moved if specified to the account your customer os ORACLE has directed In case you don t check this box and the deposit remains unclaimed you can opt to move the principal and interest to the respective Unclaimed GLs maintained at your bank Note If you check the Auto Rollover box you will not be able to check Close on Maturity box Your specifications here will default to all deposit accounts opened under the account class However when maintaining a deposit account you can change the specifications that default Note that this box has to be mandatorily checked if you check the box Recurring Deposit in the Deposit Account Details screen Allow Partial Liquidation Check this box to indicate that partial redemption is allowed If Allow partial Liquidation is not checked then partial redemption will not be allowed on term deposits under this account class Refer the section Maintaining Floating Interest Rates in this Manual for details about maintenance required for partial liquidation of TD Allow Partial Liquidation with Amount Block Check this box to indicate that partial liquidation is allowed for the deposits with amount blocks If the TD is linked partially then partial liquidation of the TD will be allowed only if you check this b
24. 5 11 4 Capturing Payout Interest Details for Child TD L 5 25 5 11 5 Interest Tab interest preferences for Child TD en 5 26 5 11 6 Specify the variance in the interest rate This is the variance alone The effective rate will be the sum of the TD rate code and the variance that you specify here You can modify it any time Deposit Tab Deposit Preferences for Child TD 5 29 5 12 Capturing Interest Payout Details for Banker s Cheque DD and PC 5 36 5 12 1 Banker s Cheque DD Tab nn 5 36 9 12 21 RG Tab ii i is e na ga a ea 5 37 5 13 Viewing Rollover History Details nn nrnnn nn nnnnnn 5 39 5 14 Specifying Document Details nanna 5 40 5 15 Specifying Denominated Deposit Details nem 5 41 5 15 1 Denomination Allocation nn an nanna 5 47 5 16 The settlement account for the interest cannot be the same TD account Maintaining Amount BIOCKS 9 lis cies i cadets a a ze i i tea sen in ae eee aa 5 47 5 177 Viewing TD SUMDMaT ii at a 5 50 5 18 Specifying Deposit Instructions 22 Lee nenannnnnnnnn ann nnnn nannti 5 51 5 18 1 Specifying UDF Values nn Erik rna 5 53 5 19 Viewing Instruction SUMMAaAry l nerka nn nn mnn nn An nnmAn Ant tnnnAnnnztnzzznnn 5 54 5 20 Input and Authorization Limit Validation for TD and RD 5 54 6 TD Op r ti ns i i eee ite eee 6 1 6 1 7 sntrodu tioti si es ace fa i e f a AATA r eb aah ete nie ed Se 6 1 62 Topping Up a UD ra eri a B aetee en 6 1 6 3 Viewing Top
25. 6 7 1 Note Note the following You can query or modify the account details of the customers whose accounts are permitted to you for the query modification in the Group Code Restriction screen Ifyou are allowed to query customer information then system displays the details pertaining to the fetched records You can query modify and amend other branch transactions through the summary screen Premature Redemption of Top up Deposit While doing a premature partial redemption of a top up deposit system follows the LIFO method i e the redemption amount will be taken from the latest top up first The system keeps track of the funds inflow and outflow During premature redemption the funds moving out using LIFO method are tracked and the interest for the remaining amount is calculated accordingly The penalty is calculated on LIFO method based on the number of days the redemption amount is available in the deposit This is applicable during premature full redemption penalty calculation also The SDEs DAVS FROM START DEPOSIT_AMOUNT and PENALTY_BASIS are used for calculation of penalty If for a deposit the interest amount is liquidated to the deposit account itself then any redemption after the top up will consider only the principal amount i e the interest amount liquidated to the account will not be considered for the redemption lf the interest rate for the redeemed amount and the amount after redemption is
26. By default the customer s account in the current branch will be displayed in this screen in the Charge Booking Account field However you have the option of booking charge to a different account belonging to another branch also The accounts maintained in the selected Booking Branch will be available in the adjoining option list You can select the appropriate account Charges will then be liquidated into the selected account Interest Statement Check this box to indicate that you would like to generate an interest statement for the account The Interest Statement will furnish the values of the SDEs and UDEs and the interest rule that applies on the account Interest Start Date Specify the date from which the interest accruals of TD account begins You can specify the date as of booking the TD or any date in the future If you specify a date in future the system will post entries for account opening DEBK event on the account opening date with the value date as interest start date It will start interest accrual calculation on the date specified in this field and post entries for IACR event Charge Start Date For the account for which you are defining special conditions you must specify the date from which you would like to apply charges Charges for this account will be calculated according to the special conditions that you define subsequently By default charges on an account would be applied when the free banking period
27. Interest rate This displays the interest rate applicable for the account Maturity Amount This displays the maturity amount for the tenor of TD Branch This indicates the Branch Name Product Code This indicates the product code of the TD account Product Title This indicates the product description of the IC product Product Currency This indicates the Currency of the TD account class Currency Total This indicates the Currency wise total for deposit amount Interest Payable and Maturity Amount Auto Rollover Will indicate whether the TD is Auto Rollover or not Stock Catalogue Code This displays Stock Catalogue Code for the TD certificate num ber Certificate Number This indicates the certificate number Duplicate issue This indicates Y N based on the duplicate certificate genera tion for TD account 10 22 ORACLE Interest Rate Based on This indicates whether the interest rate for the deposit is Cumulative Amount arrived using cumulative amount or not 10 13 Term Deposit Account Maturity Date Change Report You can generate the TD account maturity date change report for term deposits that have the maturity date adjusted due to adhoc holiday change You can generate this report using the Term Deposit Maturity Date Changed Due to Change in Holiday Calendar screen You can invoke this screen by typing TDRMDCHG in the field at the top
28. Report Output Select the output for the report from the adjoining drop down list This list displays the following values e Print Select this option if you wish to print the report e View Select this option if you wish to view the contents of the report e Spool Select this option if you wish to spool the report for further use Printer At Select the location where you want the report to be generated from the options provided in the adjoining drop down list This list displays the following values e Client e Server Printer Specify the name of the printer or select it from the option list provided The adjoining option list displays all the configured printers This is applicable only if you have specified the output as Print Click the Ok button to generate the report Click Exit to return to the Reports Browser Contents of the Report The parameters specified while generating the report are printed at the beginning of the report The contents of the report are discussed under the following heads 10 26 ORACLE Header of the report The header of the generated report will have the following information Field Name Field Description Branch Current Branch Code and branch Name Branch Date Current Branch Date User ID Operator generating the Report Report From Date Date from which the report is generated Report To Date Date till which the report is generated Body o
29. Specify the signatory type Approval Limit Specify the amount up to which the account signatory can approve for debits Signatory Message The system displays the message corresponding to the signatory nl ORACLE 5 11 5 11 1 Indicating TD Payout Details Click TD Payout Details button on the Deposit Account Booking screen and invoke the Term Deposit Payout Details screen to capture the parameters for automatic pay out Term Deposit Payout Details Branch Currency Account utei Bankers Cheque Demand Draft PC Branch DefaultFrom Parent Account Currency Account Class Customer No Account Class Here you can capture the following details Branch code The system defaults the current branch here Account This is the parent TD account number Currency The system defaults the TD currency Term deposit Tab This tab is displayed by default on invoking the screen Here you can capture details for creation of a child TD as part of pay out of the parent TD Customer No The system defaults the customer number However the customer no can be changed and a different customer can be provided for child TD creation Branch code The system defaults the current branch here Currency The system defaults the TD currency Default From Indicate whether the details should be picked up from the parent TD account or the account class by choosing one of the following options e Account e Ac
30. _MATDATE_ Maturity date _MATAMT_ Maturity amount _MATAMTWORDS _ Tax Amount in words _CCY_ Maturity amount currency _MDATE _ Maturity Date _TDATE_ TD Booking date _INTRATE_ Interest rate _ DUPLICATE _ Duplicate Certificate _USERNAME _ User Name who has generated the advice _INTCUM Interest Rate Based on Cumulative Amount _BASEAMT _ Base Amount for Arriving at Interest Rate For denominated certificates the following tags are available for ICCOD advice Tag Description _ CDENOID Denomination id of the certificate _CDENOVAL _ Denomination of the certificate CDENOUNIT The unit of denomination _CSTATUS _ The current status of the certificate ICCOD_SIM This advice will be generated for original and duplicate advice for Term Deposit Simulation Advice Tag Description BRANCH Code of the branch where Account is to be held _ BRNAME _ Name of the branch where Account is to be held _BRADDR1__ Branch address line 1 _ BRADDR2_ Branch address line 2 _ BRADDR3_ Branch address line 3 _ACLASS _ Account Class ORACLE _ACLASSDEC Account Class Description _CUSTID_ CIF ID _CUSTNAME_ Customer name _ADD1_ Customer address 1 _ADD2_ Customer address 2 _ADD3_ Customer address 3 _ADD4_ Customer address 4 _TERMDEPA Amount of Term Deposit MT_ _TENORY_ Tenor Term
31. 6 3 5 Maintaining Account Class for TD L nar nn arana 3 6 3 9 1 A ount Details Ta eerren ra eE A E EE AS 3 7 3 5 2 Maintaining Deposit Details sena nanna 3 9 3 5 3 Maintaining Denominated Deposit Details 3 20 3 6 Specify a denomination value if inventory tracking is not available If inventory tracking is done then the denomination value of the selected denomination id is defaulted here For further details about setting up an account class refer the chapter Maintaining Mandatory Information in the Core En tity User Manual Setting Up Interest Preferences for TD LL nn 3 21 3 6 1 Specifying Accounting Roles for Unclaimed Deposits en 3 22 3 6 2 Linking TD Account Class to Interest Product s 3 24 3 6 3 Linking Main Interest Rate UDE nn an nanna 3 26 3 7 Maintaining Floating Interest Rates 22 nennnnennnnnnnnna 3 26 3 7 1 Maintaining Parameters for Premature Withdrawal of TD 3 28 3 7 2 Calculating Interest Rate during Normal Maturity of a TD 3 28 3 7 3 Calculating Interest Rate during Partial redemption of a TD 2 00 3 28 3 7 4 Calculating Interest Rate during Pre Closure of a TD L 3 29 3 7 5 Calculating Interest Rate Based on Cumulative Amount u 3 29 lis SED PRC CON assess se cece tate exec nnenace once eet ane ewe ceceme a a aree 4 1 4 1 Creating a Deposit Account nn nnnnn nar nnnntnn nanna nt nnn nar nnttannnnnnztnaa 4 1 4 41 1 Main Tab issan nizel 4 3 4 1 2 Viewing
32. 9 2 4 4 Formula for Principal and Interest Details The following formula will be used to calculate principal and interest amount during term deposit redemption Sample formula below Condition Formula DEPOSIT AMOUNT gt 0 DEPOSIT AMOUNT DAYS INT_RATE 100 YEAR Deposit account opening date 01 Jan 2011 Deposit amount 10000 USD Tenor 365 Days Interest rate 10 Interest payout frequency Monthly Maturity date 31 Dec 2011 Computed interest amount till maturity 1000 USD Maturity Amount 11000 USD Partial Redemption Redemption date 01 Jul 2011 Redemption type Partial Redemption Redemption Amount 5000 USD Interest liquidated so far 600 USD Recalculated interest rate T Recomputed Interest till redemption 350 USD Amount to be recovered from customer 250 USD Full Redemption Redemption date 01 Jul 2011 Redemption type Full Redemption Redemption Amount 10000 USD Interest liquidated so far 600 USD Recalculated interest rate 7 Penalty rate 2 9516 ORACLE 9 2 5 Recomputed Interest till redemption 350 USD Amount to be recovered from customer 250 USD Penalty amount to be recovered 99 USD Net Amount paid to the customer after full redemption 10000 250 99 9651 USD UDE Value Maintenance You can maintain UDE values for the rules using the Interest amp Charges User Data Element Maintenance screen You can invoke the Interest amp Charges
33. Amounts and Dates nn nnnnn nanna 4 15 4 1 3 Nominee Tab issa ii ei a i a a e a d 4 16 4 1 4 Dual Currency Deposit iu22sesszzeeennnzzznnnnnnzzniinzannzzzzinnannazzjntnzzzziiinanzzzii ditta 4 17 4 1 5 G eck List TaD i283 kisi dieta ear fn pa ita a aa a disa 4 19 4 1 6 Capturing Additional Details nanna nn 4 21 4 2 Viewing Term Deposit Account Details eenen ann nn nn 4 22 4 3 Viewing Recurring Deposit Details nn rna A 24 5 TD Additional Details Li iii it 5 1 5 1 Capturing Additional Details nanna arana 5 1 5 2 Specifying Interest Details 2 e 5 2 5 3 Specifying Charge Details nanna rna nn 5 8 5 3 1 Specifying Product Details nn 5 8 5 4 Specifying Linked Entities ss ant 5 9 5 5 Specifying Restrictions 22 nanna nannti nanna 5 10 5 6 Specifying MIS Detalls etnika tnin 5 13 9 6 1 Viewing Change LOQ ena EE Eii nr nanna 5 14 36 2 Viewing Transfer LOQ ccccssessetecsseesenecesneessneveeesscnensnee A EE pana ie 5 15 5 7 Specifying Statement Details nn nanna ran 5 16 5 8 Specifying Joint Holder Details nn nn nnn rna 5 18 5 9 Capturing User Defined Fields 00 0 0 20 nnennnnnnnnn mnn nanna nannti 5 20 5 10 Specifying Account Signatory Details 2200 nn nnnnnnnnnnnnnnnnnnn a 5 20 5 11 Indicating TD Payout Details 2 0 00 nn nn 5 22 SIT Ferm deposit Ta a e A a a aa FE 5 22 5 11 2 Bankers Cheque DD Tab ee 5 23 9 11 3 Specifying PC Details nn 5 24
34. Book Accounting Entries Accounting Role Amount Tag Dr Cr Indicator TDACCOUNT TD PRINC Credit TDOFFSET TD PRINC Debit cad ORACLE 8 6 1 2 8 6 1 3 IACR Interest Accrual Accounting Entries Accounting Role Amount Tag Dr Cr Indicator AP01 PNL_ADJ 1 IACR_ADJ Debit AP01 ACR_ADJ 1 IACR ADJ Credit AP01 PNL 1 IACR Debit AP01 ACCR 1 IACR Credit ILIQ Interest Liquidation Accounting Entries Accounting Role Amount Tag Dr Cr Indicator AP01 ACCR 1 ILIQ Debit AP01 PNL_ADJ 2 IACQUIRED Credit AP01 BOOK 2 IACQUIRED Debit APOT BOOK 1 IACQUIRED Credit AP01 ACQUIRED 1 IACQUIRED Debit APOT BOOK 1 ILIQ Credit AP01 BOOK 3 TAX_ADJ Debit AP01 TPBL 3 TAX Credit AP01 BOOK 3 TAX Debit AP01 PNL 2 ILIQ Credit AP01 BOOK 2 ILIQ Debit AP01 TPBL_ADJ 3 TAX_ADJ Credit 8 18 ORACLE 8 6 1 4 8 6 2 8 6 2 1 8 6 2 2 IMAT Interest Maturity Accounting Entries Accounting Role Amount Tag Dr Cr Indicator INT LIQD IMAT Debit INT BOOK IMAT Credit PRINC LIQD PMAT Debit PRINC BOOK PMAT Credit Note You need to maintain entries for each of your booking type formulae otherwise the system will not be able to process IC Tax entries are mandatory if tax parameters are maintained for your rule When you don t maintain tax through the Tax sub system but instead you maintain it as a debit ty
35. C Tax E Description Slogan Charge Basis Product Group Description Product Group Description l Booking Account Type Interest Start Date g aa interest 7 ule End Date ba Remarks Rule Description Billing Liquidation Accounting Roles Events Branch Customer Preferences Status Maintenance Maker Date Time Checker Date Time Mod No Record Status Authorization Status Check Deposit to create Deposit Interest product The booking account type should be maintained as Interest for the deposit product The accounting roles are generated for the product based on the interest rule maintained at ICDRUMNT 3 6 1 Specifying Accounting Roles for Unclaimed Deposits In case you have checked the option Move Interest to Unclaimed and Move Principal to Unclaimed in the Deposit Account Details screen at the account class level you will have to specify appropriate accounting roles for the IC product using the Accounting Roles screen See ORACLE Click Accounting Roles button on the Interest and Charges Product Maintenance screen and invoke the following screen Accounting Roles Product Code Product Description Class Details Default From Class Class Code Class Description Roles 1 Of 1 Accounting Role Role Description Account Head GL Description Specify the following details in case you have opted for moving interest and o
36. Case Result RD_INSTALL_DUE gt 0 RD_INSTALL_DUE OVERDUE_PENALTY RD_OVERDUE_DAYS 100 YEAR Formula 3 Specify the following details Book Flag Select Tax from the adjoining drop down list Debit Credit Select Debit from the adjoining drop down list Days in a Month Select 30 Days from the adjoining drop down list Days in a Year Select 360 from the adjoining drop down list Rounding Required Check this box Click Formula Wizard button and invoke the Formula Wizard screen In this screen you need to maintain the following expressions Case Result FORMULA1 gt 0 FORMULA1 TAX RATE 100 Rate Chart Allowed with Penalty Specify the following details On Account Opening Month Check this box On Account Closure Month Check this box SDE Maintain the following SDEs e DAYS e DAVS FROM START e DEP ANT INIT e PENALTV APPLV e PENALTV BASIS e VEAR ORACLE UDE Maintain the following UDEs UDE Type TD_1 Rate Code as Rate TD_PNL Rate TAX_RATE Rate Get Latest For each of the UDEs select the option Use Effective from the adjoining drop down list Click Formulas button and invoke the Formulas screen You need to maintain two booked formulae and one tax formula Formula 1 Specify the following details Book Flag Select Booked from the adjoining drop down list Debit Credi
37. Modified System validates whether the Denomination allocation pending amount and the new denomination total amount are the same Fresh certificates with the new denomination are issued using the ICDBADHC screen The status of the new certificates will be Re denominated Closing a TD Deposit accounts can be closed automatically on the Maturity Date of the deposit You can specify this by choosing the Close on Maturity option while creating the TD A deposit acquires the specifications for the account class under which it is opened you can change this If you choose the Close on Maturity option during the Beginning of Day operations on the Maturity Date the account will be closed The principal will be moved if specified to the account your customer has directed If the deposit remains unclaimed you can opt to move the principal and interest to the respective Unclaimed GLs maintained at your bank Transferring to Unclaimed Deposit on Maturity As explained in the Main Tab section in the chapter TD Account you can move the deposit to an unclaimed GL as per options specified in Main Tab in Deposits Account Booking screen upon deposit maturity end of grace period Configure the Unclaimed Principal GL and Unclaimed Interest GL at accounting role maintenance at IC product level to move the Principal amp Interest components respectively 8 88 ORACLE 6 10 1 6 11 Moving
38. PENALTY_BASIS DAYS_FROM_START DAYS PENALTY_APPLY 1 TD_PNL 100 YEAR Formula 3 Specify the following details Book Flag Select Tax from the adjoining drop down list Debit Credit Select Debit from the adjoining drop down list Days in a Month Select 30 Days from the adjoining drop down list Days in a Year Select 360 from the adjoining drop down list Rounding Required Check this box Click Formula Wizard button and invoke the Formula Wizard screen In this screen you need to maintain the following expression Case Result FORMULAT 20 FORMULAT TAX RATE 100 TD with Normal Tenor and Penaltv Specifv the following details On Account Opening Month Check this box On Account Closure Month Check this box 90 ORACLE SDE Maintain the following SDEs e DAYS e DAYS_FROM_START e DLY_NET_BAL_M e PENALTV APPLV e PENALTY_BASIS e TENOR e YEAR UDE Maintain the following UDEs e TD1 e TD 2 e TD3 e TD PNL e TAX RATE Tvpe For each of the UDEs select the option Rate from the adjoining drop down list Get Latest For each of the UDEs select the option Use Effective from the adjoining drop down list Click Formulas button and invoke the Formulas screen You need to maintain two booked formulae and one tax formula Formula 1 Specify the following details Book Flag Select Booked from the ad
39. Payable Branch Specify the payable branch for the cheque The adjoining option list displays all branch codes linked to the specified bank code You can select the appropriate one one ORACLE Beneficiary Details Specify the following details Beneficiary Name Specify the name of the beneficiary for the pay out Passport IC Number Specify the passport or IC number of the beneficiary for the pay out Narrative Specify the description for the pay out Beneficiary Address Specify the address of the beneficiary for the pay out 5 11 6 3 PC Tab for Child TD Click PC tab to capture payment details if you want to redeem the child TD through a PC transfer to another account Payout Parameters Bankers Cheque ge Counterparty Counterparty Bank Code Counterparty Account Currency Beneficiary Details Beneficiary Address Beneficiary Name PassportiC Number Narrative The following details are captured here Counterparty Specify the following details Counterparty Bank Code Specify the bank code of the counter party Counterparty Account Specify the account name of the counterparty for the pay out Currency Specify the currency for the pay out Beneficiary Details Specify the following details eae ORACLE Beneficiary Details Specify the details of the beneficiary Beneficiary Name Specify the name of the beneficiary Passport IC Number Specify the Passport IC Number of the
40. This invokes the Rollover History screen Documents This invokes the Document Upload screen Change Log This invokes the Customer Address Change Log screen Refer the chapter Capturing Additional Details in this User Manual for details about the aforesaid buttons Viewing Term Deposit Account Details You can view the term deposit account details maintained in the Deposit Account Booking screen using the Deposit Account Summary screen You can invoke this screen by typing wee ORACLE STSCUSTD in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button Deposit Account Summary Authorization Status Record Status Branch Code ai Term Deposit Account ai Customer Number a Number Stock Catalog Code E Term Deposit Currency a Certificate Number Advanced Search Records per page 15 v 1 Of 1 Authorization Status Record Status Branch Code Term Deposit Account Number Account Description Customer n 4 F m In the above screen you can base your queries on any or all of the following parameters and fetch records e Authorization Status e Branch Code e Record Status e Term Deposit Account Number Select any or all of the above parameters for a query and click Search button The records meeting the selected criteria are displaye
41. beneficiary Narrative Give a brief description for the payout Beneficiary Address Specify the address of the beneficiary 5 34 ORACLE 0 12Viewing Change Log Click Change Log button on the Deposit Account Booking screen and invoke the View screen Verify E New E Enter Query Key Id Function Id Records 1 Of 1 Mod Number Modification Status Maker Date Stamp Authorization Status View Char Ta Remarks Maker Remarks Maker Override Remarks Warnings 10f1 Warning Code Warning Description First Checker Remarks Fields 10f1 Field Name Old Value New Value Here vou can view the following details e Modification Number e Modification Status e Maker ID e Maker Date Stamp e Authorization Status e View Changes e Remarks e Maker Remarks e Maker Override remarks 5 35 ORACLE 5 12 5 12 1 e First Checker Remarks e Checker Remarks e Warning Code e Warning Description e Field Name e Old Value e New Value Capturing Interest Payout Details for Banker s Cheque DD and PC You can capture interest payout details for Banker s Cheque DD and PC in the Term Deposit Interest Payout Details screen interest Payout Details Branch Currency Account Bankers Cheque Demand Draft PC Instrument Details Instrument Type Bank Code Currency Pa
42. close mode existing setup would be ignored System will post the accounting entries as defined in the selected RT product and charges if any linked to the selected RT product would be applied selected mode 6 7 You have to select an RT product so that the accounting is in conjunction to the ORACLE The manual product selection is applicable only for transfer to GL or Savings or Loan For other modes the respective BC DD PC product would hold good Incase you select an RT product in ICDREDMN screen then on save the following override message is displayed The selected RT product would supersede the RT product set based on the close mode Branch Specify the branch where the TD resides The adjoining option list displays all valid branch codes maintained in the system You can select the appropriate one Customer Identification The customer identification CIF of the customer for whom TD needs to be renewed or redeemed is displayed based on the TD account number Term Deposit Account Number Specify the TD Account Number You can also choose the appropriate one from the option list The option list displays the deposit type of accounts maintained in the system The option list does not display auto deposit type of accounts Account Currency The TD currency is displayed here based on the TD account number Account Description A description of the TD is displayed here based on the TD account number
43. deposit etc This report is generated monthly at EOFI You can invoke TD Statement of Accounts Report screen by typing TDRSOACC in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button LBL_TDRSOACC Branch Code Report Format PDF Printer At Client Report Output Print Printer Branch Code Specify the branch code The system will generate the interest paid report for the branch code that you have selected On failure to specify the branch code the system generates the report for the accounts of all branches 10 11 ORACLE 10 7 1 Contents of the Report The parameters specified while generating the report are printed at the beginning of the report The contents of the report are discussed under the following heads Header of the report The header of the report contains the following information Field Name Field Description Branch Current Branch Code and branch Name Branch Date Current Branch Date Run Date amp Time Current Run Date and Time User ID Operator generating the Report Module Module of the Report Page No Page No of the Report Body of the Report The report will have the following elements Field Name Field Description Customer No This indicates the customer number Customer Name This indicates the name of the Customer Address This indicates the address
44. deposit if there is no block duration defined The block duration before maturity date Days Months should not be greater than the max tenor at the account class Months Specify the number of months for which the term deposit top up has to be blocked before the account maturity date Days Specify the number of months for which the term deposit top up has to be blocked before the account maturity date Note The sum of block duration after opening date and block duration before maturity date should not be greater than the max tenor at account class If not system displays the error message Block duration cannot be greater than maximum tenor allowed Interest Rate Select the interest to be applied on the top up deposit from the adjoining drop down list The options available for selection are e Current Select this option to apply the current interest rate of the TD on the top up amount By default this option is selected e As on opening date Select this option to apply the interest rate based on the slab as on the value date of deposit opening If top up is made to a deposit after rollover the rate as on rollover date will be considered for rate pick up e As on top up value date Select this option to apply the interest rate based on the slab as on the value date of the top up Note For Rate Chart allowed TDs you can select any of the above options in the drop down list For IC Rate code TDs yo
45. deposit is displayed here Number of Certificates for the Deposit Total of Units field If you do not use the Populate button these fields will get displayed on click of Generate or Print button whichever is clicked first Click Generate button to generate the certificates and click Print button to print the certificates Certificate Re denomination During the life cycle of a deposit a customer can surrender some or all of the certificates to issue new certificates with new denominations You can unlock the existing account using the STDCUSTD screen At the Denominated Deposit sub screen the Certificate Status Query Modification grid you can change the status of the existing certificate to Modified The status can be changed for a single certificate or for bulk certificates by selecting the certificates required to change status and there by selecting the bulk status change field as Modified On click of Populate button the following actions will take place e The Denomination Allocation Pending Amount is displayed as the total amount of the modified certificates e The denomination allocation details grid displays only the denomination and the corresponding units currently available for the account l e the Modified denominations are removed from the list You can input the required denomination by adding new rows only if the existing certificate status is
46. deposit is not considered as an month end maturing deposit even though the deposit is opened on the last working day of the month and the tenor of the deposit is across months During TD opening a deposit is considered as a month end maturing deposit only if the following criteria are met e The start date of the deposit is the last working day of the month e The tenor of the deposit is across months e The Month end Maturity Deposit box should be checked An account class with Month end Maturity Deposit box checked can also have deposits that are not month end maturing deposits A deposit is classified as an ordinary deposits not month end maturing deposit if the following criteria are met e The deposit is not opening on the last working day of the month e The tenor of the deposit is across months but not month end maturing e The deposit is opened on the last working day of the month but the tenor is in Months and Days Note For month end maturing deposits holiday movement and movement across months is not applicable During rollover the deposit maturity date will be the last day of the month and if it is a holiday as per the applicable holiday calendar then the maturity date movement is not applicable for month end maturing deposits Grace Period for Renewal Specify the grace period for renewing a TD Only if grace days are provided the TD can be renewed using the Term Deposit Redemption scree
47. deposits TDs created through Structured deposits and Denominated deposits The interest statement deposit advices deposit certificate ICCOD ICCOD_SIM TDMM advice Input slip advice TD_ROLL statement for the deposit account will have the advice Tags _INTCUM and BASEAMT_ Ifthe Interest Rate Based on Cumulative Amount box is checked for the deposit then the advice tag _INTCUM will have value Y and this tag provides the option to display statements similar to Interest rate for the deposit arrived using the cumulative amount of deposits available for the customer Also the advice tag BASEAMT will have the value Y and display the value of Base Amount for arriving at the interest Rate oa ORACLE 4 TD Account Creating a Deposit Account You can create a term deposit account using the Deposit Account Booking screen To invoke this screen type STDCUSTD in the field at the top right corner of the Application tool bar and click the adjoining arrow button Select the New button on the Application toolbar Pay in Option rriuratve LBL PRINCIPAL AMT Computed Amount Mode of Operation Pay In Details aora MI Term Deposit Pay In Option Percentage i onset Account neque Instrument No a Term Deposit Payout Details FET Payout Type Percentage Move tunas on Qveraran Deraurt rom Account Track Receivable Replicate Customer Sianature Interm
48. discounted product Separate rule definition is needed for discounted deposits 8 23 ORACLE 8 6 5 1 8 6 5 2 8 6 5 3 DEBK Book Accounting Entries Accounting Role Amount Tag Dr Cr Indicator TDACCOUNT TD PRINC Credit TDOFFSET TD PRINC Debit TDO1 BOOK 1 TD INT Credit INTPIA TD INT Debit TDO1 BOOK 3 TAX Debit TDO1 TPBL 3 TAX Credit IACR Interest Accrual Accounting Entries Accounting Role Amount Tag Dr Cr Indicator TDO1 ACR ADJ 1 IACR ADJ Credit TDO1 PNL_ADJ 1 IACR ADJ Debit TDO1 ACCR 1 IACR Credit TDO1 PNL 1 IACR Debit ILIQ Interest Liquidation Accounting Entries Accounting Role Amount Tag Dr Cr Indicator TDO1 BOOK 1 ILIQ ADJ Debit TDO1 ACCR 1 ILIQ ADJ Credit TDO1 BOOK 2 ILIQ Debit TDO1 PNL 2 ILIQ Credit 8 24 ORACLE 8 6 5 4 IMAT Interest Maturity Accounting Entries Accounting Role Amount Tag Dr Cr Indicator INT LIQD IMAT Debit INT BOOK IMAT Credit PRINC LIQD PMAT Debit PRINC BOOK PMAT Credit 8 6 5 5 ROLL Discounted Deposit Rollover Accounting Entries Accounting Role Amount Tag Dr Cr Indicator TDO1 BOOK 1 TD INT Credit INTPIA TD INT Debit TDO1 BOOK 3 TAX Debit TDO1 TPBL 3 TAX Credit 8 25 ORACLE 9 Annexure B IC Rule Set up 9 1 Introduction This Annexure lists the Interest and Charge IC rules that ne
49. if any elapses This means that the Charge Start Date is arrived at by the System by adding the Free Banking Period days if any specified for the Term Deposit used by the account to the Account Opening Date If no Free Period has been indicated for the account class used by the account the Charge Start Date is defaulted to the Account Opening Date that is charges on the account would be applied right from the account opening date and displayed in the Special Conditions Maintenance screen You can override the default Charge Start Date and specify the desired start date for charge application Interest Booking Branch By default the customer s account in the current branch will be displayed in this screen in the Interest Charge Booking Account and Interest Charge Booking Branch fields However you have the option of booking interest charge to a different account belonging to another branch also You can select the Interest Charge Booking Branch from the option list available The accounts maintained in the selected Booking Branch will be available in the option list 9 ORACLE provided for Interest Charge Booking Account You can select the account from this list Interest Charge will be liquidated into the selected account Dr Cr Advices You can indicate whether you want to generate an interest liquidation advice for a customer account Check this box to indicate that the system must generate payment advices when interest liquidat
50. indicated for the account class used by the account the Charge Start Date is defaulted to the Account Opening Date that is charges on the account would be applied right from the account opening date and displayed in the Special Conditions Maintenance screen You can override the default Charge Start Date and specify the desired start date for charge application Interest Booking Branch By default the customer s account in the current branch will be displayed in this screen in the Interest Charge Booking Account and Interest Charge Booking Branch fields However you have the option of booking interest charge to a different account belonging to another branch also You can select the Interest Charge Booking Branch from the option list available The accounts maintained in the selected Booking Branch will be available in the option list provided for Interest Charge Booking Account You can select the account from this list Interest Charge will be liquidated into the selected account Charge Booking Branch By default the customer s account in the current branch will be displayed in this screen in the Interest Charge Booking Account and Interest Charge Booking Branch fields However you have the option of booking interest charge to a different account belonging to another branch oat ORACLE also You can select the Interest Charge Booking Branch from the option list available The accounts maintained in the selected Booking Branc
51. is validated against the top up units specified for each Ccy at account class The top up amount is validated against the top up units specified for each Ccy at account class If top up is not in multiples of top up units system displays the following error message Top Up amount should be given in the Multiples of for Top Up units The rate pick up happens on top up based on the interest rate option defined for top up at account class The rate will be applicable from the value date of top up The funding of top up amount can be through multiple modes such as Account GL and cash and its combination You can top up a TD using the Top up of Term Deposit screen You can invoke this screen by typing STDTDTOP in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button a ORACLE Top Up of Term Deposit e H save Branch 000 Term Deposit Account zz 5 Currency Nimier Top Up Reference Number Account Description Customer No Customer Name Account Open Date P Days Term Deposit Ano op up Month ri Maturitv Date Maturitv Amount Top up of Term Deposit Top Up Amount Value Date EA Term Deposit Amount After Interest Rate After Top up Top up Narrative 5 Maturitv Amount After Top up Top Up Pavin Details 10f1 Go MI Funding Option Percentage Amount OffsetAccount Offset Branch rmm l a gt Maker Date Time Checke
52. list You can select the appropriate one The TD will be created in the term deposit currency specified here SD User Reference The system displays the SD user reference for the TD This is the SD user reference number of the TD created out of structured deposit Account Class Specify the account class to which the particular account belongs You can select the appropriate account class from the option list that displays all deposit type of account classes maintained in the system Account classes that have surpassed their end date expired will not be displayed in the option list If the start date of the selected account is a future date then on clicking Populate button the system will display an error message indicating that the account class was not available yet Pav In Option Pav in Bv Select the pav in option from the adjoining drop down list This list displays the following values e Cheque e Others If you want to create TD through cheque you must specify the pay in option as Cheque If the pay in option Cheque is selected you need to pay the total TD amount only by cheque During account class default the account opening dates would be updated as expected value date of the cheque transaction based on the float days maintained at ARC maintenance level Note Note the following Ifthe pay in option once selected from the main tab cannot be changed after account class defaults Pay
53. of the certificate Redemption of the Redeemed deposit partial or full Rollover of the Cancelled Rollover Issue deposit In ICDBADHC screen on trying to issue new certificate with Rollover Issu ance as Y then the status of the old certifi cate will get changed as Cancelled Else the previous status only will be retained Certificate lost Lost Damaged Duplicate 5 45 ORACLE Current Status of the existing Status of the new certificate Modified by mistake Issue Duplicate Re denominated Certificate Action certificate after the aa certificate Status action Duplicate Amount Block to Amount Blocked the deposit Re denomination Modified Re denominated of the certificate Redemption of the Redeemed deposit partial or full Rollover of the Cancelled Rollover Issue deposit xx In ICDBADHC screen on trying to issue new certificate with Rollover Issu ance as V then the status of the old certifi cate will get changed as Cancelled Else the previous status only will be retained Certificate lost Lost Damaged Duplicate Amount Removal ofamount Issued Rollover Blocked block to the deposit Issue Duplicate Re denominated Lost Dam User marked the Issued Rollover aged certificate Lost Issue Duplicate Re Damaged by mis denominated take Modified User marked the Issued Rollover The following t
54. of the certificate selected Certificate Amount This indicates the amount of the certificate Block Check this box to block a certificate Viewing TD Summary You can view a summary of all term deposit accounts in the system using the Deposit Account Summary screen To invoke this screen type STSCUSTD in the field at the top right corner of the Application tool bar and click the adjoining arrow button Deposit Account Summary A Authorization Status Record Status Branch Code ai Term Deposit Account a Customer Number ai Number ien Stock Catalog Code sil Term Deposit Currencv ai Certificate Number ai Advanced Search Records per page 15 v 1 Of 1 Authorization Status Record Status Branch Code Term Deposit Account Number Account Description Customer m mi r You can query on records based on any one or all of the following criteria e Authorization Status 9 80 ORACLE e Record Status e Branch Code e Term Deposit Account Number e Customer Number e Term Deposit Currency e Stock Catalog Code e Certificate Number Click Search button The system identifies all records satisfying the specified criteria and displays the following details for each one of them e Authorization Status e Branch Code e Term Deposit Account Number e Description e Customer No e Term Deposit Currency Double click on a record to invoke
55. on any one or all of the following criteria e Branch Code e Account e Currency Code e Run Date Click Search button The system identifies all records satisfying the specified criteria and displays the following details for each one of them e Branch Code e Account e Currency Code e Event e Tenor e Amount e Run Date e Execution Status e Error Reason e Deposit Number e Maturity Date 6 13 Simulating TD Oracle FLEXCUBE allows you to simulate a TD account in order to enhance sales and services to new and existing customers You can also provide the customer a certificate with all the details of account This certificate is generated with a pre printed number 6 38 ORACLE You can simulate an account for a customer using the Customer Accounts Simulation screen The details of a account can be entered in this screen and a printed certificate of the account can be obtained by using this screen To invoke this screen type STDSCSAC in the field at the top right corner of the Application tool bar and click the adjoining arrow button Term Deposit Simulation E New Enter Query Branch Account Currency Account Number Account Class Customer Description Customer Name Status FirstNominees Document Number Second Nominees Account Open Date Media Type Single Clearing Bank Code Joint Clearing Account Number Alternate Account Number In this screen you ca
56. returned if GL is selected If the pay in mode is GL then the system will display only GLs and if the pay in mode is account then only accounts will be displayed in the option list Recurring Deposit Specify the following details ons ORACLE Auto Payment Take Down Check this field to allow the recurring deposit account to debit the payment account for the payment amount as per the installment frequency Move Maturities to Unclaimed Check this field to move all the funds on the maturity date to the unclaimed GL mapped to the accounting role in the IC product Payment Branch Specify the details for the branch to which the payment account belongs Payment Account Specify the Payment Account this can be either savings account or the current account from which the installment for the Recurring Deposit is collected as per the installment frequency Installment Amount Specify the installment amount that has to be collected from the payment account as per the installment frequency This installment amount should be greater than the minimum amount mentioned at the account class Recurring Deposit Account Check this field to indicate recurring deposit account Payment Date Specify the date on which the payment needs to be done for recurring deposit account Payment Currency Specify currency of the payment amount Note Note the following The system enables the offset account and branch detail fields only if the op
57. right corner of the Application tool bar and clicking the adjoining arrow button Term Deposit Maturity Date Changed due to Adhoc Change in Holiday Calendar a Branch Code Customer F di Branch Description Customer Name li i F di li Deposit Account Number E To Date im From Date EA ReportFormat PDF v PrinterAt Client v Report Output Print Printer az nc Specify the following details here From Date Specify the date from which the report for TD account maturity date change should be generated By default system displays the current Application date To Date Specify the date till which the report for TD account maturity date change should be generated By default system displays the current Application date Branch Code Specify the branch code of the TD account The adjoining option list displays all valid TD branch codes maintained in the system You can choose the appropriate one Deposit Account Number Specify the account number of the term deposit The adjoining option list displays tall valid deposit account numbers maintained in the system You can choose the appropriate one Customer Specify the customer number here The adjoining option list displays all the valid customer numbers maintained in the system You can choose the appropriate one Report Format Select the format in which you want to report to be generated from the options provided in the drop down list This list dis
58. same is generated in the pre determined SWIFT format as per MT 935 If the advice format is maintained in MAIL FAX formats then message type UDECA will be used The advice tag used for interest rate change is RTCHG ADVICE The advice format for interest rate change as per MT935 is given below Status Tag Field Name die No M 20 Transaction Reference Number 16x 1 O 23 Further Identification 16x 2 O 25 Account Identification 35x 3 M 30 Effective Date of New Rate 6 n 4 M 37H New Interest Rate 1la12d 5 O 72 Sender to Receiver Information 6 35x 6 M Mandatory O Optional Open You can temporarily stop applying an IC product on a TD by un checking this box The product will cease to be applied on the term deposit You can make the product applicable again by checking this box Effective Date Indicate the following details Effective Date The Effective Date of a record is the date from which a record takes effect You can maintain different values for a UDE for different effective dates for an account When interest is calculated on a particular day for an account with special conditions applicable the value of the UDE corresponding to the date will be picked up Typically you would want to open records with different Effective Dates if the values of UDEs vary within the same liquidation period Open Typically you would want to open records with differen
59. select it from the option list provided The adjoining option list displays all the configured printers This is applicable only if you have specified the output as Print Click the Ok button to generate the report Click Exit to return to the Reports Browser Contents of the Report The parameters specified while generating the report are printed at the beginning of the report The report contains the following details Header The following details are displayed in the header section Field Name Field Description Customer Number Customer for whom the TD is opened Branch Code Current Branch Code Account Number TD Account number for which top up is made Report from Date The start date for generating the Report Report to Date The end date for generating the Report Body of the Report The following details are displayed as body of the generated report Field Name Field Description Deposit Account Number Indicates the TD Deposit account number Account Description Indicates the description of the TD Deposit account Customer Number Indicates the customer number Account Open Date Indicates the account opening date Top up Date Indicates the top up date of the account Top up Value Date Indicates the value date of the TD top up Top up Amount Indicates the account opening date Total Deposit Amount Indicates the total deposit amount Interest Rate Indic
60. selecting this option Close on Maturity Check this box to close the term deposit account on maturity date and transfer the amount as per the pay out details maintained for the TD Move Interest to Unclaimed Check this field to move the interest amount to the unclaimed GL mapped at the IC product in the accounting role INT UNCLAIMED on grace period end date If you select this option you will need to check the box Move Principal to Unclaimed Move Principal to Unclaimed PSR RAARO AE ER BIRRA AI REER EEMS AIS meu Indicate the components that should be rolled over by choosing one of the following options e Principal If you select this option then the system will roll over the principal amount alone on EOD of TD maturity date or BOD after end of the grace period If interest booking account is given as TD account then on maturity date the interest amount will be first liquidated to the TD account and then settled as per the pay out details maintained for the TD account e Principal Interest For you to choose this option the interest booking account has to be the TD account If you select this option then the system will roll over the principal and interest amount on EOD of TD maturity date or BOD after end of the grace period e Special Amount If you choose this option the system will roll over the amount specified in Rollover Amount field irrespective of what the interest booking account is Upon maturity of
61. system considers the current deposit balance of all the deposits along with the new deposit amount TD accounts opened after the interest start date will not be considered for arriving at the cumulation amount For backdated deposit opening all the active deposits as of the current system date are considered to arrive at the cumulative amount if the Interest Rate Based on Cumulative Amount box is checked The interest rate derived is applied only to the new deposit to be opened and there will be no changes done to the deposits which are used for arriving at the interest rate Refer the section Calculating Interest Rate Based on Base Amount in this User Manual for details about arriving at interest rate based on cumulative amount Continue Variance on Rollover The system defaults it based on the flag availability in the TD account level However you can modify this flag Check this box to enable continued variance on rollover If you check this then the system will default account variance as current value to the rollover deposit for the next cycle If you do not check this then the account variance will not be carried forward to next rollover cycle Term Deposit Redemption Pay Out Details Specify the following details for TD payout Pay Out Type Select the pay out type from the drop down list The options available are e Account e General Ledger e Banks Check e Payments e Term Deposit e Dem
62. the TD currency You cannot modify it Payable Branch Specify the payable branch for the cheque The adjoining option list displays all branch codes linked to the specified bank code You can select the appropriate one Instrument Type Instrument type of the TD will be defaulted here based on the payout type value selected in the main screen if you have selected Payout Type as Demand Draft or Bankers Cheque i ORACLE 5 11 3 Beneficiary Details Specify the following details Beneficiary Name Specify the name of the beneficiary for the pay out Passport IC Number Specify the passport number or identification card number of the beneficiary for the pay out Narrative Specify the description for the pay out Beneficiary Address Specify the address of the beneficiary for the pay out Specifying PC Details Click PC tab to capture pay out details if you have opted for TD pay out through PC transfer to another account Term Deposit Payout Details Branch Currency Account Term deposit Bankers Cheque Demand Draft Counterparty Counterparty Bank Code Counterparty Account Currency Beneficiary Details Beneficiary Address Beneficiary Name PassporviC Number Narrative Interest The following details are captured here Counterparty Specify the following details Counterparty Bank Code Specify the bank code of the counter party for the pay out Counterparty Account S
63. the cumulation amount The interest rate based on cumulative amount is applicable if Interest Rate Based on Cumulative Amount at the account class is selected The settlement account for the interest cannot be the same TD account Maintaini ng Amount Blocks Oracle FLEXCUBE allows you to facilitate creation of manual amount blocks and closure of the same for TD accounts You can maintain the amount blocks using Amount Block Input oat ORACLE screen To invoke this screen type STDAMBLE in the field at the top right corner of the Application tool bar and click the adjoining arrow button TD Amount Block Input E New amp Enter Query TD Account Block Details Account Account Description Amount Block Number Currency Amount Effective Date Expiry Date Remarks Amount Block Type FLEXCUBE X Reference No Hold Code Hold Description LBL_DEN_CERT_DETAILS TILBL SELECT ALL 10f1 7 Certificate Number LBL CERTIFICATE STATUS LBL CERTIFICATE AMOUNT LBL BLOCK OR REDEM LBL ISSUED oO Maker Date Time Checker Date Time Mod No Record Status Authorization Status You can specify the following details Account Specify the TD account that needs to be blocked The adjoining option list displays all active open and authorized TD accounts that are available for blocking Account Description The system displays the description of the specified acc
64. the detailed screen 5 18 Specifying Deposit Instructions You can give instructions for processing auto created deposits The values you specify here will override the parameters you have maintained in the Account Class maintenance Invoke the Term Deposits Instruction Maintenance screen from the Application Browser to maintain the deposits instructions specifically for the auto created deposits Type ICDINSMT in the field at the top right corner of the Application tool bar and click the adjoining arrow button Term Deposits Instruction Maintenance Account Number Branch Code Account Class Sequence Number Customer Account Currency Code Sweep Branch Deposit Account Class Sweep To Account Deposit Currency Amount Years Minimum Required Balance Months Source Code Days External Reference Number Sweep Multiple Of Retry Till Date Start Date Maker Date Time Checker Date Time Mod No Record Status Authorization Status You can set the terms and a condition for a deposit as follows Fal ORACLE Account Number Specify the account number of the term deposit The adjoining option list displays all valid TD accounts maintained in the system You can select the appropriate one Account Class The system defaults account class of the CASA account Customer The system defaults the customer of the CASA account Sweep Branch Specify the branch
65. the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button TD Account Renewed Report From Date To Date Branch Code Account Class Customer ReportFormat PDF Printer At Client Report Output Print Printer Specify the following details here From Date Enter the TD accounts which are renewed from this date However by default the system displays the current application date To Date Enter the TD accounts which are renewed till this date However by default the system displays the current application date Branch Code Specify the branch code of the TD account The adjoining option list displays the list of all the valid TD RD branch codes maintained in the system You can choose the appropriate one Account Class Specify the account class of TD account The adjoining option list displays the list of all the valid TD RD account classes maintained in the system You can choose the appropriate one Customer Specify the customer number of the customer The adjoining option list displays the list of all the valid customer numbers maintained in the system You can choose the appropriate one Click OK button to generate the report Click Exit to return to the Reports Browser 10719 ORACLE 10 11 1 Contents of the Report The parameters specified while generating the report are printed at the beginning of the report The contents of the report are discussed und
66. the rolled over TD the system will roll over with the same amount special amount and settle the interest amount as per TD pay out details maintained e Interest For you to choose this option the interest booking account has to be the TD account If you select this option then the system will roll over the interest amount on EOD of TD maturity date or BOD after end of the grace period The principal will be settled as per the pay out details maintained Rollover Amount If a special amount is to be rolled over you have to specify the amount less than the original deposit amount Term Deposit Payout Details Specify the following details in order to allow automatic pay out Pay Out Type Select the pay out mode from the drop down list The options available are e Bankers Cheque BC e Transfer to Other bank PC e Transfer to GL GL p ar ORACLE 6 4 7 1 e Transfer to Savings Account AC Note Note the following This option will be available only when account number generation is Auto For Dual Currency Deposits you are allowed to select only GL and Savings Ac count options as the pay out mode You can either select GL or Savings Account but not both You can select only one GL or one Savings account and not multiple GLs or accounts in either case Percentage Specify the amount of redemption in percentage Offset Branch Specify the branch code of the account for redempti
67. the system detects insufficient funds in the account during liquidation In other words the system will track the account for receivables credits As and when a credit happens the funds will be allocated to the loan or the retail teller contract for liquidation Replicate Customer Signature Check this box to indicate that customer signature should be replicated to the account Auto Deposit A TD can also be automatically created from a savings account if the balance in the savings account exceeds a predefined limit You can capture the following details of such a TD Ha ORACLE Sweep Type The system indicates the type of sweep based on which the TD was created It can be any one of the following e 1 This indicates No sweeps e 1 This indicates Default from account class e 0 This indicates that deposit is instructed Master Account No The system displays the account number of the savings account from which this auto deposit was created Maturity Date The system defaults the maturity date from the default tenor from the account class However you can modify this date On this date the term deposit account gets liquidated Auto Rollover Check this box to automatically rollover the deposit you are maintaining You have to indicate Rollover Type on selecting this option The TD will be rolled over automatically on maturity date during beginning of day operations Close on Maturity Check this box
68. this you can enter the rollover tenor in terms of days months and years The default value of the independent tenor will be null Years This indicates the number of years in the rollover tenor Months This indicates the number of months in the rollover tenor Days This indicates the number of days in the rollover tenor The tenor should be specified within the minimum and maximum tenor limits maintained at the account class level The tenor months cannot be greater than 11 months and if tenor months is specified the tenor days cannot be greater than 30 days The tenor is represented in terms of years months and days For example if the deposit tenor is 185 days it should be represented as 0 years 6 months and 5 days You need to specify the values in the appropriate fields Maturity Date The system defaults the maturity date from the default tenor from the account class However you can modify this date On this date the term deposit account gets Auto Rollover Check this field to automatically rollover the deposit you are maintaining You have to indicate Rollover Type on selecting this option aap ORACLE Close on Maturity Check this box to close the term deposit account on maturity date and transfer the amount as per the pay out details maintained for the child TD Move Interest to Unclaimed Check this box to move the interest amount to the unclaimed GL mapped at the IC product in the accounting roles on gra
69. to close the term deposit account on maturity date and transfer the amount as per the TD pay out details Note that for a recurring deposit you need to mandatorily check this box For a TD only one of the options Close on Maturity Auto Rollover or Move Interest amp Principal to Unclaimed can be checked Move Interest to Unclaimed Check this box to move the interest amount to the unclaimed GL mapped at the IC product in the accounting roles on grace period end date If you select this option you will have to check the box Move Principal to Unclaimed Move Principal to Unclaimed Check this box to move the principal amount to the unclaimed GL mapped at the IC product in the accounting roles and liquidate the interest amount to the interest booking account on grace period end date If you have checked the option Move Interest to Unclaimed it is mandatory to check Move Principal to Unclaimed If both options are checked on the maturity date or at the end of grace days the system will close the TD and move the proceeds to the unclaimed GL maintained at IC product If you check the option Move Principal to Unclaimed alone the system will display an error If Move Interest to Unclaimed is checked Move Principal to Unclaimed should also be checked if you check both the boxes payout instruction is not allowed Note If both principal and interest have to be moved to unclaimed then interest booking account sh
70. valid currency code for which the denomination ids are maintained in inventory module If inventory module is not allowed then select any valid currency code maintained in the system Denomination ID If inventory tracking is YES then select the denomination id available at the inventory module If inventory tracking is NO then you can specify the required denomination id Denomination Description Enter a description if inventory tracking is not available If inventory tracking is done then the denomination description of the selected denomination id is defaulted here Denomination Value Specify a denomination value if inventory tracking is not available If inventory tracking is done then the denomination value of the selected denomination id is defaulted here For further de tails about setting up an account class refer the chapter Maintaining Mandatory Information in the Core Entity User Manual Setting Up Interest Preferences for TD You need to set up an Interest Charge product to handle the calculation of interest and charges on a TD You can invoke the Interest and Charges Product Maintenance screen by 3 21 ORACLE typing ICDPRMNT in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button interest amp Charges Product Maintenance Fi New amp Enter Query Product Code Product Description Deposit Include For TDS Calc ia Product Type
71. where the sweep to account resides The adjoining option list displays all valid branch codes maintained in the system You can select the appropriate one Sweep to Account Specify the account to which the sweep is carried out The adjoining option list displays all valid accounts maintained in the sweep to branch You can select the appropriate one Amount Specify the amount which to be swept to Sweep To Account Minimum Required Balance Specify the minimum balance required for creation of auto deposit Only the amount above this limit will be used for auto creating deposits Source Code Specify a code assigned for the sweep External Reference Number The system displays the identification number of the transaction in the source system Branch Code The system displays the branch code of the branch where the TD account resides Sequence Number The system generates a sequence number for the instruction you are maintaining and displays it here Account Currency Code The system defaults the CASA account currency Deposit Account Class The system defaults the Default Auto deposit account class specified in CASA account class However you can modify if needed The adjoining option list displays all active authorized and allowed list of auto deposit account classes specified in CASA account class Select the appropriate one Deposit Currency Specify the currency in which the auto deposit should be created The adjoining op
72. will be generated for all closed deposit accounts Click OK button to generate the report For the selected branch currency wise deposit amount and number of deposits for the previous month and current month will be displayed along with the cost Process Date Select the date for processing the report from the adjoining calendar button The open or close TD accounts till the process date is displayed If the process date is not specified then the open or closed TD accounts till current system date are shown Click Exit to return to the Reports Browser Contents of the Report The parameters specified while generating the report are printed at the beginning of the report The contents of the report are discussed under the following heads Header of the report The header of the report contains the following information Field Name Field Description 1 ORACLE Branch Current Branch Code and branch Name Branch Date Current Branch Date Run Date amp Time Current Run Date and Time User ID Operator generating the Report Module Module of the Report Page No Page No of the Report Body of the report The following detail block elements are displayed in the report Field Name Field Description Account Class This indicates the account class code Class Name This indicates the class name Currency This indicates the currency of transactio
73. you can redeem the complete deposit balance of the account On save the redemption amount will be equal to the account balance Full redemption will update the status of the deposit account as closed On complete redemption interest along with principal is redeemed The redemption amount is equal to the total of principal and interest amounts subtracted by penalty and tax amounts e Partial Redemption In this case you have to specify the redemption amount Ensure that that the redemption amount is less than the account balance On partial redemption only the principal amount is withdrawn where as the interest amount for the partially redeemed amount is liquidated to the interest booking account This is allowed only if Allow Partial Liquidation check box is checked at Account Class Maintenance level During partial redemption if amount blocks of type discounted exist the system throws an override stating Amount Blocks exist for the Discounted Deposit Account In case of partial redemption the amount block on the TD account will be updated to the extent of the credited discounted interest Onaccepting the override the system will close the amount blocks and process the redemption The amount blocks can also be closed manually However in the case of a full redemption the system will close any existing amount Blocks of type dis counted and process the redemption Redemption Amount Specify the redemption amoun
74. 19 ORACLE These rates are picked up by the TD module while processing interest applicable on a TD account Refer the chapter Floating Rate Codes for IC Module for details about rate maintenance 920 ORACLE 10 1 10 2 10 Reports Introduction The following are the reports that you can generate in TD module Customers Fixed Deposit Report TD Full Balance Listing Report Large FD Report Deposit Detail Summary by Total Amount Report Interest Paid Report TD Statement of Accounts Report TD Account Class Summary Report Term Deposits Opened for the period Report Term Deposits Closed for the period Report Term Deposits Renewed for the period Report Term Deposits Maturity Report Term Deposit Account Maturity Date Change Report Term Deposit Account Maturity Date Falling on a Holiday Report Term Deposit Account Maturity Date not adjusted Report Term Deposits Topped Up During the Period Report Customer wise Tax Deduction Report Unclaimed Deposits Transferred Report Ad Hoc Combined Statement To generate any of these reports choose Reports in the Application Browser Choose TD under it A list of all the reports in TD module will be displayed You can choose to view or print the report The time and the operator who generated the report will be displayed Customers Fixed Deposit Report This report lists out all time deposit accounts for a given customer This report also provides additional information o
75. 2 2 1 2 Term Deposits An Overview Introduction A Term Deposit TD also known as fixed deposit is a deposit that is held at a financial institution for a fixed term A fixed deposit account allows customers to deposit money for a set period of time thereby earning a higher rate of interest in return These are of varying maturities ranging anywhere from a day or a month to a few years When a term deposit is placed the lender the customer understands that the money can only be withdrawn after the term has ended and in case of premature withdrawal the financial institution can levy a penalty In some cases the customer may be required to give notice of withdrawal of term deposit in that case termed as notice deposits When the term is over the deposit can be withdrawn or it can be held for another term partly or fully Generally speaking the longer the term the better is the yield on the money Some banks put conditions like minimum amount of deposit and in multiples of specific units of amount For e g the minimum deposit amount is Euro 100 and deposits can be made in multiples of Euro 10 Banks may allow full or partial withdrawal of amount Customers can place TD as collateral while availing loan facility or while availing Letters of Credit Guarantee facility from the bank Recurring Deposit RD is an account where the lender customer deposits a fixed amount of money every month for a fixed tenure generally ran
76. 28 ORACLE 10 15 1 e View Select this option if you wish to view the contents of the report e Spool Select this option if you wish to spool the report for further use Printer At Select the location where you want the report to be generated from the options provided in the adjoining drop down list This list displays the following values e Client e Server Printer Specify the name of the printer or select it from the option list provided The adjoining option list displays all the configured printers This is applicable only if you have specified the output as Print Click the Ok button to generate the report Click Exit to return to the Reports Browser Contents of the Report The parameters specified while generating the report are printed at the beginning of the report The contents of the report are discussed under the following heads Header of the report The header of the generated report will have the following information Field Name Field Description Branch Current Branch Code and branch Name Branch Date Current Branch Date User ID Operator generating the Report Report From Date Date from which the report is generated Report To Date Date till which the report is generated Body of the report The generated report will have the following information Field Name Field Description Customer ID This indicates the customer ID Customer Name This indicates th
77. 7 2 2 Specifying UDF VIUS orr iieii TOEO RAEE E E OAE TAE 7 3 7 3 Viewing Payment Summary LEE nnn na nn HHEnnA Han AEEMAMEAKEAEEEEMEENEEEEEEEEtT 7 4 TA Reversing Payment 1513 li da e a eiae iiae aaa a ied aeea aaa 7 5 8 Annexure A Accounting Entries ssssseennnnnnnnnnnnnnnnnnnnnzznnzzzzznzzzzzz 8 1 8 1 Accounting Entries and Advices for TD nn nnnan nn nn nanna 8 1 Ga EVOM Iii i e a areas 8 1 8 3 Amount TAGS si i ei id im a a 8 1 3 4 ACCOUNTING ROIES iii raa i aj a eI REEE 8 2 8 5 TD AQVI OS ai a a edd EAEAN AT ele ad di AEAEE ETNE ERE AEA 8 4 8 91 TO Fop Up AQVICES i tanh BA a dais tobias ata 8 4 8 5 2 The advice TD_TOPUP is generated on authorization of top up TD Maturity Date Change Advices 8 5 10 8 5 3 Redemption Advices 8 5 8 54 Rollover AdVICES is iesbisi besbia ibu a a sabu abd chee a a aE 8 7 B 0 97 ED AQVICOS isa tin pis sk a B ins Ta di Saba idoli da 8 8 8 5 6 TD Renewal Simulation Advice 8 11 8 5 7 TD Top Up Simulation Advice ccccccccceceeeeceecneeceeeeteeeeeeeeeteeesensnsasees 8 12 8 5 8 TD Redemption Simulation Advice 8 14 8 6 Event wise Accounting Entries for Products sse neennnnnnzznnnnnznnzznnna 8 17 8 6 1 TD with Capitalization ennn 8 17 8 6 2 Normal TD with Simple Interest 8 19 8 6 3 TD with Rate Chart Allowed sen 8 20 8 6 4 Recurring Deposit Scheme nn nnan rna na 8 22 8 6 5 Discounted Deposits nanna 8 23 Annexure B IC Rule Set up aiscscccsc
78. Branch Code RD Account Number Payment Branch Code Payment Currency You can query on records based on any one or all of the following criteria e Authorization Status e Record Status e Branch Code e RD Account Number e Payment Branch Code e Payment Currency e Product Code e Transaction Date Click Search button The system identifies all records satisfying the specified criteria and displays the following details for each one of them e Authorization Status e Record Status e Branch Code e RD Account Number e Payment Branch Code e Payment Currency e Product Code e Transaction Date Ta ORACLE 7 4 Double click on a record to invoke the detailed screen for that record Reversing Payment You can reverse the payments made to the RD account rather the installment amounts to the recurring deposit account Invoke the Recurring Deposit Payments Reversal screen from the application browser You can also invoke this screen by typing ICDRDREV in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button Recurring Deposit Payments Reversal E3 Enter query Branch Code RD Account Number Transaction Date Authorization Status Contract Status Here you can capture the following details Branch Code Specify the code assigned to the branch in which the payment is to be made You can also choose the branch code from the adjoining opt
79. Charge Start Date L Interest Rate Based on Cumulative Amount Dr Cr Advices Waive Generate UDE Change Advice Open LBL_CONTVARROLL UDE Values 10f1 User Data Elements Id Rate Code LBL_UDEVARIANCE TD Payout Details Here you can capture the following details Branch The system displays the branch code where the child TD resides Account Class The system displays the account class to which the TD belongs Account The system displays the child TD account number Customer No The customer identification CIF of the TD customer is displayed here 6 19 ORACLE 6 4 6 Interest Tab This tab is displayed by default You can specify the following details Calculation Account Specify the calculation amount of the child TD The adjoining option list displays all accounts maintained in the respective branch You can select the appropriate one Interest Start Date Indicate the date from which interest calculation should start using the adjoining calendar Interest Booking Account Specify the account to which interest should be booked You have an option of booking interest to a different account belonging to another branch The accounts maintained in the selected booking branch are available in the option list provided The system liquidates the interest into the selected account The interest booking account lists only CASA accounts and the T
80. Code Reference Rate Transaction MIS Codes Address 2 Cost Code Composite MIS Codes Address 3 ChangeLog TransferLog Specify the following details Branch Code The current logged in branch code is displayed here Account The TD account number is displayed here MIS Group For an account the transaction type of MIS class will be picked up from the account class Rate Code Specify the rate code You can also select the appropriate one from the adjoining option list which displays all valid rate codes maintained in the system Calc Method Specify the method to be considered for MIS related component computation Rate Type If you have indicated that rates maintained for the individual account should be picked up for MIS refinancing you have to specify the Rate Type that is to be used The options available are e Fixed e Floating Automatic indicating that the system should pick up the refinancing rate associated with the account Since the account number is linked to a Rate Code the oe ORACLE 5 6 1 system picks up the rate code associated with the account when the EOD processes are run to refresh the various rates Spread Specify the spread that should be applied if rate type is selected as floating type Pool Code Account Level Define the Pool Code Account Level to which the account class or product belongs Pool Code For an account the pool code will be picked up from the account c
81. D account nos which is to be created Interest Booking Branch Specify the interest booking branch The adjoining option list displays all valid branch codes available in the system You can select the appropriate one Interest Statement Check this box to generate an interest statement for the account The interest statement will furnish the values of the SDEs and UDEs and the interest rule that applies on the account Dr Cr Advices Check this box to generate payment advices when interest liquidation happens on an account The advices are generated in the existing SWIFT or and MAIL format No advices will be generated if you leave this box unchecked Charge Booking Branch Specify the charge booking branch The adjoining option list displays all valid branch codes available in the system You can select the appropriate one Charge Book Account Specify the account to which charge should be booked You have an option of booking charge to a different account belonging to another branch The accounts maintained in the selected booking branch are available in the option list provided The system liquidates the charge into the selected account Charge Start Date Indicate the date from which charge calculation should start using the adjoining calendar Continue Variance on Rollover The system defaults it based on the Interest and Charges product However you can modify this If this is modified during the save the system displays a prompt
82. DEs under this product e TDA e TD_PNL e TAX RATE Recurring Deposit Scheme You need to maintain values for the following UDEs under this product e TD_1 e OVERDUE_PENALTY e TAX RATE IC Rates Maintenance You can maintain rate codes for branches using the Interest amp Charges Branch Availability Maintenance screen ae ORACLE You can invoke this screen by typing ICDRATMA in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button IC Rate Code Branch Availability FiNew amp Enter Query Rate Code Branch Restrictions Allow Disallow Branch Specific Rates Branch Code Description ml hal Fields Input Bv Authorized By Modification Date Time Date Time Number IM Authorized L Open You need to maintain the following rate codes for all branches of your bank e FLOATRATE For the aforesaid rate code you need to maintain rates and effective dates in the Interest and Charges Rate Input screen You can invoke the Interest and Charges Rate Input screen by typing ICDRATMA in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button interest amp Charges Rate Input El New E enter Query Currency Code Branch Code Rate Code Rates 101 al Effective Date Rate Open Maker Date Time Checker Date Time Ea PAGA Mod No S Authorization Status 9
83. DRD are given below DEBK Book Accounting Entries Accounting Role Amount Tag Dr Cr Indicator TDACCOUNT TD PRINC Credit TDOFFSET TD PRINC Debit IACR Interest Accrual Accounting Entries Accounting Role Amount Tag Dr Cr Indicator TDRD ACR ADJ 1 IACR ADJ Credit TDRD PNL ADJ 1 IACR ADJ Debit TDRD ACCR 1 IACR Credit TDRD PNL 1 IACR Debit 8 22 ORACLE 8 6 4 3 8 6 4 4 8 6 5 ILIQ Interest Liquidation Accounting Entries Accounting Role Amount Tag Dr Cr Indicator TDRD BOOK 2 ILIQ Debit TDRD BOOK 1 IACQUIRED Credit TDRD ACQUIRED 1 IACQUIRED Debit TDRD PNL ADJ 2 IACQUIRED Credit TDRD BOOK 2 IACQUIRED Debit TDRD PNL 2 ILIQ Credit TDRD BOOK 3 TAX ADJ Debit TDRD TPBL 3 TAX Credit TDRD BOOK 3 TAX Debit TDRD BOOK 1 ILIQ Credit TDRD ACCR 1 ILIQ Debit TDRD TPBL ADJ 3 TAX ADJ Credit IMAT Interest Maturitv Accounting Entries Accounting Role Amount Tag Dr Cr Indicator INT LIQD IMAT Debit INT BOOK IMAT Credit PRINC LIQD PMAT Debit PRINC BOOK PMAT Credit Discounted Deposits You can set up event wise accounting entries and advices for the product as suggested below Sample accounting entries for IC Product with Rule ID TDO1 are given below The interest is paid upfront at the time of booking Note The IC rule defined for normal interest product should not be linked for
84. D_TOP_SIM will be used Advice Tag Description _BRANCH_ Code of the branch where Account is to be held ORACLE Advice Tag Description _ BRNAME _ Name of the branch where Account is to be held _ BRADDR1_ Branch address line 1 _ BRADDR2_ Branch address line 2 _ BRADDR3_ Branch address line 3 _ACLASS _ Account Class _ ACLASSNAME _ Account Class Name _CUSTID_ CIF ID _CUSTNAME _ Customer name _ADD1_ Customer address 1 _ADD2_ Customer address 2 _ADD3_ Customer address 3 _ADD4_ Customer address 4 _TERMDEPAMT _ Amount of Term Deposit TERMDEPAC __ Term Deposit Account Number _TENORY_ Tenor Term in years _TENORM_ Tenor Term in months _TENORD _ Tenor Term in days _VDATE_ Opening date CCY_ Currency _XRATE_ Applicable Rate _APY_ Annual Percentage yield _SPLAMT_ Interest Amount _SPLCCY_ Interest Amount currency _SPLAMTWORD_ Interest Amount in words _MATAMT_ Maturity Amount _MATAMTWORDS _ Maturity Amount in words _CCY_ Maturity amount currency _MDATE_ Maturity Date _INTPAIDOUT _ Interest paid out as on simulation date _INTPAIDOUTWORD _ Interest paid out amount in words Bale ORACLE 8 5 8 Advice Tag Description _TAXCOLL_ Amount of tax collected as on top up date _SPLCCY_ Tax Amount currency _TAXAMTWORDS _ Tax amount in words _TDATE
85. Es select the option Rate from the adjoining drop down list qa ORACLE Get Latest For each of the UDEs select the option Use Effective from the adjoining drop down list Click Formulas button and invoke the Formulas screen You need to maintain two booked formulae and one tax formula Formula 1 Specify the following details Book Flag Select Booked from the adjoining drop down list Debit Credit Select Credit from the adjoining drop down list Days in a Month Select 30 Days from the adjoining drop down list Days in a Year Select 360 from the adjoining drop down list Accrual Required Check this box Rounding Required Check this box Click Formula Wizard button and invoke the Formula Wizard screen Specify the following expressions Case Result DLV NET VD BAL gt 0 DLY_NET_VD_BAL DAYS TD_1 100 YEAR Formula 2 Specify the following details Book Flag Select Booked from the adjoining drop down list Debit Credit Select Debit from the adjoining drop down list Days in a Month Select 30 Days from the adjoining drop down list Days in a Year Select 360 from the adjoining drop down list Rounding Required Check this box any ORACLE 9 2 4 Click Formula Wizard button and invoke the Formula Wizard screen In this screen you need to maintain the following expressions
86. IT ChangeLog EL ig Date Time Mod No Checker Record Status Date Time Authorization Status Specify the following details Dual Currency Deposit You can capture the following details for the deposit Linked Currency This option is defaulted from the account class However you can modify this value sal ORACLE Currency Option Product Specify the currency option product from the option list under which the Options Contract has to be created in case of Dual Currency Deposit The option list displays all the Option Products with Product Type CO Note You need to mandatorily specify this product if the Linked Currency is entered You will be allowed to capture this value here only if the option Dual CCY Deposit is checked at the Account Class Maintenance screen You will be allowed to modify this value even af ter authorization On saving the account system validates the following to ensure that the currency option product selected here has the below features e Contract type is Trade e Option Type is Call e Deal Type is Buy e Option Style is Plain Vanilla e Barrier is not allowed e Delivery type is Physical e Expiration Style is American Option Contract Ref No The system displays here the reference number of Options contract that is being created while authorising the dual currency TD account Exchange Rate Specify the exchange rate between TD account currency and the linked currenc
87. If this validation fails then system displays the error message Roll over tenor does not fall in the range of minimum and maximum tenor allowed The next maturity date will be adjusted based on the holiday treatment at account class level The tenor in ICDREDMN screen will remain the same after holiday adjustment On query from STDCUSTD after rollover Deposit tenor will be populated with the holiday ad justed tenor and original tenor with the actual tenor before holiday adjustment Years Specify the number of years in the rollover tenor Months Specify the number of years in the rollover tenor Days Specify the number of years in the rollover tenor Next Maturity Date On clicking on Save or Compute system defaults the next maturity date based on the rollover tenor option of the deposit This is updated only for rollover TDs System calculates the next maturity date based in the current maturity date and the rollover tenor maintained at the account level System calculates the next maturity date based on the changes to the maturity date due to holiday treatment Stock Catalog Code The system displays the Stock Catalog Code of the TD certificate number The term deposit certificate has to be maintained as an inventory On generation of certificate from Term Deposit Advice ICDBADHC screen the stock catalog code will be updated to TD account automatically Certificate Number The system displays the
88. Maturity date and generate advice System updates the maturity date and the rollover maturity date as par the TD holiday calendar maintenance generates an advice to the customer e Generate Advice System generates an advice on deposits having maturity date falling on a holiday e No Action By default this option is selected If this is selected the maturity date does not change In that case the system will not generate advices for the TD The adhoc holiday change is the change in branch and currency holiday calendar after opening the TD due to adhoc change in holiday or branch transfer of the deposit System ignores the value of Adhoc Holiday Change if you select the Ignore option for Holiday Calendar Applicable Deposit Tenor Select the deposit tenor applicable to the deposit for interest rate pick up from the adjoining drop down list This list displays the following values e Original Tenor If you select this option then system considers the tenor which is defaulted from the account class or modified at the account level By default SD ORACLE e Deposit Tenor If you select this option then system considers the tenor based on the adjusted maturity date Note Onsaving a deposit if there is a change in maturity date due to holiday treatment then system displays the revised tenor as the deposit tenor due to the revision in maturity date During account opening system defaults the teno
89. Name Field Description 10 10 ORACLE 10 7 Product Wise Total Interest Paid Today This indicates the product wise Account class total for interest paid today in ACY Product Wise Total Interest Paid To Date This indicates the product wise Account class total for interest paid to date in ACY Currency Wise Total Interest Paid Today This indicates the Currency total for Interest paid Today in ACY Currency Wise Total Interest Paid to Date This indicates the Currency total for interest paid To date in ACY Branch Wise Total Interest Paid Today This indicates the Branch total for Interest paid Today in ACY Branch Wise Total Interest Paid to Date This indicates the Branch total for Interest Paid To Date in ACY TD Statement of Accounts Report This is a report all financial transactions that are customer initiated along with the interest payout and tax deduction if any that has taken place in a time deposit account There are multiple financial transactions like deposits interest pay out etc that takes place in a time deposit account Some of these will be customer initiated while others may be done by the system for auto renewal sweep transactions etc The customer needs to get a list of such transactions that have taken place in his her account along with key transaction details like date transacted description maturity date of the
90. ORACLE Term Deposits User Guide Oracle FLEXCUBE Universal Banking Release 12 0 2 0 0 Part No E49740 01 October 2013 Term Deposits User Guide October 2013 Oracle Financial Services Software Limited Oracle Park Off Western Express Highway Goregaon East Mumbai Maharashtra 400 063 India Worldwide Inquiries Phone 91 22 6718 3000 Fax 91 22 6718 3001 www oracle com financialservices Copyright 2007 2013 Oracle and or its affiliates All rights reserved Oracle and Java are registered trademarks of Oracle and or its affiliates Other names may be trademarks of their respective owners U S GOVERNMENT END USERS Oracle programs including any operating system integrated software any programs installed on the hardware and or documentation delivered to U S Government end users are commercial computer software pursuant to the applicable Federal Acquisition Regulation and agency specific supplemental regulations As such use duplication disclosure modification and adaptation of the programs including any operating system integrated software any programs installed on the hardware and or documentation shall be subject to license terms and license restrictions applicable to the programs No other rights are granted to the U S Government This software or hardware is developed for general use in a variety of information management applications It is not developed or intended for use in any inherently dangero
91. ORD _ Tax amount in words _NETINTAMT Net interest amount payable for current redemption _SPLCCY_ Net Interest amount currency _NETINTAMTWORD Net interest amount payable in words _NET AMT _ Net amount payable for current redemption _CCY_ Net Payable amount currency _NET AMTWORD_ Net amount payable in words _BALTERMDEPAMT _ Amount of Term Deposit after redemption _CCY_ Currency _TERMDEPAMTWORD_ Amount of Term Deposit in words _NEWXRATE __ Applicable Rate _APY_ Annual Percentage yield _NEWINTAMT _ Interest Amount _SPLCCY _ Interest Amount currency ORACLE 8 6 8 6 1 8 6 1 1 Advice Tag Description NEWINTAMTWORD _ Interest amount in words _TAXAMT1_ Tax Amount _SPLCCY_ Tax Currency _TAXAMTWORDS 1 _ Tax Amount in Words _NEWMATAMT _ Maturity Amount NEWMATAMTWORDS Maturity Amount in words _CCY_ Maturity amount currency _INTCUM Interest Rate Based on Cumulative Amount _BASEAMT Base Amount for Arriving at Interest Rate Event wise Accounting Entries for Products You can set up various IC products for handling TDs Some representative products are listed below e TD with Capitalization e Normal TD with Simple Interest e TD with Rate Chart Allowed e Recurring deposit Scheme TD with Capitalization You can set up event wise accounting entries and advices for the product as suggested below Accounting roles are for sample rule ID AP01 DEBK
92. Principal and Interest to Unclaimed GLs The following example explains this case Assume the following e 26155010000889 is the TD account opened under Account class ACCT2 for which Grace period for renewal is 1 e Interest Booking Account and Principal Liquidation account are TD accounts The TD is maturing on July 13 2010 Note that the grace period counter is 0 till the start of July 13 EOD The grace period counter is 1 till the start of July 14 EOD The TD can be renewed post maturity for Principal Interest as defined above till the grace period 1 day is over Hence the renewal of deposit is possible till EOD starts on maturity date 1 i e till July 14 2010 But the maturity date will be taken as the value date for renewal i e July 13 2010 On maturity date grace period count 0 renewal is possible and value date of TD will be July 13 2010 On July 14 2010 grace period count 1 renewal is possible and value date will still be July 13 2010 In case renewal is not done within the grace period on lapse of the grace period both the principal and interest will be moved to Unclaimed Principal and Unclaimed Interest Misc GLs respectively with an instrument code reference number for reconciliation July 15 2010 onwards grace period is over the principal and interest can be debited from the Miscellaneous GLs using the reference number instrument code No renewal is possible beyond this date
93. Product Preferences Product Code UDE Currency Account Currency Description Main interest Rate UDE Accrual Product Level Payment Method Bearing Accrual Day 0 Discounted Frequency Daily JLBL AMTBLKFORDIS Cycle None Calculation and Liquidation Days First Liquidation On Months 0 Liquidation at Month Ends Year 0 Start Date Start From Account Back Value Recalculation Opening Flag _ Refund Tax on Pre Closure Defer Liquidation Defer Liquidation Days 0 OD interest reversible M Liquidation Before Month End Defer Before Month End Days 0 ILM Parameters ILM Product ILM Type Debit Interest Notification Receivable General Ledger Redemption Advice Required Account Details 1 Of 1 Account Class Description Currency Special Condition Only LBL RATECHNC The UDE specified here is used by the system to compute and display the maturity amount while booking redemption and simulation You can specify one of the UDE here as multiple UDEs can be attached to an IC product 3 Maintaining Floating Interest Rates You can apply interest either as a Fixed rate or as a Floating rate A floating rate corresponds to the market rates for the day These rates are maintained and updated daily or whenever they change in the Floating Rate Maintenance screen ee ORACLE You can invoke this screen by typing CFDFLTRI in the field at the top right
94. Redemption Reference Number Product Code Redemption Redemption Mode Redemption Amount Principal and Interest Details Principal Amount Interest Rate Maturity Amount 10f1 Payout Type m Account Percentage on the Application toolbar Input Term Deposit Account Number Account Description Account Balance Action Rollover Partial Redemption C Waive Penalty C Suppress Redemption Advice Taks Months Days Next Maturity Date Camoute Redemption Amount Instrument Number ah Waive Interest Rollover Redemption Account Class Tenor LBL_ACC_TENOR Independent Tenor TILBL CONTVARROLL Interest Rate Based on Cumulative Amount Waive Issuance Charge LBL_DEN_CERT_DETAILS 10f1 Certificate Number LBL CERTIFICATE STATUS LBL ISSUED LBL CERTIFICATE AMOUNT TMILBL SELECT ALL LBL REDEEM a LBL_REDEMAMT LBL_NUM_CERTIFICATE_REDK TD Payout Details Input Bv Date Time Authorization Status Authorized Bv Date Time Status You have to specify the following fields for redeeming the TD Redemption Reference Number The system displays the reference number here This field will be enabled only for the query mode and not for the new transaction Product Code You can select an RT product from the adjoining option list Note In case of product selection in this field the RT product set as part of
95. Result Case Result TENOR lt 90 AND DEPOSIT_AMOUNT gt 0 AND PENALTY_BASIS 0 DEPOSIT_AMOUNT DAYS TD 1 100 YEAR TENOR gt 90 AND TENOR lt 180 AND DEPOSIT AMOUNT20 AND PENALTY_BASIS 0 DEPOSIT_AMOUNT DAYS TD_2 100 YEAR TENOR gt 180 AND TENOR lt 730 AND DEPOSIT AMOUNT20 AND PENALTY_BASIS 0 DEPOSIT_AMOUNT DAYS TD 3 100 YEAR TENOR lt 90 AND DEPOSIT_AMOUNT gt 0 AND PENALTY_BASIS DEPOSIT_AMOUNT PENALTY_BASIS DAYS TD_1 TD_PNL 100 YEAR TENOR gt 90 AND TENOR lt 180 AND DEPOSIT AMOUNT20 AND PENALTV BASIS DEPOSIT AMOUNT PENALTV BASIS DAYS TD 2 TD_PNL 100 YEAR TENOR gt 180 AND TENOR lt 730 AND DEPOSIT AMOUNT20 AND PENALTV BASIS DEPOSIT AMOUNT PENALTV BASIS DAYS TD 3 TD PNL 100 VEAR Formula 2 Specifv the following details Book Flag Select Booked from the adjoining drop down list 95 ORACLE 9 2 2 Debit Credit Select Debit from the adjoining drop down list Days in a Month Select 30 Days from the adjoining drop down list Days in a Year Select 360 from the adjoining drop down list Rounding Required Check this box Click Formula Wizard button and invoke the Formula Wizard screen In this screen you need to maintain the following expression Case Result DEPOSIT_AMOUNT gt 0 AND
96. Rollover is checked at the account class level then by default this option is selected If you select this option then the following are applicable The value of Default Tenor at account class is considered as the Rollover Tenor during deposit rollover During opening or modification within the term of the deposit if you change the defaulted value for Rollover Tenor from Account Class Tenor to Account Tenor or Independent Tenor then on save system displays the override message Re pick up Account Class Tenor on Rollover restrictions at account class will be ignored On save the system displays the Next Maturity Date e Account Tenor If re pick up account class tenor on rollover is set to No at the account class level then on selecting rollover the rollover tenor will be defaulted as account tenor On rollover the system displays the original tenor of the TD in terms of days months and years However you can change the default option during rollover When you save it the system displays an override message Re pick account class tenor on rollover restrictions exists at account class If Re pick up Account Class Tenor on Rollover is unchecked at the account class level 8 10 ORACLE then by default this option is selected If you select this option then the following are applicable The value of Original Tenor of the deposit account is co
97. System defaults the current date as account opening date however you can modify this date to a back date or future date If you have selected the future date for simulation and you click on Create Deposit button then the system displays an error message as Future Dated Deposit Opening not Allowed Term Deposit Currency Select the term deposit currency from the adjoining option list Customer No Specify the customer s prospect s identification number For prospects walk in customer id of the branch has to be specified Customer Name Specify the customer s prospect s name The system defaults this if you have specified the customer number Deposit Input Initial Deposit Amount Specify the initial deposit amount you want to keep with the bank for a particular tenor The system displays an error message if initial deposit amount is not specified Maturity Date If tenor is provided system calculates and displays the maturity date automatically If maturity date is provided then tenor is calculated automatically Click Compute button to default the maturity details as an output of the deposit opening simulation Deposit Tenor Years Specify the tenor of deposit in years Months Specify the tenor of deposit in months Days Specify the tenor of deposit in days Simulation Details Interest Earnings System displays the gross amount of interest that will be earned during the tenor of depos
98. T Le 3 22 SE noe LERA TIA sepina sites STSCLOSE ooeeeecesscsesesseseeeeees 3 6 ee a eae ga STSCUSTD sex ceecacint 4 23 ICDRDREV lee 5 PA nw a ICDRDSIM vonoi 6 59 ICDREDMN onien 6 6 T ICDREDRN en 6 50 TDRCLOSE 10 17 ICDRUMNT cn 9 2 TDRDDSUM a 10 8 ICDUDVAL en 9 17 TDREDREP 10 6 ICSEXELG sewer 6 38 TDRFIDEP Les 10 2 ICSINSMT L 5 54 TDRFULBL LL 10 4 ICSRDPMT nsss 4 TDRINREP sies 10 9 ICSREDMN n ne 6 28 TDRMATR sscsssessssseeeseescee 10 21 i TDROPEN en 10 14 TDRPRSUM own 10 13 RDDSCHEQ osisssa 4 24 RENE cc eee TDRSOACC Le 10 11 a ORACLE
99. TD certificate number in Main tab On generation of TD certificate the certificate number will be updated in the TD account automatically On duplicate certificate generation rollover issue the latest certificate number issued against the TD account will be updated in TD account Duplicate If any duplicate certificate is generated for the TD account this box will be checked automatically on generation of duplicate certificate By default this box will be unchecked Rollover Interest Based on Cumulative Amount Check this box to indicate that the system should arrive at the rollover interest rate of a new deposit using the cumulative amount of other active deposits under the same account class and currency SAD ORACLE Note If this box is checked then the rolled over deposit will earn a cumulative interest rate corresponding to the slab based on all active deposits of the customer This selection can be modified any time during the life cycle of TD The modification will take effect only on next rollover The rollover interest rate based on cumulative amount flag will be defaulted on rollover to the Interest rate based on Cumulative amount flag at interest subsystem Rollover interest rate based on cumulative amount can be No if interest rate based on cumulative amount is Yes and vice versa Rollover interest rate based on cumulative amount can be checked only for rollover TDs and not for close
100. TDAA BOOK X represents the settlement account where the amount is credited or debited against P L account This role cannot be attached to any GL on the Role to Head Mapping screen It is used while maintaining event wise accounting entries Sample accounting role for IC Rule ID like AP01 are given below e AP01 ACCR 1 e APOT ACQUIRED 1 e AP0O1 ACR_ADJ 1 e AP01 BOOK 1 e AP01 BOOK 2 e AP01 BOOK 3 e APOT PNL ADJ 1 e APOT PNL ADJ 2 e APOT PNL 1 e APOT PNL 2 e APOT TPBL ADJ 3 e APOT TPBL 3 e APOZ ACCR 1 62 ORACLE AP02 ACQUIRED 1 AP02 ACR_ADJ 1 AP02 BOOK 1 AP02 BOOK 2 AP02 BOOK 3 AP02 PNL_ADJ 1 AP02 PNL_ADJ 2 APOZ PNL 1 AP02 PNL 2 AP02 TPBL_ADJ 3 AP02 TPBL 3 INT BOOK INT LIQD PRINC BOOK PRINC LIQD RCOZ ACCR 1 RCOZ ACQUIRED 1 RCOZ ACR ADJ 1 RCOZ BOOK 1 RCOZ BOOK 2 RC02 BOOK 3 RC02 PNL_ADJ 1 RC02 PNL_ADJ 2 RCOZ PNL 1 RC02 PNL 2 RCOZ TPBL ADJ 3 RC02 TPBL 3 TDACCOUNT TDOFFSE0054 TDRD ACCR 1 TDRD ACQUIRED 1 TDRD ACR ADJ 1 TDRD BOOK 1 TDRD BOOK 2 TDRD BOOK 3 TDRD PNL ADJ 1 TDRD PNL ADJ 2 TDRD PNL 1 TDRD PNL 2 TDRD TPBL ADJ 3 TDRD TPBL 3 INT UNCLAIMED MAT UNCLAIMED PRN UNCLAIMED ORACLE 8 5 8 5 1 TD Advices The following list contains details of the advices that are applicable to the TDs you can process at your bank TD Top up Advices The following advices are sent to customers whenever there is a top up on existing TDs
101. User Data Element Maintenance screen by typing ICDUDVAL in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button User Data Element Values E New E3 Enter Query Product Code Account Class Branch Code Currency Code Effective Date Rule Description Description Accrual Frequency Currency C Product Accruals Description Rate Chart Allowed Liquidation Days Months Years User Data Elements 1 Of 1 User Element User Element Value Rate Code TD Rate Code EL ig Date Time Checker Date Time Mod No Record Status Authorization Status For details about the screen refer the chapter Giving UDE Values for Condition in the Interest and Charges User Manual In this screen you need to maintain the following UDEs for the different IC products Assume that you have maintained the following IC products e TD with Capitalization e Normal TD with Simple Interest e TD with Rate Chart Allowed e Recurring deposit Scheme at ORACLE 9 2 6 9 2 7 9 2 8 9 2 9 9 3 TD with Capitalization You need to maintain values for the following UDEs under this product e TD_1 e TD2 e TID 3 e TD_PNL e TAX RATE Normal TD with Simple Interest You need to maintain values for the following UDEs under this product e TD_1 e TD2 e TID 3 e TD_PNL TAX RATE TD with Rate Chart Allowed You need to maintain values for the following U
102. _ TD Booking date _TOPUPDATE _ Date of top up TOPUPAMT _ Amount of top up _CCY_ Top up Currency _TOPUPAMTWORD Top up amount in words _BALTERMDEPAMT _ Amount of Term Deposit after top up _BALTERMDEPAMTWO Term deposit amount in words RD_ _XRATE_ Applicable Rate _APY_ Annual Percentage yield _NEWINTAMT _ Interest Amount _SPLCCY_ Interest Amount currency _NEWINTAMTWORD Interest Amount in words _TAXAMT Tax Amount _SPLCCY_ Tax Amount Currency _TAXAMTWORDS _ Tax Amount in words _NEWMATAMT _ Maturity Amount _NEWMATAMTWORDS __ Maturity Amount in words _CCY_ Maturity amount currency _INTCUM__ Interest Rate Based on Cumulative Amount _BASEAMT_ Base Amount for Arriving at Interest Rate TD Redemption Simulation Advice This advice will be generated for simulation of TD redemption A message type TD RED SIM will be used Advice Tag Description _BRANCHCODE _ Code of the branch where Account is to be held _ BRNAME_ Name of the branch where Account is to be held ORACLE Advice Tag Description _ BRADDR1_ Branch address line 1 _ BRADDR2_ Branch address line 2 _ BRADDR3_ Branch address line 3 _ACLASS _ Account Class _ACLASSNAME _ Account Class Name _CUSTID_ CIF ID _CUSTNAME _ Customer name _ADD1_ Customer address 1 _ADD2_ Customer address 2 _ADD3_ Cu
103. a Bridge GL between the TD and the pay out module PC Specify the Bridge GL that should be used for processing pay out of ki ORACLE TDs under this account class The adjoining option list displays all valid GLs maintained in the system You can select the appropriate one Product Category To facilitate multi mode pay out specify a product category or select a product category from the adjoining option list The option list lists out only the outgoing payment product category as the payout is to move the proceedings of TD upon liquidation or maturity to other bank accounts Transaction Code Specify the transaction code that should be used to process TD pay out by PC The adjoining option list displays all valid transaction codes maintained in the system You can select the appropriate one Cluster Identification Specify a valid cluster ID which you need to link to deposit account class On linking the cluster the booking and withdrawal amount is validated against cluster amount in units Note You can link cluster ID only for term deposits Rate Chart Tenor Specify the unit by which the tenor maintained in Floating Rate Code Definition screen should be considered You can select one of the following units e Months If you select this the rate chart tenor will be considered as months for all deposit under this account class e Days If you select this the rate chart tenor will be considered as days for all
104. a term deposit account Define Interest Conditions and other parameters for the deposit account Maintain Pay in and Close out mode parameters This manual explains how you can create and service a deposit through the TD Module For details about TD creation using Branch you may refer the Savings User Manual a2 ORACLE 3 1 3 Term Deposit Maintenance Maintaining Payin Parameters In case you have specified that the TD Payin be done by GL you need to maintain the GL details through the Term Deposit Payin Parameters Maintenance screen You can also invoke this screen by typing STDTDPAV in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button 1D Pay In Parameters E New Enter Query Branch Code Payin Option PavinbvGL v General Ledger Code Input By Authorized By Modification Date Time Date Time Number L Authorized E Open To link appropriate GLs in case the pay in option chosen is pay in by GL you need to maintain the following details Branch Code Specify the branch code for which you want to maintain payin parameters The adjoining option list displays all valid branch codes maintained in the system You can select the appropriate one Pay in Option Select the pay in option from the adjoining drop down list The options available are e Pay in by GL While creating a TD if the pay in option is specified as GL and th
105. able shows the status reasons that are factory shipped for the statuses which are changed automatically none Action Due to which the Status Change Reason Updated status is changed Automatically Change Cancelled Account not opened due to Pay in transaction unsuccessful unsuccessful pay in transaction Amount Amount Block to the deposit Hold description for the hold code will Blocked certificate be displayed Redeemed Redemption of the deposit Deposit Redeemed partial or full 5 46 ORACLE 5 15 1 5 16 Automatic Status Change Action Due to which the Status Change Reason Updated status is changed Automatically Cancelled Rollover of the deposit Deposit Rollover Issued Roll Cancel Amount Block removed over Issue Duplicate Re denomi nated For denominated deposits you can do both automatic and manual rollover including force rollover only on the entire principal portion During rollover there will be no automatic re issuance of certificates In case the certificate is required to be re issued after rollover the ICDBADHC screen will be used You can check the Rollover Issue box and then the status of the original certificate will be changed automatically to Cancelled and the status change reason will be updated as Deposit Rollover The status of the new certificate will be Rollover Issue You are not allowed to re denominate the
106. ach intermediary Maintaining Required Sweeps In this section you can enable Sweep In and Reverse Sweep In au ORACLE Enable Sweep in Check this box to enable sweep in Enable Reverse Sweep in Check this box to enable reverse sweep in You can check this box only if the Enable Sweep in check box is checked If the check box is checked without checking Enable Sweep in the system disable saving current account class creation and amendment of the account class 4 1 2 Viewing Amounts and Dates You can view all financial details of this account along with the details of the previous debit or credit activities However access to all financial information of an account can be restricted for any user The financial details of an account include the account balance the uncleared debit and credit balances the debit and credit turnover and the interest details The turnover limit details of an account include the current financial period currency utilized and unutilized limit balances Click Amounts and dates button in the Deposit Account Booking screen Amounts And Dates Branch Account Opening Daily Turnover Dr Daily Turnover Cr Current ACY Uncollected Withdrawal Uncollected Funds Blocked Receivable Available Unutilized Amount Total Available Provision Amount Unauthorized Tanked Uncollected Debit Dr Credit Cr Uncollected Unauthorized Debit Dr C
107. al Condition not maintained Rate Change on Interest Liquidation If the box Rate Chart Allowed has been checked for the account class then you should leave this box unchecked If this box is checked then on every interest liquidation new rates are picked up for interest calculation However you cannot modify this box once authorized Rate Change onRollover Check this box to re pick up the rate activity on the rollover of TD The rate is picked up for fixed and rate chart allowed term deposits Open Check this box if the account class and product combination is effective and open for booking deposit accounts To discontinue the mapping of an account class on an IC product uncheck this box Refer the chapter Defining Interest and Charge Products in the Interest and Charges User Manual for details about setting up the product Refer the chapters Annexure A Accounting Entries and Advices in this User Manual for details on the accounting entry set up for the IC products Also refer the chapter Annexure B IC Rule Set up in this User Manual for details about setting up IC rules for the products Saa ORACLE 3 6 3 Linking Main Interest Rate UDE You can link the main interest rate UDE to the interest product in the Interest and Charges Interest Product Preferences screen Click Preferences button on the Interest and Charges Product Maintenance screen to invoke the following screen interest
108. al for details about the formula for calculating interest rate and maturity amount Deposit Tenor The system calculates the tenor of the deposit account to the difference between Interest start date and Maturity date and displays it In case of change in maturity date the system changes the deposit tenor Note System validates that the deposit tenor is within the minimum and maximum tenor allowed for the account class If this validation fails then system displays the error message De posit tenor does not fall in the range of minimum and maximum tenor allowed You can modify the default tenor during the following e Deposit account opening e Any time before maturity during the life cycle of the deposit e Onrollover of the deposit If you specify the tenor the system computes the maturity date Once the record is authorized you cannot amend the tenor The deposit tenor is represented in terms of years months and days For example if the deposit tenor is 185 days it should be represented as 0 years 6 months and 5 days You need to specify the values in the appropriate fields If the arrived maturity date falls on a holiday then the system will adjust the maturity date as per the Holiday Treatment Maintenance at Account Class level and update revised tenor Years This indicates the number of years in the deposit tenor Months This indicates the number of months in the deposit tenor Days This indicates the
109. ame Field Description Report Name Indicates Report Name Branch Code Branch Name Indicates Current Branch code and Branch Name 19 39 ORACLE User ID Indicates the Identification of the User Branch Date Indicates the date of Branch in which report is taken Page No Displays Page No out of total No of pages in report Module Indicates the Module of the Report Report Run Date Indicates Current System Date Report Run Time Indicates Current System Time Customer Name Indicates the name of the customer Customer Address Indicates the address of the customer Account Summary Details Indicates the summary details for CASA TD and CL Body of the Report The body of the report displays e Current And Savings Account Activity Summary e Deposit Account Activity Summary e Loan Accounts Activity Summary e Detailed CASA Account Activity Statement e Detailed Deposit Account Activity Statement e Detailed Loan Accounts Activity Statement U For further details on combined statement refer section Maintaining Combined Statements section in Generating Account Statements chapter of CASA user manual 1940 ORACLE 11 Function ID Glossary A Ss ACDAUDTR s sisien 6 63 STDACCUS oooi 37 STDAMBLK eee 5 48 b STDCLOSE o o 3 4 CFDFLTRI Les 3 10 3 27 STDCUSTD en 4 1 l STDSCSAC noona 6 39 STDTDPAY oiii 3 2 ODE ADE setet ba STDTDSIM es enenn 6 45 ICDINSMT Le 5 53 jesa ae oe pa ICDPRMN
110. ame as in STDCUSTD screen Once the create deposit button is clicked and the deposit opening screen is visible then you will not be able to navigate back to the simulation screen Note If you try to create deposit for a walk in customer from a TD simulation screen system will throw an error Term Deposit cannot be opened with walk in customer Id 646 ORACLE Account number is created in the simulation screen itself but displayed only post clicking of Create Deposit button For existing customers new deposit can be created using the existing customer id The system displays the pay in options as Others If the Pay in By option is changed to Cheque then it is mandatory to specify all the details and click on Default button Once this button is clicked the pay in details provided will be defaulted in the Pay in Details multi grid For more information on specifying TD creation details refer to the section Creating a Deposit Account in the chapter TD Account 6 14 4 Specifying Interest Details for Simulated Account To specify the interest and charge related details of the term deposit account click the Interest button The screen is as shown below IC Special Conditions Maintenance x Account Details Branch Code Account interest Start Date Charge Start Date Calculation Account interest Booking Branch Interest Booking Account Dr Cr Advices Charge Booking Accou
111. anch Current Branch Code and branch Name Branch Date Current Branch Date Run Date amp Time Current Run Date and Time User ID Operator generating the Report Module Module of the Report Page No Page No of the Report Body of the report The generated report will have the following information grouped by branch code Field Name Field Description Branch Code Indicates the branch for which report is taken Account Class Code This indicates the Account Class Code Account Class Name This indicates the name of the account class Currency This indicates the account currency Account Number This indicates the account number Interest rate This displays the interest rate of the account Maturity Amount This displays the maturity amount as per new calculation Customer Name Indicates the customer name Payment Method Indicates the payment method defined at IC product level for the TD account Interest Paid today Indicates the interest liquidated and due for today This field will be displayed only on the day the interest is liquidated Interest Paid till date Indicates the total interest liquidated till date Interest Rate Based on Cumulative Amount This indicates whether the interest rate for the deposit is arrived using cumulative amount or not Following elements will be displayed for Totals Field
112. and Draft e Loan Payment 8 12 ORACLE Note For Dual Currency Deposits you are allowed to select only GL and Savings Account op tions as the pay out mode You can either select GL or Savings Account but not both Also you can select only one GL or one Savings account and not multiple GLs or accounts in either case Percentage Specify the amount of redemption in percentage For redemption through multiple payment modes the redemption amount that needs to be paid to each mode is computed based on the percentage of payout specified Redemption Amount Specify the actual amount of redemption The percentage and redemption amount are conditionally mandatory You should specify either the percentage or the redemption amount Instrument Number Specify the instrument number to be issued if payout mode is BC If not the system will default the least instrument no available in the branch on save Waive Issuance Charges Check this box to indicate waive option for pay out BC issuance charge Offset Branch Specify the branch code of the account for redemption Offset Account Specify the account number GL for redemption through account GL and loan For redemption through PC BC DD TD the offset account should not be given Narrative Give a brief description for the redemption Note You can query modify and amend other branch transactions only through the summary screen 8 18 ORACLE 6 4 1 Cap
113. ass level then the system will display the error message The A c class you selected is for major customer Ifyou uncheck Minor option at the CIF level and select Applicable customer status as Minor at the account class level then the system will display the error message The A c class you selected is for minor customer oe ORACLE 3 5 2 Maintaining Deposit Details Click the Deposits button to define the parameters for a deposit type account class The Deposit Account Details screen is displayed Deposit Account Details Auto Rollover Close On Maturity Allow Partial Liquidation Allow Partial Liquidation with Amount Block Grace Period for Renewal Settlement Bridge GL Product Category Transaction Code Cluster Identification Move Interest To Unclaimed BL RATECHARTTENOR Move Principal to Unclaimed Rate Chart Allowed LBL_DENM_DEPOSIT Interest Rate Based on Cumulative Amount LBL_MONTHENDDEPOSIT LBL_RECOMPUTEMATDATE Holiday Treatment ILBL HOLIDAVCALENDAR ILBL MOVEACROSSMONTH LBL ADHOCHOL Minimum Tenor Days Months Years Default Tenor Days Months Years Premature Redemption Parametres for Rate Chart Allowed Deposits Interest Rate for As on opening date Redemption Amount Special rate Code Interest Rate after As on opening date Redemption LBL_TOP LBL_ALLOW_TOPUP ILBL INT RATE OPTION TI Current v Recurring Deposit Recurring Depos
114. ate Charge Start Date Interest Booking Branch Interest Statement Dr Cr Advices Charge Booking Branch Product Details 4 0f1 Product Code UDE Currency Waive Charges C Generate UDE Change Advice J Open 7 ILBL CONTVARROLL Effective Date 10f1 Effective Date Open UDE Values 1 Of 1 User Defined Element Id UDE Value Rate Code LBL_UDEVARIANCE Payout Parameters This screen comprises two tabs viz e Interest e Deposit 5 11 5 Interest Tab interest preferences for Child TD You need to capture the following details here Interest Tab You can capture the following interest related details Calculation Account Select the calculation account of the child term deposit from the option list All the CASA accounts and the current TD account for which child TD is to be created will be available for selection in the option list i ORACLE Interest Booking Account You can select the accounts for booking interests on transactions processed at your bank Charge Booking Account You can select the accounts for booking charges on transactions processed at your bank Interest Statement You can also indicate if you would like to generate an interest statement for the account The Interest Statement will furnish the values of the SDEs and UDEs and the interest rule that applies on the account Consolidated Charge Account Specify the a
115. ate after redemption can be any of the following e Continue Existing The contracted interest rate existing rate of the deposit to continue This is the rate applicable to the account just before the redemption e Ason Opening Date Corresponding interest rate for the deposit tenor and remaining amount applicable as on the opening date applicable for deposit opening date The deposit tenor is used to pick the rate e As on Redemption Date Corresponding interest rate for the deposit tenor and remaining amount applicable as on the current redemption date The deposit tenor is used to pick the slab rate e As onthe Rate Revision Events Corresponding interest rate for the remaining amount and deposit tenor will be re picked for each event where the rate revision is done For e g If the interest rate for the deposit is changed for each interest liquidation cycle and on the top up date then the interest rate is re picked for the remaining amount and deposit tenor for each liquidation cycle date and top up date e If the interest is compounded i e liquidated to the same deposit account then it is not considered while arriving at the principal amount for interest pick up Recovering Paid Interest from the Redemption Amount For premature redemption the interest amount is recalculated for both redemption amount and the balance principal amount In case the interest already paid is greater than the interest liable to be paid as o
116. ates the rate of interest 10 36 ORACLE Maturity Date Indicates the date of TD maturity Maturity Amount Indicates the TD amount on deposit maturity 10 20 Ad Hoc Combined Statement You can generate ad hoc combined statement through Ad Hoc Combined Statement screen You can invoke this screen by typing STDCDSMT in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button Ad hoc Combined Statement Customer No Statement ID Customer Name Balance Book Dated Value Dated Based on Date Range Print Options view Oprint Server Spool Apply Online Charges Send to Customer From Date To Date Report Charges Customer No Select the customer number from the adjoining option list Customer Name The system displays the customer name Statement ID Select the statement ID from the adjoining option list Balance You can select the balance to view based on the book date or value date Based on Date Range From Date Specify the from date for the combined statement generation To Date Specify the to date for combined statement generation Print Options You can print view or spool the statement Apply Online Charges Check this box to indicate that the charges needs to be applied to generate the ad hoc account statement di ORACLE Send to Customer Check this box to send the statement to th
117. ation Amount ILIQ_ADJ Interest Liquidation Adjustments IMAT Interest Maturity PMAT Principal Maturity TAX Tax TAX_ADJ Tax Adjustment TD PRINC Deposit Principal Amount TD_INT Advance Interest Paid ORACLE 8 4 Accounting Roles Accounting roles are automatically defaulted by Oracle FLEXCUBE based on the IC Rule attached to the particular IC product An accounting role could be accrual P L or tax payment For creation of role type standard abbreviations are used across Oracle FLEXCUBE The accounting role is created in the following format TDAA lt accounting role type gt lt X gt Where e TDAA represents the IC product e X represents the number of the formula for which the accounting role is created If you have maintained more than one formula for a rule the system will default accounting roles for each of your formulae For example assume that the accounting role is TDAB ACCR 1 This role indicates the following e The IC product is TDAB e The formula number is 1 for example credit interest accrual which was defined in formula 1 Assume that the accounting role is TDAB PNL 2 This role indicates the following e The IC product is TDAB The formula number is 2 for example debit interest posting against income GL defined for formula 2 You should select the appropriate accounting role on the Role to Head Mapping screen for every product Note that
118. ation Details Date The system displays the date of interest liquidation Interest Amount The system displays the interest amount that will be liquidated based on the compounding frequency Principal Amount The system displays the updated principal balance amount as on interest liquidation i e Principal Balance at the beginning of cycle Net Interest liquidated for that compounding cycle Click Clear button to clear the available data in simulation screen at any point of time Click View Print Advice button to view or print the simulation details SABI ORACLE 6 16 1 Topping up TD Click Top Up Deposit button to top up the term deposit Top Up Simulation Screen bl save Term DepostAccount Pei Account Description Number CustomerID Customer Name bonas Account Curency jhen Mo Account Balance Account Open Date sinterest Rate bia Interest Paid Out pi Tax Collected Days Maturity Date Maturity Amount op Up of Team Deposit Revised Deposit Details Value Date f New Term Deposit Amount Top Up Amount New Interest Rate Interest Eamings Tax Deductions New Maturity Amount APY Maker ID Maker Wate Stamp Author System enables the fields related to deposit top up System defaults the fields maintained in the Deposit Top Up Simulation screen You can modify the following details e Term Deposit Account Number e Value Date e Top Up Amount You cannot na
119. ays Interest Rate 9 Interest Amount 10000 9 180 365 100 443 84 USD Rollover Date 30 Jun 2011 After Rollover Deposit amount 10443 84 USD Interest rate 9 25 Interest amount 10443 84 9 25 180 365 100 914 ORACLE 476 41 USD 9 2 4 3 Formula for Interest Waive Based on the WAIVE_INTEREST SDE a new formula will be created in the IC Rule Definition screen for Interest Waiver Condition Formula DEPOSIT_AMOUNT 20 AND WAIVE_INTEREST 0 DEPOSIT_AMOUNT DAYS INT_RATE 100 YEAR The example below explains how the interest that is to be paid out to the account holder will be waived off during redemption Deposit account opening date 01 Jan 2011 Accrual frequency is daily The liquidation is at maturity Deposit amount 10000 USD Tenor 365 Days Interest rate 9 Maturity date 31 Dec 2011 Redemption date 15 Dec 2011 Computed interest amount till redemption date 858 08 USD Computed interest amount 900 USD During Redemption when the Waive Interest is set to Y Redemption date 15 Dec 2011 Redemption type Full Redemption Waive interest flag Y Amount to be paid to the customer 10000 USD During Redemption when the Waive Interest is set to N Redemption date 15 Dec 2011 Redemption type Full Redemption Waive interest flag N Amount to be paid to the customer 10858 08 USD 915 ORACLE
120. beneficiary Narrative Give a brief description for the payout Country Code Specify the country code for the payout address Address Line 1 to 3 Specify the address of the beneficiary for the payout Counter Party Details Tab Click Counter Party Details tab on the Term Deposit Payout Details screen and invoke the following screen Here you can capture details for pay out through PC transfer to another bank account Term Deposit Payout Details Bankers Cheque feeiicinenvasoielts Currency Counterparty Bank Code Counterparty Account Beneficiary Details Beneficiary Address Beneficiary Name PassportiC Number Narrative You can capture the following details ae ORACLE 6 4 8 6 5 Counter Party Details Specify the following cheque details Counter Party Bank Code Specify the bank code of the counter party Counter Party Offset Account Specify the branch code of the account for redemption Beneficiary Details Indicate the following details Beneficiary Name Specify the name of the beneficiary Address Line 1 to 2 Specify the address of the beneficiary Other Details Specify other details if any for the beneficiary Narrative Give a brief description for the payout Authorizing Transaction For the transaction to be authorized click Authorize button The following screen will be displayed Authorization Branch Term Deposit Account Number Redemption Ref
121. ber Check this box to indicate that system should auto populate the certificate start number and end number Denomination ID Select the denomination id from the adjoining option list The list displays all denominations that are already allocated to the account in the Deposit Account Booking screen and are not yet issued Denomination Description The description of the selected denomination id is defaulted here Denomination Value The denomination value of the selected denomination id is defaulted here Stock Catalog Code Specify the stock catalog code here Alternatively you can also select the code from the adjoining option list The list displays all stock catalog codes defined at the inventory level oe ORACLE Note This is applicable only if Inventory module is used for certificate tracking Series No This is the series number as defined at the inventory level Note This is applicable only if Inventory module is used for certificate tracking Availability This indicates the number of certificates available in the inventory for the selected denomination id Note This is applicable only if Inventory module is used for certificate tracking Units This is defaulted from the Deposit Account Booking or TD Account Opening by Multi Mode screen However you can modify this value You can modify the Units field to a number less than the defaulted value but it cannot be great
122. cable Rate _SPLAMT1_ Interest Amount _SPLCCY_ Interest Amount currency _SPLAMTWORD 1 _ Interest Amount in words _MATAMT_ Maturity Amount _MATAMTWORDS _ Maturity Amount in words _CCY_ Maturity amount currency _MDATE_ Maturity Date _INTPAIDOUT _ Interest paid out as on simulation date _SPLCCY Interest paid amount currency _INTPAIDOUTWORD _ Interest paid out amount in words ORACLE 8 5 7 Advice Tag Description _TAXCOLL_ Amount of tax collected as till date _SPLCCY Tax collected amount currency _TAXAMTWORDS _ Tax amount in words _TDATE_ TD Booking date _RENTYPE_ Type of rollover _TENORY_ Rollover term in years _TENORM_ Rollover term in months _TENORD_ Rollover term in days _TERMDEPAMT _ Amount of Term Deposit for rollover _TERMDEPAMTWORD Term deposit amount in words _MDATE1_ Maturity Date _XRATE1_ Applicable Rate APV Annual Percentage vield _SPLAMT_ Interest Amount _SPLCCY_ Interest Amount currency _SPLAMTWORD Interest amount in words _TAXAMT_ Tax Amount _SPLCCY_ Tax Amount currency _STAXAMTWORD __ Tax Amount in words _MATAMT1_ Maturity Amount _MATAMTWORDS1_ Maturity Amount in words _CCY_ Maturity amount currency _INTCUM Interest Rate Based on Cumulative Amount _BASEAMT_ Base Amount for Arriving the Interest TD Top Up Simulation Advice This advice will be generated for simulation of TD top up A message type T
123. ccount TD Additional Details gives information about the additional information Chapter 5 that can be captured while creating a TD It also explains the procedure to maintain instructions for operating a TD Chapter 6 TD Operations explains the operations you can perform on a TD Chapter 7 RD Operations explains the operations you can perform on a recurring deposit t1 ORACLE 1 5 1 6 Annexure A Accounting Entries lists the suggested event wise account Chapter 8 ing entries that can be set up for the Interest and Charge product appli cable for the TD module of Oracle FLEXCUBE Annexure B IC Rule Set up lists the Interest and Charge IC rules that Chapter 9 need to be maintained for the TD module of Oracle FLEXCUBE It also gives the UDEs and rates for which values need to be maintained Chapter 10 Reports provides a list of reports that can be generated in this module and also explains their contents Function ID Glossary has alphabetical listing of Function Screen ID s Chapter 11 i mae used in the module with page references for quick navigation Related Documents e Procedures User Manual e Settlements User Manual e Core Entities User Manual Glossary of Icons This User Manual may refer to all or some of the following icons Icons Function IX Exit Add row e Delete row a Option List lia ORACLE 2 1 2 2
124. ccount The option list consolidated change account Dr Cr Advices You can indicate whether you want to generate an interest liquidation advice for a customer account Check the Debit Credit Advices box to indicate that the system must generate payment advices when interest liquidation happens on an account The advices are generated in the existing SWIFT or and MAIL format No advices will be generated if you leave this box unchecked The preference you have made in the Customer Account Class screen will be defaulted here However you can choose to change your preference to generate or suppress these Advices Interest Start Date The system displays the Maturity date of the parent TD as the interest start date for the child TD However you can modify it Interest for this account will be calculated according to the special conditions that you define subsequently Charge Start Date For the account for which you are defining special conditions you must specify the date from which you would like to apply charges Charges for this account will be calculated according to the special conditions that you define subsequently By default charges on an account would be applied when the free banking period if any elapses This means that the Charge Start Date is arrived at by the System by adding the Free Banking Period days if any specified for the account class used by the account to the Account Opening Date If no Free Period has been
125. ce period end date If you select this option you will need to check the box Move Principal to Unclaimed Move Principal to Unclaimed Check this box to move the principal amount to the unclaimed GL mapped at the IC product in the accounting roles and liquidate the interest amount to the interest booking account on grace period end date If you select this option the principal liquidation account should be the term deposit account Rollover interest rate based on cumulative amount Check this box to opt for cumulation at the time of rollover Next Maturity Date On selecting the rollover for the TD account the system defaults the next maturity date from the previous tenor of the deposit Deposit Tenor The system calculates the tenor of the deposit account to the difference between Interest start date and Maturity date and displays it In case of change in maturity date the system changes the value of this field Rollover Type Indicate the components that should be rolled over by choosing one of the following options e Principal e Principal Interest e Special Amount e Interest Rollover Amount If a special amount is to be rolled over you have to specify the amount less than the original deposit amount in this field Payout Type Indicate the method for initial funding during account creation Choose one of the following options e Account Number e General Ledger e Bankers Cheque e Payments Percentage Specifv the percenta
126. certificate during the rollover issue Denomination Allocation Before allocation of the denominations the denomination allocation pending amount and term deposit amount will be equal and once the denominations are allocated on click on the Populate button the Denomination Allocation Pending Amount field will display the difference between the Term deposit amount and the total of the total amount field i e Term Deposit Amount Total of the Total Amount field If you fail to click the Populate button then on Save the fields are updated There will be a validation for the Denomination Allocation Pending Amount to be Zero on save of the deposit If the validation fails then system displays an error message like Allocation of Denomination is not done for the full term deposit amount You can change the denomination before allocating the certificates from the Term Deposit Certificate ICDBADHC screen by unlocking the Deposit Account Booking STDCUSTD screen But if the denominations are to be changed after allocating the certificates from Term Deposit Certificate ICDBADHC screen the process of re denomination has to be followed Note The interest rate pickup and the interest calculations are based on the entire deposit amount and not on each certificate denomination TD accounts opened after the interest start date will not be considered for arriving at
127. cify the account class of TD account The adjoining option list displays the list of all the valid TD RD account classes maintained in the system You can choose the appropriate one Customer Specify the customer number of the customer The adjoining option list displays the list of all the valid customer numbers maintained in the system You can choose the appropriate one Click OK button to generate the report Click Exit to return to the Reports Browser Contents of the Report The parameters specified while generating the report are printed at the beginning of the report The contents of the report are discussed under the following heads Header of the report The header of the report contains the following information Field Name Field Description Branch Current Branch Code and branch Name Branch Date Current Branch Date Run Date amp Time Current Run Date and Time User ID Operator generating the Report Module Module of the Report Page No Page No of the Report Body of the report The generated report will have the following information Field Name Field Description Account No This indicates the account number Customer No This indicates the customer number for whom TD is opened Customer Name This indicates the Name of the TD account holder Date of Open This indicates the TD account opened date 19 18 ORACLE Value Date This indicates the Val
128. ckdated deposit opening all the active deposits as of the current system date are considered to arrive at the cumulative amount if the Interest Rate Based on Cumulative Amount box is checked The interest rate derived is applied only to the new deposit to be opened and there will be no changes done to the deposits which are used for arriving at the interest rate Refer the section Calculating Interest Rate Based on Base Amount in this User Manual for details about arriving at interest rate based on cumulative amount Deposit Tab Click Deposit tab in the Interest Charges screen to capture deposit details Interest Charges Branch Account Class Account Customer Number Interest Deposit Tenor Account Class Tenor Rollover Tenor B Account Class Tenor Account Tenor Account Tenor Independent Tenor Independent Tenor Years Years LBL_DEPTENORMONTH Months Days Days Maturity Date Next Maturity Date Auto Rollover Rollover Type Principal Close On Maturity Principal interest Move Interest to unclaimed Special Amount Move Principal to Interest unclaimed Rollover Amount Rollover Interest Rate Based on Cumulative Amount 1 Of 1 Payout Type Percentage Offset Branch Offset Account Narrative mi Account TD Pavout Details You can capture the following details ki ORACLE Next Maturity Date On selecting the Auto Rollover box the system display
129. click Charges on the Ad Hoc Combined Statement screen Charges fm Event Sequence Number Component Account Description Amount Currency Waiver Reference No 1 0f1 The system displays the following details in the charges screen Reference No Event Sequence Number Component Charge Account Account Description Amount 10738 ORACLE e Currency e Waiver Note The following maintenances are necessary for the online charge calculation Create an RT product Map the RT product to the ARC maintenance screen Maintain the combination in Online Charge Product Maintenance screen 10 20 2 Combined Statement Generation Report You can generate Combined Statement Report using Combined Statement Report screen You can invoke this screen by typing RPRCNDLG in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button Combined Statement Report CustomerNo 104006173 StatementiD 6173 CL Report Format PDF Printer At Client x Report Output Print z Printer Customer No The system displays the customer number Statement ID The system displays the statement ID Contents of the Report The parameters specified while generating the report are printed at the beginning of the report Other content displayed in the report is as follows Header The following details are displayed in the header section Field N
130. code if the option of transferring MIS balances upon reclassification has been set in the Chart of Accounts screen for the GL Balance Transfer Log Account Balance Transfer Log Details 10f1 Branch ProductCode Financial Year Transaction Date GL Code MIS Class OldMISCode NewMIS Cod Here you can view the following details Account The system displays the TD account number Balance Transfer Log Details You can view the following details e Branch Code e Product Code e Fin Year e Transaction Date e GL Code e MIS Class e Old MIS Code e New MIS Code e TRF Ind e Currency e Exrate e Amount ORACLE 5 7 Specifying Statement Details Click Statement button on the Deposit Account Booking screen and invoke the Statement Details screen Statement Details Primary Account Statement Previous Statement Details Generate Statement Only Date On Movement Balance Summary No None Detailed Account Cycle On Secondary Account Statement Previous Statement Details Generate Statement Only Date On Movement Balance Summary No None Detailed Cycle On Tertiary Account Statement Previous Statement Details Generate Statement Only Date On Movement Balance Statement Account No Type None v Exclude Same Day Reversal Transactions from Statement Exclude Same Day Reversal Transactions from Statement You can specify the f
131. code of the current branch List of Joint Holders You can add the joint holder details in this section if the selected account type is Joint Maintain the following details Customer Number Specify the customer Id for the joint holder The adjoining option list displays the list of all valid customer numbers Select the appropriate one Customer Name The system displays the customer name based on the selected customer number Joint Holder Type Indicate the type of authority Select the appropriate one from the drop down menu The options are e Authorized Signatory e Customer Contact Person e Guardian e Custodian e Developer e Guarantor e Joint and First e Joint and Other e Joint or First e Joint or Other e Nominee e Related for Enquiry e Solicitor e Sole Owner e Third Party e Trustee e Valuer Start Date Specify the date from which the joint holding of the account begins End date Specify the date on which the joint holding of the account ends Note Note the following Ifthe end date expires the system does not allow you to save the customer account in case of amendment in the joint holder details The system will display an error message if you attempt to save the amendment You can enter the joint holder details only if Account Type is Joint If the account type is Joint then it is mandatory to specify the details of at least one joint holder a ORACLE
132. corner of the Application tool bar and clicking on the adjoining arrow button Money Market Floating Rate Input E New amp Enter Query Rate Code Branch Code Rate Code Description Currency Effective Date and Amount Slab 1 Of 1 1 Of 1 Currency Code Amount Slab Effective Date Borrow Lend Indicator Tenor and Interest Rate Details 10f1 TITenorTox Interest Rate Maker Date Time Mod No Checker Date Time Record Status Authorization Status The floating interest rates are defined through this screen A Rate Code identifies a set of rates defined for a combination of Currencv Amount Slab and Effective Date Also for each such combination vou can maintain rates that can differ bv each tenor The following details have to be captured here Rate Code and Description You can maintain new rate codes and also provide values for existing ones like MIBOR LIBOR etc For a new code you need to capture a unique id The id can include a maximum 10 alphanumeric characters Currency You have to associate each Rate Code with a currency You can define rates for the same Rate Code in different currencies Select a currency from the option list provided Effective Date Each rate that you define for a Rate Code and Currency combination should have an Effective Date associated with it This is the date on which the rate comes into effect Once a rate comes into effect i
133. count i e CASA when the account does not have sufficient funds for making RD installment payment Installment Frequency Specify the frequency for payment of installment for RD The installment frequency should be within the minimum and maximum schedule days Days Specify the installment frequency in terms of days Months Specify the installment frequency in terms of months Years Specify the installment frequency in terms of years Minimum Schedule Days Specify minimum schedule days here Maximum Schedule Days Specify maximum schedule days here Minimum Installment Amount Specify the minimum RD installment here The installment amount at account level should be greater than or equal to the minimum installment amount Maintaining Denominated Deposit Details You can maintain various denominations of the denominated certificates per currency using Denominated Deposit Details screen Only the denominations maintained in this screen can be used for issuance of denominated certificates under this account class ki ORACLE 3 6 To invoke this screen click the button Denominated Deposits on the Account Class Maintenance screen Denominated Deposit Details Allowed Denomination Details 1 Of 1 Currency Denomination ID Denomination Description Denomination Value The following details are captured here Currency If inventory module is allowed select a
134. count Class ae ORACLE 5 11 2 Account Class Specify the account class if you have selected the Default From as Account Class If you select the Default From as Account then on clicking of P button the system will default the interest and deposit details from the parent TD account Or if you select the Default From as Account Class then on clicking P button the system will default the interest and deposit details from the account class selected For the child TD you will have to capture interest calculation and pay out preferences You can do this by clicking Interest button on the screen Refer the section Capturing Payout Interest Details for Child TD in this chapter for details about capturing interest preferences for Child TD in case auto pay out by rollover option is selected Bankers Cheque DD Tab Click Banker s Cheque DD tab to capture cheque related details if you have opted for TD pay out through a banker s cheque Term Deposit Payout Details Branch Currency Account Term deposit EWCA S e TEn ENADE PC Instrument Details Instrument Type Bank Code ai Payable Branch Beneficiary Details Beneficiary Address Beneficiary Name Passport IC Number Narrative Interest Here you can capture the following details Cheque Details Specify the following details Bank Code Specify the bank code of the Bankers cheque Currency The system displays
135. count Number Note System displays a description of the Recurring Deposit account once the querying param eter is selected Select any of the parameters for a query and click Query button The records meeting the selected criteria are displayed System displays the following Recurring Deposit details e Account open date e Installment Amount e Installment frequency e Deposit Tenor e Number of successful installments e Number of un successful installments Aaa ORACLE Number of installments paid Number of outstanding installments Interest Rate Maturity Date Maturity amount 28 ORACLE 5 TD Additional Details 5 1 Capturing Additional Details You can capture additional details for the account by clicking the following buttons in the Deposit Account Booking screen Button Function Interest This invokes the IC Special Conditions Maintenance screen Charges This invokes the Account level charges conditions screen Linked Entities This invokes the Linked Entities screen Restrictions This invokes the Products and Transaction Codes Restriction screen MIS This invokes the Management Information System screen Statement This invokes the Statement Details screen Joint Holders This invokes the Linked Entities screen Fields This invokes the User Defined Fields screen Account Signatory This invokes the
136. cription The system displays the description of the transaction i e the description of the transaction code Branch The system displays the account branch of transaction of the account being queried one ORACLE Account Number The system displays the account number being queried Dr Cr Either Dr Cr leg is displayed based on the accounting entry posted to the TD account Fcv AmountThe system displays the foreign currency am ount of transaction of the account being queried Lcv Amount The system displays the local currency amount of transaction of the account being queried Transaction Date The system displays the transaction date of transaction of the account being queried Value Date The system displays the value date of the transaction Trn Int Dt The system displays the transaction Initiation date of transaction of the account being queried Related Account The system displays the related account of transaction of the account being queried Auth Stat The system displays the authorization status of transaction of the account being queried User ID The system displays the user Id of transaction of the account being queried Accrual You can view the accrual details Event The system displays the event of transaction of the account being queried Description The system displays the description of the transaction i e the description of the transaction code Branch The system displays the account branch of
137. current and future installments RD Account Details Specify the following details Tal ORACLE Branch Code Specify the branch where the RD resides The adjoining option list displays all valid branch codes maintained in the system You can select the appropriate one Transaction Date Specify the transaction date for which payment is supposed to be initiated RD Account Number Specify the RD Account Number You can also choose the appropriate one from the option list The option list displays the deposit type of accounts maintained in the system Maturity Date The system display the maturity date of the RD on specifying the recurring deposit account Installment amount The system displays the installment amount for the RD on specifying the recurring deposit account CCY The system displays the currency for the RD on specifying the recurring deposit account Payment Details Specify the following details Payment Branch Code Specify the code assigned to the branch in which the payment is to be made The adjoining option list displays all valid branch codes maintained in the system You can select the appropriate one Payment Account Number Specify the payment account number used for manual payment for the RD The adjoining option list displays all valid savings account and current accounts maintained in the system You can select the appropriate one Product Code Specify the retail teller product with combina
138. d System will only fetch records for the group code allowed for the user If a user tries to query customer information which is restricted for him system displays the error message No query results found for the specific criteria If you are allowed to query customer information system displays the following details pertaining to the fetched records e Authorization Status e Record Status e Branch Code e Term Deposit Account Number e Description e Customer Number e Term Deposit Currency 423 ORACLE 4 3 e Account Class e Account Open Date e Alternate Account Number e Account Number e Account Type Viewing Recurring Deposit Details You can view the details of Recurring Deposit using the RD schedule enquiry screen You can invoke this screen by typing RDDSCHEQ in the field at the top right corner of the Application tool bar and click the adjoining arrow button RD Schedule Enquiry E New E3 Enter Query Query Criteria Branch Code RD Account Number Quen Account Description Account Details Account Open Date Installment Amount Number of Successful Installments Installment Frequency Deposit Tenor Interest Rate Maturity Date Maturity Amount Number of Unsuccessful Installment Number of Installments Paid Number of Outstanding Installments You can query recurring deposit details in this screen based on the following mandatory parameters e Branch Code e RD Ac
139. d Allowed Special Condition Not Applicable Applicable 1 Of 1 Product Description Debit Credit Transaction Details Transaction List Disallowed Allowed Special Condition Not Applicable Applicable 101 Transaction Code Description Debit Credit Specify the following details Product Details Indicate the following preferences Special Condition By default the restrictions maintained at the account class level will be displayed here When you define product restriction attributes for an account itself rather than for the account class to which it belongs it is referred to as a Special Condition You can apply special conditions by selecting the option Applicable If you opt to define special conditions for an account the restrictions defined for the Account Class to which the account belongs will NOT apply to this account If you wish to continue with the account class restrictions opt for Not Applicable Product List Specify the restriction type here The options available are on ORACLE e Allowed If you select this the products entered in the multi entry block will be allowed for that account e Disallowed If you select this option the products entered in the multi entry block will be disallowed Product You can select the products and specify the type of transaction Dr Cr or both that you would like to allow
140. d clicking the adjoining arrow button Term Deposit Maturity Date Falling on a Holiday due to Adhoc Change in Holiday Calendar Branch Code Customer Deposit Account Number From Date Report Format Report Output Print v Branch Description Customer Name To Date Printer At Client Printer Specify the following details here From Date Specify the date from which the report for TD account maturity date change should be generated By default system displays the current Application date 10 25 ORACLE 10 14 1 To Date Specify the date till which the report for TD account maturity date change should be generated By default system displays the current Application date Branch Code Specify the branch code of the TD account The adjoining option list displays all valid TD branch codes maintained in the system You can choose the appropriate one Deposit Account Number Specify the account number of the term deposit The adjoining option list displays tall valid deposit account numbers maintained in the system You can choose the appropriate one Customer Specify the customer number here The adjoining option list displays all the valid customer numbers maintained in the system You can choose the appropriate one Report Format Select the format in which you want to report to be generated from the options provided in the drop down list This list displays the following values e PDF e HTML e Excel e RTF
141. days months amp years will be populated with the original tenor of the TD and will be non amendable The next maturity date will be calculated based on the maturity date account tenor Fa ee EE AS ORB H AGF on ee Va ao tis Click Compute button to display the interest rate The system displays the interest rate of the main interest UDE linked to the IC product If the interest rate for the main Interest UDE is customized using the Interest sub screen the system will display the customized rate here Ri ORACLE Along with the interest rate in the Interest sub screen this will be re populated during liquidation redemption and rollover based on the instruction at the product level Maturity Amount Click Compute button to display the maturity amount System computes Maturity Amount based on the TD booking amount and the accrued interest till maturity Maturity amount is based on the capitalized interest P 1 if the booking account and the interest liquidation account are the same and the interest payout details are not provided Note In case of rollover in a TD account the system recalculates the interest rate and maturity amount and displays the values accordingly On partial redemption the system re com putes and displays the interest rate and maturity amount The SDE DEPOSIT_AMOUNT is used for displaying the Maturitv Amount on the screen Refer the chapter Annexure B IC Rule Set up in this user manu
142. days months and years which you cannot change However you can change the default option during rollover When you save it the system displays an override message Re pick account class tenor on rollover restrictions exists at account class If Re pick up Account Class Tenor on Rollover is checked at the account class level then by default this option is selected If you select this option then the following are applicable The value of Default Tenor at account class is considered as the Rollover Tenor during deposit rollover During opening or modification within the term of the deposit if you change the defaulted value for Rollover Tenor from Account Class Tenor to Account Tenor or Independent Tenor then on save system displays an override message On save Maturity Date will not be displayed e Account Tenor If Re pick up Account Class Tenor on Rollover is set to No at the account class level then on selecting rollover the rollover tenor will be defaulted as account tenor On rollover the system displays the original tenor of the TD in terms of days months and years However you can change the default option during rollover When you save it the system displays an override message Re pick account class tenor on rollover restrictions exists at account class If Re pick up Account Class Tenor on Rollover is unchecked at the account class level th
143. deposit amount total exceeds This indicates the TD accounts of the customer with deposit amount exceeding specified amount Branch Code Indicates the branch for which report is generated Branch Name Indicates the name of the branch Customer ID This indicated the unique id of the customer whose TD accounts exceeds specified amount Customer Short Name This indicates the short name of the customer Account Currency This indicates the currency of the TD account Account Number Indicates the TD account of the customer whose current availa ble balance exceeds the specified limit Interest rate This displays the interest rate of the account Maturity Amount This displays the maturity amount based on the display at the TD level Deposit amount This indicates the deposit amount Interest Rate Based on Cumulative Amount This indicates whether the interest rate for the deposit is arrived using cumulative amount or not 10 5 Deposit Detail Summary by Total Amount Report This report provides a summary of currency wise deposit details You have an option to print and view the report in pdf or excel format 10 7 ORACLE 10 5 1 You can invoke Deposit Detail Summary by Total Amount screen by typing TDRDDSUM in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button Deposit detail summary Processin
144. deposit under this account class If rate chart is allowed for the account class then the system will take the tenor from Floating Rate Code Definition in terms of the unit specified here Note You can use this feature only if the rate code has been maintained for the specific tenor Also this feature is available only if the check box Rate Chart Allowed is checked on this screen Deposit Amount Currency wise Limits Currency Specify the Ccy for which the min max top up units to be defined The list displays all the active Ccy s maintained Min amount Specify the minimum amount for which deposit should be created under this account class If the TD account is booked below the minimum amount then the system displays an error message Deposit amount is less than the minimum amount at account class Max amount Specify the maximum amount for which deposit can be created under this account class The system will display a configurable override if the deposit amount contravenes the specified amount range or if the maximum amount is not specified ate ORACLE Top up Units Specify the top up units for each ccy The top up has to be made only in multiples of these units specified for each Ccy if not an error message Top up should be in multiples of top up units will be displayed on top up Holiday Treatment Holiday Calendar Select the holiday calendar applicable to the account class from the a
145. deposit is booked before the minimum tenor then the account fails to save and the system displays following error message Tenor of deposit is lesser than the minimum tenor of the deposit 9 10 ORACLE Days Specify the minimum tenor in terms of days Months Specify the minimum tenor in terms of months Years Specify the minimum tenor in terms of years Premature Redemption Parameters for Rate Chart Allowed Deposits Interest Rate for Redemption Amount Select the interest rate to be applied for the redemption amount from the adjoining drop down list The following options are available in the drop down list for selection e Continue Existing e Ason Opening date By default this option is selected e Ason Redemption date e As on Rate Revision Events e Special Rate Code Note This is applicable only for Rate Chart Allowed deposits By default As on Opening Date option is selected You can modify this only if there is no active accounts linked to the account class Special Rate Code Specify the special rate code for the redemption amount Alternatively you can also select the rate code from the adjoining option list This is a mandatory input only if the interest rate is chosen as Special Rate Code Interest Rate After Redemption Select the interest rate to be applied after redemption of TD from the drop down list The following options are available for selection e Continue Exist
146. des additional spread rate maintenance in addition to interest rate for TD based on the parameters maintained which is added to the derived interest rate from the rate chart maintenance and used for Interest calculation The spread is maintained by specifying fixed rate in addition to the rate code attached Calculating Interest Rate during Normal Maturity of a TD Oracle FLEXCUBE performs calculation of Interest Rate during normal Maturity of a TD During interest liquidation on maturity for TDs the system derives the interest rate from the rate maintenance in LD MM Floating Rate Input screen based on tenor amount slab currency and effective date fora TD Calculating Interest Rate during Partial redemption of a TD Oracle FLEXCUBE performs calculation on partial redemption of the TD On partial redemption the system performs the following actions e It credits the redemption amount to customer payout account and debits from TD account e It recalculates the tenor for the redemption amount i e Reduced Tenor Completed tenor from the TD value date till the partial redemption date in months e Itrecalculates the interest for the previous periods including the current period Till partial redemption date by considering the redemption amount as the TD amount and on the reduced tenor e lt applies the interest based on the new reduced tenor The amount slab derived from the rate chart maintenance is Amount 1 e It reca
147. dicates Y N based on the duplicate certificate issued for TD account Interest Rate Based on Cumulative Amount This indicates whether the interest rate for the deposit is arrived using cumulative amount or not TD Full Balance Listing Report This report gives a complete listing of time deposit accounts opened till the run day This report gives account class wise grouping of accounts with totals You have an option to print and view the report in pdf or excel format 1 2 ORACLE 10 3 1 You can invoke TD Full Listing Reports screen by typing TDRFULBL in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button TD Full balance Listing Branch Code Status Process Date Report Format Printer At Client Report Output Printer Specify the following details here Branch Code Select the branch code for which the report needs to be generated from the adjoining option list The list displays all valid branch codes You have an option to select all the branches or a single branch If the branch code is not specified then the TD accounts of all the branches are shown in the report Status Select the account status from the drop down list The options available in the drop down list are as follows e Open Ifyou select this option the report will be generated for all open deposit accounts e Close If you select this option the report
148. disallow for each product In contracts involving the selected products the accounts would be used for processing the selected type of transaction For instance assume that for the account A1 you have allowed Dr for the product ABCD This would mean that if a Dr entry for the product ABCD is passed to the account A1 it would go through but in case a Cr entry is passed for this product then the system will display a message indicating that the transaction is restricted for the account Description The system displays the description for the product code that which you have specified Debit During transaction processing the system will validate whether any restrictions are placed on the account based on the product code If you have indicated to allow Dr Transactions for the product ABCD and attempt to post a debit entry the system will seek an override If the message has been configured as an override instead of an error you will be able to continue the transaction despite the restrictions by providing appropriate reasons for the same Otherwise you cannot continue with the transaction During maintenance or online operations in the respective contract screens for the restricted transactions when you specify the customer account the system checks whether the account is restricted for the product that has been selected or the debit credit transaction type If so an override is sought when such contracts are saved
149. djoining drop down list This list displays the following values e Ignore Select this option to ignore all other holiday parameters for the account class By default this option is selected e Branch Holiday calender will be based on the branch holiday maintenance of the respective branch e Currency Holiday calendar will be based on the currency maintenance done at bank level for the respective currency e Both Branch amp Currency Holiday calender is based on both branch and currency holiday maintenance The holiday calendar is used to arrive at the maturity date The holiday calendar defined at the account class is applicable to all term deposits under the account class You cannot modify the Holiday Calendar if there are active accounts under the account class For month end deposits if holiday calendar is applicable then the account class holiday calendar options indicate the following e Ignore Maturity date does not change even if it is a holiday i e the maturity date will be last day of the month If you select this option then system ignores all other values e Deposit Branch Holiday If the maturity date is a holiday as per the deposit branch calendar then system moves the maturity date to the last working day of the same month e Deposit Currency Holiday If the maturity date is a holiday as per the deposit currency calendar then system moves the last working day to the same month e Both Deposit Cu
150. e _REDMBRANCH__ Redemption account branch _REDMACCOUNT _ Redemption account to _REDMNARRATIVE _ Redemption narrative _PAYOUTTYPE __ Pay out Type _PAYOUTPERCNT _ Payout Percentage _PAYOUTREDMAMT__ Payout Redemption amount _PENALTYDET _ Penalty details _MAKERID _ Teller name _TXNDATETIME _ Transaction date amp time _ CERTNO_ Certificate numbers getting redeemed _ NOCERT_ Total number of certificates getting redeemed _INTCUM Interest Rate Based on Cumulative Amount _BASEAMT_ Base Amount for Arriving at Interest Rate ORACLE 8 5 4 Rollover Advices This rollover advice will be generated only for term deposits during rollover A message type TD_ROLL will be used Tag Description _BRANCHNAME _ Branch Name _BRNADD1 _ Branch address line 1 _BRNADD2_ Branch address line 2 _BRNADD3_ Branch address line 3 _TDATE_ Rollover date _REF_ Advice Reference _CUSTNAME _ Customer name _ADD1_ Customer address line 1 _ADD2_ Customer address line 2 _ADD2_ Customer address line 3 _ADD4_ Customer address line 4 _TDACNO_ Term deposit account number _AMT_ Rollover amount _CCY_ Term deposit currency _DEPTTENOR_ Term deposit tenor _MATDATE_ Maturity date _MATAMT_ Maturity amount _INTRATE_ Interest rate _INTAMT_ Projected Interest amount _TDROLLTYPE_ Rollover type _BLOCKEDAMT _ Blocked Lien amount _TAXAMT _ Tax A
151. e the system will prompt that Continue variance on Rollover Flag is modified You can proceed Check this box to enable continued variance on rollover If you check this then the system will default account variance as current value to the rollover deposit for the next cycle If you do not check this then the account variance will not be carried forward to next rollover cycle Interest rate based on cumulative amount Check this box if child TD account has to be considered for cumulation Cumulation is applicable only for rate chart allowed TDs Effective Date Specify the effective date of a record which is the date from which a record takes effect The system displays the maturity date of the parent TD However you can change it Open Specify the open records with different Effective Dates if the values of UDEs vary within the same liquidation period UDE ID Specifv the UDE ID for the account mae ORACLE 5 11 6 UDE Value Specify the values for a UDE for different effective dates for an account When interest is calculated on a particular day for an account with special conditions applicable the value of the UDE corresponding to the date will be picked up Rate Code Specify the rate code for the account TD rate code is not applicable for Child TD Variance Specify the variance in the interest rate This is the variance alone The effective rate will be the sum of the TD rate code and the variance that you
152. e Based This indicates whether the interest rate for the deposit is arrived on Cumulative using cumulative amount or not Amount 19 20 ORACLE 10 12 Term Deposits Account Maturity Report 10 12 1 This report lists the term deposits that will be matured for the given period You can generate this report using TD Account Maturity Report screen To invoke this screen type TDRMATR in the field at the top right corner of the Application tool bar and click on the adjoining arrow button TD Account Maturity Report From Date To Date Branch Code Account Class Customer Report Format Printer At Client Report Output Printer Specify the following details here From Date Enter the From date This should be greater than the current application date To Date Enter the To date This should be greater than the current application date Branch Code Specify the branch code of the TD account The adjoining option list displays the list of all the valid TD RD branch codes maintained in the system You can choose the appropriate one Account Class Specify the account class of TD account The adjoining option list displays the list of all the valid TD RD account classes maintained in the system You can choose the appropriate one Customer Specify the customer number of the customer The adjoining option list displays the list of all the valid customer numbers maintained in the system You can choose the appr
153. e FT This indicates closure by funds transfer e GL This indicates closure by transfer to GL e BCA This indicates closure by banker s cheque PC This indicates closure by transfer of funds to another account using PC module Note The close mode maintained in the screen will be used at the time of processing redemption Close mode is mandatory if the redemption is by Account GL Cash amp Loan For redemption through BC DD the RT product maintained at ARC level for the BC DD instrument will be considered during redemption Close mode is not applicable or PC and TD pav outs Description Give a brief description for the closing mode Product Specify the Retail Teller product that should be used for booking withdrawal entries It can be any one of the following e Retail Teller Product e Product linked to the instrument type ORACLE Debit Credit The closure can be effected by means of a debit or a credit to the account For each of the aforesaid closing modes you need to select the Debit option from the adjoining drop down list 3 3 1 Specifying UDF Values All User Defined Fields UDFs linked to the function ID STDCLOSE are displayed in the User Defined Fields screen Invoke this screen by clicking Fields button on the Term Deposit Closing Mode Maintenance screen User Defined Fields LBL FIELD VAL DES Here
154. e amount available on the maturity of the TD account is displayed here In case of partial redemption of the TD account the maturity amount displayed will not include the liquidated interest on partial redemption Maturity Date The maturity date of the TD account is displayed here You cannot modify this Deposit Tenor The deposit tenor details of the TD are displayed here Years The tenor of the TD account in years is displayed here You cannot modify this The tenor of the TD account in years is displayed here You cannot modify this Months The tenor of the TD account in months is displayed here You cannot modify this Days The tenor of the TD account in days is displayed here You cannot modify this Top up of Term Deposit Details The top up details of the TD are captured here Top up Amount Specify the top up amount for the TD Value Date Select the date on which the top up on the TD has to be effective The top up value date can be a back dated or current date Future dated top up is not allowed Note Top up can be back dated to the date of last financial transaction like pay in interest liquidation redemption maturity rollover and top up of funds If top up is made back dated before last financial transaction system displays the following error message Top up can be back value dated only up to the value date of the last financial transaction Top up value date cannot fall on a ho
155. e customer Processing Ad Hoc Combined Statement You can process the ad hoc combined statement by doing the following Select the customer for which ad hoc account statement needs to be generated Select the plan ID maintained for the customer Specify the date range If date range is not specified then the system generates report for the current date only Check Send to Customer if the statement should be sent to the customer You can view print or spool the message based on the option selected If the Send to Customer is not checked then the generated statement can only be viewed spooled or printed The message will not be available in outgoing browser Specify if charge needs to be applied on the statement generation Applicable charges can be viewed in the charge sub screen on click of the Charge button The actual ac counting entries for the charge is processed only on the click of OK button of the Ad hoc screen You can also waive off the charges applied Reports button is provided for processing the reports Statement is generated for all the accounts maintained in the statement plan 10 20 1 Charge Details You can view waive or modify the online charges computed for the generation of the combined statement through the Charges screen You can invoke this screen by typing CSCONLEVT in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button or
156. e customer name Deposit Account Number This indicates the deposit account num ber Account Description This indicates the account description Account Branch This indicates the account branch Account Currency This indicates the account currency Deposit Amount This indicates the deposit amount Deposit Tenor This indicates the deposit tenor 1922 ORACLE Field Name Field Description Deposit Maturity Date This indicates the deposit maturity date Account Open Date This indicates the account opening date Reason for not adjusting This indicates one of the following reason for not adjusting the maturity date e Block exists e Breach of minimum tenor e Breach of maximum tenor Note You should manually take appropriate action If maturity date is not adjusted due to a block 10 16 Tax Deduction Report 10 16 1 You can generate term deposit tax deduction EOD reports for specific customers This report provides the details of the tax deducted at source for a customer for the term deposits The system generates this report during beginning of day operations This report can be generated for a specific branch as of the date of tax deduction Contents of the Report The parameters specified while generating the report are printed at the beginning of the report The report contains the following details 10 30 ORACLE Header Field Name F
157. e falls on a Holiday then the maturity date can be moved to the next or previous working day based on the holiday movement option even if it falls in a different month e Previous next working day of the same month After moving the maturity date if the adjusted maturity date falls in the previous next month then the system moves the maturity date forward or backward to the next previous working day of the same month e No change in maturity date If the adjusted maturity date falls on next previous month then the system ignores the movement and considers the computed maturity date as the maturity date even it falls on a holiday Maturity date across months is applicable only when the maturity date is adjusted to previous or next working day System displays an override message in the following cases e When allowed the maturity date is moved across months e when the maturity date is re adjusted to the last working day of the month e When the calculated maturity date is used in case the maturity date movement to the next month is not allowed Whenever there is a change in the maturity date system changes the rollover maturity date accordingly System ignores the value of Maturity date movement across months if you select the No Change option for Holiday Movement Adhoc Holiday Change Select the adhoc holiday change from the adjoining drop down list The adjoining drop down list displays the following values e Change
158. e offset account for pay in is not specified then the system debits the GL account specified in TD Pay In Parameters thus creating a TD e Pay in by Cash While creating a TD if the pay in option is specified as Cash created through TDMM and the offset account for pay in is not specified then the system debits the GL account specified in TD Pay In Parameters thus creating a TD General Ledger Code Specify the GL code that should be picked up the system for the TD pay in The adjoining option list displays all valid GLs maintained in the system You can select the appropriate one ORACLE Specifying UDF Values All User Defined Fields UDFs linked to the function ID STDTDPAY are displayed in the User Defined Fields screen Invoke this screen by clicking Fields button on the Term Deposits Payin Parameters Maintenance screen User Defined Fields UDF Details 1 Of 1 Field Name Value Description Here you can specify values for each UDF Refer the User Manual titled User Defined Field for details about defining UDFs Validations for Pay in Accounts System performs the following validations on pay in accounts during TD account Save stage accounting entry passing stage e When a deposit account is created or topped up with the pav in from a CASA account if the account does not have funds but has a limit line attached to the account then the depo
159. e redemption transaction code is specified at IC branch parameter level Move Maturities to Unclaimed Check this field to move all the funds on the maturity date to the unclaimed GL mapped to the accounting role in the IC product Note that this box is unchecked and disabled for RD Payment Branch Specify the details for the branch to which the payment account belongs Payment Accounts Specify the payment account this can be either savings account or the current account from which the installment for the Recurring Deposit is collected as per the installment frequency If you have not checked the option Auto Payment Take Down the system will not allow you to specify the payment accounts Installment Amount Specify the installment amount that has to be collected from the payment account as per the installment frequency This installment amount should be greater than the minimum installment amount mentioned at the account class Recurring Deposit Account Check this box to indicate recurring deposit account For recurring deposits by default this checkbox will be checked Payment Date The system displays the account booking date as the date on which the payment is made for recurring deposit account You cannot modify it This is the date on which the payment will happen On successful payment of installments the system changes the payment date to the next due date based on the installment frequency Payment Currency The sy
160. ed stock code If the entered certificate number is already in use then the system displays an error message No of Advice Generated The system displays the advice number being generated automatically when each certificate is generated On rollover of Term deposit this field will be updated as zero Rollover Issue Check this box if the certificate is generated for a rolled over term deposit Note Note the following If you want to issue certificate for Rollover then the Rollover should be checked G32 ORACLE Ifthe account is not rolled over and if you select rollover issue system throws an error message Since Account is not rolled over Rollover issue should not be checked If The Rollover certificate is issued already but the rollover issue is selected again then the system prompts to select Duplicate Issue If The certificate is not issued for rollover activity and if the duplicate issue is done then the system displays the message Certificate not issued for Rollover ac tivity Mark as Duplicate Select Mark as Duplicate to issue duplicate certificate for TD account for which certificate is already issued If it is not selected then the system displays an error message while generating the certificate Auto Generate Certificate Number Check this box to indicate whether system should automatically pickup the certificate number from inventory or the certificate number should be
161. ed in the User Defined Fields screen Invoke this screen by clicking Fields button on the Term Deposits Instruction Maintenance screen User Defined Fields Field Name Value Description Here you can specify values for each UDF Refer the User Manual titled User Defined Field for details about defining UDFs i ORACLE 5 19 Viewing Instruction Summary You can view summary of all instructions using the Term Deposits Instruction Summary screen To invoke this screen type ICSINSMT in the field at the top right corner of the Application tool bar and click the adjoining arrow button Term Deposits Instruction Summary E Search Cf Advanced Search Reset DA Clear All Case Sensitive Authorization Status Record Status Branch Code G Account Number fiss Records per page 15 10f1 Authorization Status Record Status Branch Code Account Number Sequence Number Sweep To Account Swi You can query on records based on any one or all of the following criteria e Authorization Status e Record Status e Account Number Click Search button The system identifies all records satisfying the specified criteria and displays the following details for each one of them e Authorization Status e Record Status e Branch Code e Account Number e Sequence Number e Sweep To Account e Sweep Branch Double click on a record to invoke the detailed screen for tha
162. ed to be maintained for the TD module of Oracle FLEXCUBE It also gives the UDEs and rates for which values need to be maintained 9 2 IC Rule Maintenance The components required to calculate interest the principal period and rate are broadly referred to as Data Elements Data elements are of two types e System Data Elements SDEs amp Interest amp Charges Rule Maintenance b S E New EA Enter Query e r Rule ID Apply Interest D Rule Description On Account Opening Month a Primary Element mJOn Account Closure Month t ILM Parameters a _ ntegrated LM Integrated LM Type E l System Elements User Elements e 10f1 1 Of 1 m E System Elements x 7 UserElements Type GetLatest e n t S U Formulas Fields Formula Rate D Maker Date Time E Checker sS Date Time Mod No Record Status Authorization Status n addition to specifying how the SDEs and UDEs are connected through the formulae you also define certain other attributes for a rule using the Interest and Charges Rule Maintenance 9 1 ORACLE screen You can invoke this screen by typing ICDRUMNT in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button interest amp Charges Rule Maintenance El New amp Enter Query System Elements User Elements 1 Of 1 F 1 Of 1 7 System Elements x F UserElements Type GetLatest Rule ID App
163. ediary Details Intermediary Required Intermediate mori ml intermediarm Code Intermediary Descripi m Enable Reverse Sweepin interest Charges Linkedmntties Rest MIS Statement LBL DENM DEFOSIT Here vou can capture the following details Branch Code The system displays the branch code of the sign on branch If you have multi branch access rights the svstem will displav a screen where vou can select the branch in which TD should be created Customer No Specifv the customer identification CIF for whom vou are creating a TD The adjoining option list displavs all valid CIF maintained in the svstem Vou can choose the appropriate one Customer Name The svstem displavs the name of the customer based on the CIF specified Term Deposit Account Number Account numbers can either be generated automaticallv or vou can choose to allocate them manuallv If vou have enabled auto generation of customer account numbers at the bank parameters level the svstem will create a unique reference number to identifv the TD account and displav it here on pressing the P populate button 41 ORACLE In case of manual number allocation specify a unique account number In case of a child TD creation as part of payout of parent TD the number will be automatically generated Term Deposit Currency Specify the currency of the TD A list of all the currencies maintained in the system is displayed in the available option
164. efining special conditions is displayed in this field Account The account number of customer for which you are defining special conditions is displayed in this field Calculation Account Specify the account for which interest will be calculated The TD account populated will be the calculation account TBy default it will be same as the customer account However you can change it a ORACLE Interest Booking Account You can select the account for booking interests on transaction processed at your bank At the time of creating an IC product if you have maintained the booking account type as Interest in the Interest and Charges Product Definition screen the Interest will be liquidated into the Interest Booking account By default the TD account is defaulted as the interest booking account However you have the option of booking interest to a different account belonging to another branch also The accounts maintained in the selected Booking Branch will be available in the adjoining option list You can select the appropriate account Interest will then be liquidated into the selected account Charge Booking Account You can select the account for booking charges on transactions processed at your bank At the time of creating an IC product if you have maintained the booking account type as Charge in the Interest and Charges Product Definition screen the charge will be liquidated into the Charge Booking account
165. em displays overdue days in case payment is overdue Viewing Accounting Entries Click Events button in the Recurring Deposits Payment Input screen and view accounting entries Specifying UDF Values All User Defined Fields UDFs linked to the function ID ICDRDPMT are displayed in the User Defined Fields screen Invoke this screen by clicking Fields button on the Recurring Deposit Payment Input screen User Defined Fields Field Name x Value Description Here vou can specifv values for each UDF Refer the User Manual titled User Defined Field for details about defining UDFs Click Fields button on the TD Accounts Maintenance screen and invoke the User Defined Fields screen T ORACLE Viewing Payment Summary You can view summary of all RD payments using the Recurring Deposit Payment Summary screen To invoke this screen type ICSRDPMT in the field at the top right corner of the Application tool bar and click the adjoining arrow button amp Recurring Deposit Payment Summary cCA Search Cf Advanced Search 49 Reset 4 Clear All Case Sensitive Authorization Status Record Status Branch Code az RD Account Number al Payment Branch Code la Payment Currency a Product Code az Transaction Date E gt Records per page 15 v 10f1 2 Authorization Status Record Status
166. en by default this option is selected If you select this option then the following are applicable The value of Original Tenor of the deposit account is considered as the Rollover Tenor during deposit rollover During opening or modification within the term of the deposit if you change the defaulted value for Rollover Tenor from Account Tenor to Account Class Tenor then on save system displays the override message Re pick up Account Class Tenor on Rollover restrictions at account class will be ignored Onsave system updates the Next Maturity Date with the sum of maturity date and original tenor of the deposit e Independent Tenor Select this option to provide a different tenor rather than default from account class or account tenor On selecting this option you can specify the a ORACLE Rollover Tenor in years months and days combination The tenor should be specified within the minimum and maximum tenor limits maintained at the account class level If it is not within the minimum and maximum limit then the system will display an error message Rollover tenor does not fall in the range of minimum and maximum tenor allowed The rollover tenor for independent tenor should not be null On save system updates the Next Maturity Date accordingly Note System validates that the rollover tenor is within the minimum and maximum tenor allowed for the account class
167. entered manually Click Generate button The system will generate the deposit advice The advice can be viewed on clicking the Print button Message FF New E3 Enter Query Reference Number Receiver Sender DCN Message Type Version Number SWIFT Message Type Message Remarks Reason for Rejection Message Trailers You can view the advice using the Outgoing Message Browser Summary screen MSSOUBRS 6 33 ORACLE 6 8 2 Capturing Denominated Certificates Details If the TD account selected is a denominated deposit then this tab is enabled Term Deposit Certificate Account Number Branch Code Account Description Account Currency Term Deposit Amount Regular Deposit Denominated Certificates Certificate Allocation Pending Amount Rollover Issue Auto Generate Certificate Number 1011 zz FI DenominationID Denomination Description Denomination Value Stock Catalog Code Series Number Availabili Certificate Allocation Details The following details are captured here Certificate Allocation Pending Amount This indicates the amount for which the certificate is vet to be allocated Certificate Allocation Pending Amount Term Deposit Amount Certificate Allocated Amount Rollover Issue Check this box if the certificate is generated for a rolled over term deposit Note This is applicable only if the deposit is rolled over Auto Generate Certificate Num
168. er than the defaulted value System validates the same on click of Populate button by verifying whether the number of units for each denomination are less than or equal to the selected units during opening using STDCUSTD or TDMM screens Note The number of units entered is validated with the Availability field Total Amount The system computes the denomination value by multiplying the denomination value with the number of units Certificate Start No This indicates the certificate start number This is auto generated if the box Auto Generate Certificate Number is checked If the Auto Generate Certificate Number is not checked then you have to key in the Certificate Start Number Certificate End No This is auto generated if the box Auto Generate Certificate Number is checked else it gets defaulted based on the value provided at Certificate Start Number and Units field Certificate End Number Certificate Start Number Units Once the above specified details are entered you have to click the Populate button On click of the Populate button the Certificate Allocation Pending Amount Certificate Allocated Amount and Number of Certificates for the Deposit fields are displayed Certificate Allocated Amount This indicates the sum of Total Amount field 8 89 ORACLE 6 8 3 6 9 6 10 Number of Certificates for the Deposit The total number of certificates for the term
169. er the following heads Header of the report The header of the report contains the following information Field Name Field Description Branch Current Branch Code and branch Name Branch Date Current Branch Date Run Date amp Time Current Run Date and Time User ID Operator generating the Report Module Module of the Report Page No Page No of the Report Body of the report The generated report will have the following information Field Name Field Description Product Code This indicates the product code and list TD accounts renewed under it Product Title This indicates the product title Account Number This indicates the TD account Number Customer Name This indicates the name of the customer Customer Number This indicates the customer number of the renewed TD Deposit Currency This indicates the currency of the deposited amount TD Opened Date This indicates the term deposit opened date Value Date This indicates the Value date of TD account Interest rate This displays the interest rate of the account Deposit Amount This indicates the Deposit Amount Period of Deposit This indicates the TD renewal Period Due Date This indicates the Maturity date or renewal of the TD account Total Interest Pay This indicates the Interest Amount This will show interest amount on the maturity date Maturity Value This displays the maturity amount as per new calculation Interest Rat
170. erence Number Account Currency Overrides o Confirmed Override Text Note The accounting entries for redemption renewal are passed only on authorization Viewing TD Redemption Details You can view the details of TDs redemption using the Term Deposit Redemption Input Summary screen Gar ORACLE To invoke this screen type ICSREDMN in the field at the top right corner of the Application tool bar and click the adjoining arrow button Redemption Reference C Advanced Search Reset Number Parent Account Maker ID Authorized Records per page 15 v 10f1 Redemption Reference Number Branch Code Parent Account Branch Code Customer ID Checker Id Contract Status Customer ID Maker ID Checkerld Authorized You can query on records based on any one or all of the following criteria Authorization Status Record Status Redemption Reference Number Branch Code Account Number Transaction Date Click Search button The system identifies all records satisfying the specified criteria and displays the following details for each one of them Authorization Status Record Status Redemption Reference Number Branch Code Account Number Transaction Date Customer Id Account description Redemption Amount Action Redemption By Currency Redemption Mode Bank Narrative Savings Narrative GL Narrative 6 28 ORACLE 6 6 6 7
171. escription Currency Special Condition Only LBL RATECHNC Here you can specify preferences for profit calculation and application on the accounts to which this product is applied Account Details You can indicate the TD accounts on which this product should be applied Account Class Specify the account class of Deposit type that you have maintained for creating TDs The adjoining option list displays all valid account classes maintained in the system You can select the appropriate one All TDs created under this account class will inherit the interest parameters as maintained in this screen oat ORACLE Note that you should not link the same account class to multiple IC products One deposit account class should be linked only to one interest product Currency Specify the currency here You can book deposit accounts in the currency and account class combination specified at the IC product level The system defaults the interest product to account at the time of booking if the account class with the currency combination is linked to the IC product Special Condition Check this box to calculate interest If Special Condition is checked then the product is defaulted while booking the deposit account Note A TD account class should be linked and opted with Special Condition flag in atleast one product otherwise booking of TD will be restricted with the error message as follows Speci
172. ess of domicile of the nominee You can enter the address in four lines You can specify a maximum of 105 alphanumeric characters in each line Minor Check this box if the nominee is a minor Guardian Name If the nominee is a minor specify the name of the guardian Relationship Specify the relationship of the guardian with the minor Address 1 to 4 Specify the address of domicile of the guardian You can enter the address in four lines You can specify a maximum of 105 alphanumeric characters in each line Dual Currency Deposit Click Dual Currency Deposit tab on the Deposit Account Booking screen The following tab will be displayed TD Accounts Maintenance New Enter Query Branch Customer No Pay In Option Term Deposit Account Customer Name Pay in By Others I Number Term Deposit Currency SD User Reference Account Class Clearing Type Cheque Instrument No Cheque Date Drawee Account Number Routing No Main Nominee Check List JBITEJKET l Ue A BI ei Dual Currencv Deposit Linked Currencv Currency Option Product Option Contract Reference Exchange Rate Linked Currency Settlement Account Linked Currency GL Fixing Days Yield Enhancement Inception Fair Value Interest Charges LinkedEntities Restrictions MIS Statement JointHolders Fields AccountSignatory TD Pavout Details Statistics Interest Payout Details RolloverHistory Documents LBL_DENM_DEPOS
173. etails Branch Code The system displays the branch code Account No The system displays the TD account number When you click Populate the new child TD number is computed automatically for payout through TD Customer Number The system displays the customer number However you can change it Currency The system displays the TD currency BID ORACLE 6 4 3 Account Class Specify the account class from which the interest and deposit should be picked up If you have selected the Account Class option then you have to specify the Account Class Else you can leave it blank Account Account Class Indicate whether the interest and deposit should be picked up from the parent account TD account or from the account class The options available are Note If you select the option Account then on clicking P button the system will default the interest and deposit details from the parent TD account If you select the Account Class option then on clicking P button the system will default the interest and deposit details from the account class selected Cheque DD Details Tab Click Instrument Details tab on the Term Deposit screen and invoke the following screen Here you can capture details of the banker s cheque by which the TD needs to be redeemed You need to maintain these details if you have selected Payout Option as Banker s Cheque or Demand Draft
174. ever by default the system displays the current application date To Date Enter the TD accounts which are closed till this date However by default the system displays the current application date Include Subordinates The relationship managers can generate the reports for the customers who are associated with their subordinate RMs Choose one of the following options e Yes Select this to include the customers assigned to your subordinate RMs e No Select this to generate the report only for the customers assigned to you excluding the customers assigned to your subordinate RMs 19 17 ORACLE 10 10 1 Choose the appropriate one Click OK button to generate the report Click Exit to return to the Reports Browser Contents of the Report The parameters specified while generating the report are printed at the beginning of the report The contents of the report are discussed under the following heads Header of the report The header of the report contains the following information Field Name Field Description Branch Current Branch Code and branch Name Branch Date Current Branch Date Run Date amp Time Current Run Date and Time User ID Operator generating the Report Module Module of the Report Page No Page No of the Report Body of the report The generated report will have the following information Field Name Field Description Accou
175. f redemption date then the difference amount needs to be recovered from the interest booking account This is applicable to partial and full premature redemption of term deposits The following override message is displayed to the authorizer only during authorization Generating or Printing a TD Certificate Once a denominated deposit is opened the certificates and duplicate deposit advice can be printed using the Term Deposit Certificate screen You can also do a partial printing of denominated deposit certificates i e print few certificates at one point of time and the balance certificate later 6 30 ORACLE To invoke Term Deposit Certificate screen type ICDBADHC in the field at the top right corner of the Application tool bar and click the adjoining arrow button Term Deposit Advice New Advice Customer Account Number No of Advices Generated Stock Catalog Code o Rolloverlssue Certificate Number o Mark As Duplicate o Auto Generate Certificate No You need to specify the following details Advice Account Number Specify the account for which you want to generate an advice The adjoining option list displays all valid accounts maintained in the system You can select the appropriate one Account Description The description of the selected account number is defaulted here Term Deposit Amount The deposit amount of the selected TD account is defaulted here Branch Code
176. f the report The generated report will have the following information Field Name Field Description Customer ID This indicates the customer ID Customer Name This indicates the customer name Deposit Account Number This indicates the deposit account num ber Account Description This indicates the account description Account Branch This indicates the account branch Account Currency This indicates the account currency Deposit Amount This indicates the deposit amount Deposit Tenor This indicates the deposit tenor Deposit Maturity Date This indicates the deposit maturity date Account Open Date This indicates the account opening date Account Class This indicates the account class Generate Advice Indicates whether the advice should be generated or not 10 15 TD Account Maturity Date not Adjusted Report This report displays the list of term deposit for which the maturity date is not adjusted and falls on a holiday due to the following reasons e Blocks exist in the deposit account e Breach in minimum tenor e Breach in maximum tenor 10 27 ORACLE You can generate this report using the Term Deposit Maturity Date Not Adjusted screen You can invoke this screen by typing TDRMDFOH in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button Term Deposit Maturity Date Not Adjusted Branch Code Branch Description Customer Customer Na
177. f there are more than one notifications or reminders of the same message type for which the notification schedule date falls on the same day for the same account a single notifi cation will be sent which will have the details of all the related documents Remarks 1 to 10 Specify the additional information if required Capturing Additional Details You can capture additional details for the account by clicking the following buttons in the Deposit Account Booking screen Button Function Interest This invokes the IC Special Conditions Maintenance screen Charges This invokes the Account level charges conditions screen Linked Entities This invokes the Linked Entities screen Restrictions This invokes the Products and Transaction Codes Restriction screen 4 24 ORACLE 4 2 MIS This invokes the Management Information System screen Statement This invokes the Statement Details screen Joint Holders This invokes the Linked Entities screen Fields This invokes the User Defined Fields screen Account Signatory This invokes the Signatory Details screen TD Payout Details This invokes the Term Deposit Payout Details screen Statistics This invokes the Account Statistics screen Interest Payout Details This invokes the Interest Pay out Details screen Rollover History
178. f whether lien is marked or not You have an option to print and view the report in PDF HTML RTF or Excel format 10 1 ORACLE 10 2 1 You can invoke Customers Fixed Deposit screen by typing TDRFIDEP in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button Customers Fixed Deposit Report Customer Number Report Format PDF Printer At Client Report Output Print Printer Specify the following details here Customer Number Select the customer number from the adjoining option list The list displays all valid customer codes On failure to provide the value the report fetches records for all available customers and accounts across the branches Click OK button to generate the report Click Exit to return to the Reports Browser Contents of the Report The parameters specified while generating the report are printed at the beginning of the report The contents of the report are discussed under the following heads Header of the report The header of the report contains the following information Field Name Field Description Branch Current Branch Code and branch Name Branch Date Current Branch Date Run Date amp Time Current Run Date and Time User ID Operator generating the Report Module Module of the Report Page No Page No of the Report Body of the report The following detail block elements are di
179. f you have modified this then during save the system will prompt that Continue variance on Rollover Flag is modified You can proceed Check this box to enable continued variance on rollover If you check this then the system will default account variance as current value to the rollover deposit for the next cycle If you do not check this then the account variance will not be carried forward to next rollover cycle Interest Rate Based on Cumulative Amount Check this box to indicate that the system should arrive at the interest rate of a new deposit using the deposit amount principal balance of other active deposits under the same account class customer and currency The cumulation of the amount for arriving at the interest rate is done at the account level during the save of the below events e Deposit account opening e Any interest rate change to the deposit floating rate deposits rate change on interest liquidation and rate change on rollover Note When cumulating the amount of the deposits system considers the current deposit balance of all the deposits along with the new deposit amount 4 ORACLE TD accounts opened after the interest start date will not be considered for arriving at the cumulation amount For backdated deposit opening all the active deposits as of the current system date are considered to arrive at the cumulative amount if the Interest Rate Based on Cumulative Amount bo
180. faults the following fields Account Branch The system displays the branch code in which the account is maintained on click of New button By default the current branch code is displayed Account Description The system displays the description of the account Account Currency The system displays the currency of the term deposit account Customer Name The system displays the customer name based on the account number selected Customer Name The system displays the customer name based on the customer Id Current Deposit Details Principal Balance The system displays the current principal amount of the deposit Interest Start Date The system displays the date from which the interest is applicable for this deposit Maturity Date The system displays the maturity date of the existing term deposit Maturity Amount The system displays the maturity amount of the term deposit Account Balance The system displays the current balance available in the deposit account Interest Rate The system displays the rate of interest of the current deposit Interest Paid Out The system displays the interest paid out till date in the term deposit account Tax Collected The system displays the amount of tax collected till date in the term deposit account Deposit Tenor Years The system displays the tenor of the existing deposit in years Months The system displays the tenor of the existing deposit in months Days The sys
181. following details User Defined Element ID Specify the UDE ID for the account UDE Value Specify the values for a UDE for different effective dates for an account When interest is calculated on a particular day for an account with special conditions applicable the value of the UDE corresponding to the date will be picked up Rate Code Specify the rate code for the account Variance Specify the variance in the interest rate This is the variance alone The effective rate will be the sum of the TD rate code and the variance that you specify here This value can be modified at any point of time Interest Rate Based on Cumulative Amount Check this box to indicate that the system should arrive at the interest rate of a new deposit using the cumulative amount of other active deposits under the same account class customer and currency The cumulation of the amount for arriving at the interest rate is done at the account level during the save of the below events 6 21 ORACLE 6 4 7 e Deposit account opening e Any interest rate change to the deposit floating rate deposits rate change on interest liquidation and rate change on rollover Note When cumulating the amount of the deposits system considers the current deposit balance of all the deposits along with the new deposit amount TD accounts opened after the interest start date will not be considered for arriving at the cumulation amount For ba
182. for Term Deposits Account level charges conditions Account Details Branch Account Default Product Details Product Code Description Currency Minimum Maximum Free Items 7 Waive Charges Open List of Slab Amounts 1 Of 1 m Slab Amount x Charge Amount You can specify the following details Branch Code The Branch Code to which the account belongs for which vou are defining special conditions is displaved in this field Account The Account number of customer for which vou are defining special conditions is displaved in this field You can click the Default button to default the Charge Products and the corresponding details applicable for the account Vou can then modifv these values to define the special conditions Specifving Product Details Specifv the following details Product Code The svstem defaults a product when vou click the Default button at the time of account creation Vou must modifv it to identifv the Charge product using which the applicable charges would be collected Currencv The charges would be collected in the currencv defined for the selected charge product and this currencv is displaved on the screen 9p ORACLE 5 4 Minimum and Maximum You must indicate the charge amount range representing the minimum and maximum charge that can be applied for the account Free Items You must indicate the number of free items for which the cu
183. for selection e Issued e Lost damaged e Re denominated e Modified e Duplicate e Rollover Issue Note Only valid certificate status which are allowed to be modified manually will be available in the drop down Status Change Date The status change date is defaulted here Status Change Reason Specify the reason for status change of the certificate You can enter up to 225 characters Bulk Status Change Select the appropriate bulk status change option from the drop down list e Modified e Issued e Lost damaged e Re denominated e Duplicate e Rollover Issue Note Only valid certificate status which are allowed to be modified manually will be available in the drop down 958 ORACLE Bulk Status Change Reason Specify the reason for status change of the certificate You can enter up to 225 characters Click Populate button System calculates and displays the following details Denomination Allocation Pending Amount This indicates the amount for which the denomination is yet to be allocated Certificate Allocation Pending Amount This indicates the amount for which the certificate is yet to be allocated Term Deposit Amount This indicates the deposit amount Deposit certificate statuses are available for modification as detailed below Certain status changes are based on occurrence of events on the term deposit account opened due to unsuccessful pay in transaction Current Status
184. g Date Branch Code Report Format v Printer At Client Report Output Printer Specify the following details here Processing Date Select the date on which the report has to be processed from the adjoining calendar button Branch Code Select the branch code for which the report needs to be generated from the adjoining option list The list displays all valid branch codes You have an option to select all the branches or a single branch For the selected branch currency wise the deposit amount and number of deposits for previous month and current month are displayed along with the cost Contents of the Report The parameters specified while generating the report are printed at the beginning of the report The contents of the report are discussed under the following heads Header of the report The header of the report contains the following information Field Name Field Description Branch Current Branch Code and branch Name Branch Date Current Branch Date Run Date amp Time Current Run Date and Time User ID Operator generating the Report Module Module of the Report Page No Page No of the Report 198 ORACLE 10 6 Body of the report The generated report will have the following information Field Name Field Description Currency This indicates the account currency No of Deposits Displays the currency wise number of deposits for a branch for the previous month
185. g and accounting and tracking of unclaimed deposits are completely automated This means your staff with the treasury department can remain focused on customer service e Multi Mode Pay in TD can be funded using multiple pay in modes You can choose any combination of the following pay in modes Pay in by transfer from GL Pay in by Savings Account a ORACLE 2 2 2 Pay in by Cash Only from Savings module Pay in by Cheque Multi Mode Pay out In case of automatic and manual redemption a TD can be redeemed using multiple pay out modes You can choose any combination of the following pay out modes Pay out by Banker s Cheque Pay out by funds transfer to any account specified by the customer Pay out by child TD creation wherein another TD is created using the maturity amount Pay out by transfer to GL Pay out by cash Only from Savings module Pay out by Demand Draft Pay out by PC Simulation The TD module offers a simulation tool wherein a TD can be simulated to enhance sales and service aspects to new existing customers You can also generate a TD Certificate Pre requisites for TD Processing To handle a term deposit in Oracle FLEXCUBE you need to o ONO a F wD gt Set up a suitable account class Set up an IC rule Set up a suitable IC product Maintain UDE Account Class combination Define IC rates Define floating interest rates Maintain
186. ge of the amount that be rolled over Offset Branch The svstem populates the branch code of the account from which fund is transferred to TD account This field returns the branch code if the account is selected and NULL is returned if GL is selected a ORACLE 5 11 6 1 5 11 6 2 Account Specify the account number GL from which the fund is transferred to TD account If it is Pay In mode in GL then the system displays only GL s and if the Pay In mode is Account then only accounts are displayed in the option list Narrative Specify remarks about the transaction Specifying Pay out Parameters for Child TD Click Payout Parameters button on the Term Deposit Interest screen and invoke the Payout Parameters screen Here you can specify pay out preferences for the child TD Payout Parameters EEUL IENO Ie PC Cheque Details Currencv Bank Code Payable Branch Beneficiary Details Beneficiary Address Beneficiary Name PassporviC Number Narrative This screen comprises two tab viz e Bankers Cheque e PC Bankers Cheque Tab for auto pay out of Child TD By default this tab is displayed on invoking the screen You need to capture the following details in case you want to redeem the child TD using a banker s cheque Cheque Details Specify the following details Bank Code Specify the bank code of the Bankers cheque Currency Specify the currency in which the cheque is drawn
187. ging from one year to five years This scheme is meant for investors who want to deposit a fixed amount every month in order to get alump sum after some years The small monthly savings in the Recurring Deposit scheme enable the lender to accumulate a handsome amount on maturity Interest at TD rates is computable on monthly or quarterly compounded basis Dual Currency Deposit DCD is a short term currency linked deposit that allows the lender to earn a higher interest rate than regular TD The bank provides the customer lender with a yield enhancement over and above the normal TD rate In return the bank has the right to convert the deposit currency into a linked currency at the pre determined conversion rate on the fixing date The fixing date may be few for instance 2 working days prior to deposit maturity Thus at maturity the lender shall receive the principal and interest in either the deposit currency or the linked currency whichever is weaker In other words while taking the deposit the bank also buys a currency option from the depositor and the enhanced interest is the premium the bank pays for this option Term Deposit in Oracle FLEXCUBE In Oracle FLEXCUBE you can create and service a deposit TD RD and DCD either through the TD module or by using the Savings Teller Branch module Salient Features The salient features of TD module are listed below e Automation Accounting collateral tracking rollover handlin
188. gs z Principal interest Renewal Amount Tax Deductions Maturity Amount Tenor Years APY Months Days Maturity Date Interest Rate Based on Cumulative Amount Continue Variance on Rollover Interest Liquidation Details 101 3 Date Interestamount Principal Balance A Clear Renew Deposit The rollover simulation can be done on any date before the maturity date of the deposit but only the matured and unclaimed deposits which are in a grace period can be renewed using the Rollover Simulation screen If the user instructs to renew the deposit before the maturity date from simulation screen then the system displays an error message as Only matured accounts can be renewed Specify the following details Existing Deposit Details Account Number Specify the existing term deposit account number The adjoining option list displays all the account numbers for which the top up is allowed at the account class level Select the appropriate one Click the P button The system validates the account number and defaults the following fields 6 30 ORACLE Account Description System displays the description of the account Account Branch The system displays the branch code in which the account is maintained on click of New button By default the current branch code is displayed Custom Number The system displays the customer number Customer Name System displays the customer name based on the customer Id
189. h will be available in the option list provided for Interest Charge Booking Account You can select the account from this list Interest Charge will be liquidated into the selected account Consolidated Charge Branch Select the charge booking branch from the option list available You have an option of booking interest charge to a different account belonging to another branch The accounts maintained in the selected booking branch are available in the option list provided The system liquidates the Interest Charge into the selected account Product Code Specify the product code UDE Currency Specify the UDE currency for the product that you apply on the account UDE values that you specify for the account subsequently will be taken to be in this currency Generate UDE Change Advice Check this box to generate the UDE change advice Waive Charge This box is unchecked by default However you cannot waive charge on a TD Leave this box unchecked Open Check this box to make the product applicable again More than one product may be applicable on an account class at the same time You can temporarily stop applying a product on an account class by closing it You can achieve this by un checking the box Open The product will cease to be applied on the account class Continue Variance on Rollover This is defaulted based on the Interest and Charges product However you can modify this If you have modified this then during sav
190. hecked waiver not applicable the Waive Interest check box in the Term Deposits Redemption Input screen ICDREDMN The system sets the value of this SDE to 1 if you have checked the Waive interest check box waiver applicable v2 ORACLE 9 2 1 Use the SDE CUMAMT for base amount to arrive at the interest rate This SDE can be used in the formula conditions in IC Rules so as to apply the Interest Rate Based on Cumulative Amount flag For deposits with non cumulative amount options this SDE will be the current deposit amount For details about the screen refer the chapter Maintaining Interest Rules in the Interest and Charges User Manual You can maintain rules for the following Capitalized Deposit with Penalty TD with Normal Tenor and Penalty Recurring Deposit Rule Rate Chart Allowed with Penalty Discounted TD with Penalty Capitalized Deposit with Penalty Specify the following details On Account Opening Month Check this box On Account Closure Month Check this box SDE Maintain the following SDEs UDE Maintain the following UDEs Type DAYS DAYS_FROM_START DEPOSIT_AMOUNT PENALTY_APPLY PENALTY_BASIS TENOR YEAR TAX_RATE TD_1 TD 2 To 3 TD_PNL For each of the UDEs select the option Rate from the adjoining drop down list Get Latest For each of the UDEs select the option Use Effective from the adjoining drop down list ORACLE Click Formulas b
191. ield Description Branch Current Branch Code and branch Name Branch Date Current Branch Date Run Date amp Time Current Run Date and Time User ID Operator generating the Report Module Module of the Report Page No Page No of the Report Body Field Name Field Description Customer ID Customer number Account Title Account class description Account No TD account number Account Currency TD account currency Tax Type IC rule description TDS Date Tax deduction date Interest in Account Currency Interest in account currency Tax Deduced in Account Currency Tax deducted in account currency Interest in Local Currency Interest in local currency Tax in Local Currency Tax in local currency 10 31 ORACLE 10 17 10 17 1 Term Deposits Exceeding Lien Limits Report You can generate a report of term deposits exceeding the lien reports using Term Deposits Exceeding Lien Limit screen To invoke the screen type STRLELMT in the field at the top right corner of the application toolbar and click the adjoining arrow button Term Deposits exceeding Lien Limit Branch Code Branch Name Customer Customer Name Include Subordinates Report Format Printer At Client Report Output Printer Specify the following details Branch Code Specify the branch code for which you are generating the report The option
192. ificate format click the Generate Certificate button on the Customer Accounts Simulation screen 640 ORACLE 6 13 2 To view the details of the certificate generated for the simulated account click the View Certificate button on the Customer Accounts Simulation screen The following details are displayed e The Document Certificate Number e The account branch e The reference number e The report Module e The contents of the message To procure a hard copy of the certificate click Print The generated certificates are also available through the Messaging browser Messaging archival or purge action determines the storage or removal of these certificates from the Application Browser Specifying Interest Details for Simulated Account To specify the interest and charge related details of the term deposit account click the Interest button The screen is as shown below LBL_IC_SP_COND_MAINT HDE Interest Start Date Account Details Charge Start Date Interest Booking Branch az Charge Booking Branch az Dr Cr Advices Branch Account Calculation Account Interest Booking Account Charge Booking Account _ Interest Statement Product Details F Waive Product Product laz E Generate UDE Change User Defined Element Advice Currency Open ILM Product
193. ight corner of the Application tool bar and clicking on the adjoining arrow button TD Account class summary Branch Code ReportFormat PDF Printer At Client Repor Output Print Printer Branch Code Specify the branch code The system will generate the TD account class summary report for the branch code that you have selected Contents of the Report The parameters specified while generating the report are printed at the beginning of the report The contents of the report are discussed under the following heads Header of the report The header of the report contains the following information Field Name Field Description Branch Current Branch Code and branch Name Branch Date Current Branch Date Run Date amp Time Current Run Date and Time User ID Operator generating the Report Module Module of the Report Page No Page No of the Report 19 13 ORACLE Body of the report The generated report will have the following information Field Name Field Description GL Type This indicates the GL Type GL Code This indicates the GL Code CCY This indicates the currency for the respective GL Account Class Code This indicates the Account Class code Account Class Name This indicates the account class name Total Accounts This indicates the Total Accounts Maturity Amount This displays the maturity amount as per new calculation Principal Balance This
194. in details of the cheque entered in the Main tab will be automatically displayed in the Pay in Details multigrid You cannot modify it The pay in option will be read only after the TD account number is populated Pay in option as cheque is not applicable to discounted TDs If the pay in option Cheque is selected you must specify the following details Cheque Instrument No Specify the cheque instrument number Cheque Date Specify the date of issue of the cheque 2 ORACLE Clearing Type Specify the clearing type for the transaction The adjoining option list displays a list of the outward clearing products maintained in the system You can select the appropriate one The cheque clearing happens based on the clearing product specified Drawee Account Number Specify the drawee account number Routing No Specify the Routing number Details maintained in this screen are classified into the following tabs Main Here you maintain the main attributes of the TD like the account num ber customer code the account class account currency type of account single or joint account status etc Nominee Here you can capture nominee details for the TD Check List In this tab you can maintain the details such as documents required for opening a TD expected date of submission expiry date and notifica tion reminder frequency You can also upload the documents from this tab Dual Currency I
195. in years _TENORM __ Tenor Term in months _TENORD _ Tenor Term in days _VDATE_ Opening date _CCY_ Currency _XRATE_ Applicable Rate _APY_ Annual Percentage yield _INTAMT__ Interest Amount _SPLCCY __ Interest Amount currency _INTAMTWOR Interest Amount in words D_ _TAXAMT Tax Amount _SPLCCY Tax Amount Currency _TAXAMTWO Tax Amount in words RD _MATAMT_ Maturity Amount MATAMTWO Maturity Amount in words RDS_ _CCY_ Maturity Amount currency _MDATE_ Maturity Date _TDATE_ TD Booking date _INTCUM Interest Rate Based on Cumulative Amount _BASEAMT _ Base Amount for Arriving at Interest Rate ORACLE 8 5 6 TD Renewal Simulation Advice This advice will be generated for renewal and simulation of term deposit A message type TD REN SIM will be used Advice Tag Description BRANCH Code of the branch where Account is to be held _BRNAME _ Name of the branch where Account is to be held _ BRADDR1_ Branch address line 1 _ BRADDR2_ Branch address line 2 _ BRADDR3_ Branch address line 3 _ACLASS _ Account Class _ ACLASSNAME _ Account Class Name _CUSTID_ CIF ID _CUSTNAME _ Customer name _ADD1_ Customer address 1 _ADD2_ Customer address 2 _ADD3_ Customer address 3 _ADD4_ Customer address 4 _TERMDEPAMT _ Account Balance _TDACNO _ Term Deposit Account Number _VDATE_ Opening date _CCY_ Currency _XRATE_ Appli
196. indicates the Principal Balance in the accounts Interest Accrued This indicates the Interest Accrued for the accounts Following elements will be displayed for Totals Field Name Field Description Principal Balance This indicates the total Principal Balance of the accounts Interest accrued This indicates the total Interest accrued for the accounts 10 9 Term Deposits Opened for the Period Report This report list the term deposit accounts which are opened for the given period and that are currently on open status You can generate this report using TD Account Opened Report screen by typing TDROPEN in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button TD Account Opened Report From Date To Date Branch Account Class Customer ReportFormat PDF Printer At Client Report Output Print Printer 19 14 ORACLE 10 9 1 Specify the following details here From Date Enter the TD accounts which are opened from this date However by default the system displays the current application date To Date Enter the TD accounts which are opened till this date However by default the system displays the current application date Branch Specify the branch code of the TD account The adjoining option list displays the list of all the valid TD RD branch codes maintained in the system You can choose the appropriate one Account Class Spe
197. ing e Ason Opening date e As on Redemption date e As on Rate Revision Events Note By default As on Opening Date option is selected You can modify this only if there is no active accounts linked to the account class Top up of Deposit You can top up an existing Term Deposit by adding funds to the TD account You can allow or disallow top up and also define the top up block duration after opening date and top up block duration before maturity date The block duration are considered as calendar days based on the account branch holidays ou ORACLE Allow top up of Deposit Check this box to indicate that you can top up funds to an existing term deposit By default this box is not checked Block Duration after Opening Date You can specify the duration for which the term deposit top up has to be blocked after the account opening date The block duration after Opening date Days Months should not be greater than the max tenor at the account class Months Specify the number of months for which the term deposit top up has to be blocked after the account opening date Days Specify the number of days for which the term deposit top up has to be blocked after the account opening date Block Duration Before Maturity Date You can specify the duration for which the term deposit top up has to be blocked before the account maturity date The top up can be done any time before the maturity date i e in term of the
198. ing account When Amount block option is checked at the product level the amount block will be created on the TD account to the extent of the credited discounted interest This amount block will use the Hold Code which has Hold Type as Discounted TD in the Hold Maintenance screen This is to safeguard the bank from withdrawal of interest by the customer The amount block created automatically by the system can be manually removed in case of premature closure Only closure allowed on the amount blocks manually and amendment of these amount blocks is not allowed TD amount blocks will be available in the Amount Block Input screen ii ORACLE Note Though Close on Maturity is checked if any amount of a TD is blocked the TD will be forcibly rolled over on the maturity date However the maturity instruction on the TD ac count will not be altered Rollover Amount If a special amount is to be rolled over you have to specify the amount less than the original deposit amount in this field Rollover Tenor If Auto Rollover box is checked then indicate the rollover tenor for the TD account You can select one of the following options e Account Class Tenor If Re pick up Account Class Tenor on Rollover is set to Yes at the account class level then on selecting rollover the rollover tenor will be defaulted as account class tenor The default account class tenor is displayed as tenor in
199. ing roles on grace period end date of the term deposit account Move Principal to Unclaimed Check this field to move the principal amount to the unclaimed GL mapped at the IC product in the accounting roles and liquidate the interest amount to the interest booking account on grace period end date of the term deposit account Term Deposit Amount Specify the amount for which TD should be simulated Next Maturity Date On selecting the rollover for the TD account the system defaults the next maturity date from the previous tenor of the deposit Deposit Tenor The system calculates the tenor of the deposit account to the difference between Interest start date and Maturity date and displays it In case of change in maturity date the system changes the value of this field Rollover Type Indicate the components that should be rolled over by choosing one of the following options e Principal e Principal Interest e Special Amount Rollover Amount If a special amount is to be rolled over you have to specify the amount less than the original deposit amount in this field Term Deposit Pay in Option Indicate the method for initial funding during account creation Choose one of the following options e PAYIN BY GL e PAYIN BY CASH e PAYIN BY SAVINGS Offset Account Specify the account number GL from which the fund should transferred to TD account as part of simulation This field returns the branch code if the account is selected and NULL is
200. ion happens on an account The advices are generated in the existing SWIFT or and MAIL format No advices will be generated if you leave this box unchecked Charge Booking Branch By default the customer s account in the current branch will be displayed However you have the option of booking charge to a different account belonging to another branch also You can select the Charge Booking Branch from the option list available The accounts maintained in the selected Booking Branch will be available in the option list provided for Charge Booking Account Charge will be liquidated into the selected account Rate Chart Allowed The system defaults this preference from account class and it indicates that the system should calculate TD interest based on the LDMM float rate maintained in the LD MM Floating Rate input screen CFDFLTRI If it is checked the system will pick interest rates based on different tenors amount slab currency and effective date fora TD The system does not allow you to amend it Note During account creation for TDs if Rate Chart Allowed is checked the system does not allow IC rate code During IC calculation if the rate code is maintained for the UDE then the system derives the interest rate from the Rate Maintenance done in LD MM Floating Rate input screen CFDFLTRI Continue Variance on Rollover This is defaulted based on the Interest and Charges product However you can modify this I
201. ion list RD Account Number Specify the recurring account number for which the installments are to be collected The system displays the recurring deposit accounts that are in open and authorized status in the adjoining option list You can choose the appropriate one from this list Transaction Date The system displays the transaction date for which reversal is supposed to be initiated Auth Status The system displays the authorization status Contract Status The system displays the contract status Reversal of a payment transaction can be done from this screen When a transaction is reversed the system updates the contract status as V Reversed 19 ORACLE 8 Annexure A Accounting Entries 8 1 Accounting Entries and Advices for TD This Annexure lists the suggested event wise accounting entries that can be set up for the Interest and Charge product applicable for the TD module of Oracle FLEXCUBE 8 2 Events You need to set up the following events at the IC product for Deposit accounts Event Code Event Description DEBK Deposit Booking IACR Interest Accruals ILIQ Interest Liquidation IMAT Interest Maturity ROLL Discounted Deposit Rollover 8 3 Amount Tags The following amount tags are available Amount Tags Description IACQUIRED Acquired Interest Amount IACR Interest Accrual IACR_ADJ Interest Accrual Adjustments ILIQ Interest Liquid
202. ions contract has to be created in case of a Dual Currency deposit The adjoining option list displays all valid Options products with Product Type CO with the following features On saving the account class system validates the following to ensure that the currency option product selected here has the below features e Option product type is Currency options e Option Type is Call e Deal Type is Buy e Option Style is Plain Vanilla e Barrier is not allowed e Delivery type is Physical e Expiration Style is American Fixing Days Specify the number of days from TD maturity date before which the exchange rate has to be fixed On maturity the exchange rate at the time of booking and the exchange rate at the time of fixing date are compared to determine the currency in which TD amount should be settled Note You will be allowed to capture this value here only if the option Dual CCY Deposit is checked at the Account Class Maintenance screen You will be allowed to modify this val ue even after authorization Recurring Deposit Specify the following details for recurring deposits a7 ORACLE 3 5 3 Recurring Deposit Check this box to indicate that the account class is specific to recurring deposit Move Maturity to Unclaimed This box is unchecked and disabled for recurring deposits Move funds on Overdraft Check this option to indicate that the system should pass an overdraft in the payment ac
203. ired Check this box Rounding Required Check this box Click Formula Wizard button and invoke the Formula Wizard screen In this screen you need to maintain the following expression Case Result FORMULA1 PO FORMULA1 TAX_RATE 100 Formula for Discounted Interest Sample formula below DEPOSIT_AMOUNT TENOR RATE YEAR 100 DEPOSIT_AMOUNT System defined Element SDE for principal amount of the deposit TENOR SDE for tenor of the deposit ais ORACLE 9 2 4 2 RATE UDE for interest rate on the deposit YEAR SDE days in the year 360 365 366 Actual Formula for Interest Rate and Maturity Amount The following formula will be used to calculate interest rate and maturity amount during term deposit account opening Sample formula is given below Condition Formula DEPOSIT_AMOUNT gt 0 DEPOSIT_AMOUNT DAYS INT_RATE 100 YEAR Deposit Amount 15000 USD Deposit Booking Date 01 Jan 2011 Tenor 180 Days Interest Rate 9 Interest Amount 15000 9 180 365 100 665 75 USD Interest Rate and Maturity Amount after Rollover The example below shows how the interest rate and maturity amount are calculated after term deposit rollover Condition Formula DEPOSIT_AMOUNT gt 0 DEPOSIT_AMOUNT DAYS INT_RATE 100 YEAR Deposit Amount 10000 USD Deposit Booking Date 01 Jan 2011 Tenor 180 D
204. is month to the current day s system date Also you can view the accumulated interest associated with debit or credit transactions after the last liquidation To view the turnovers for the account click the Turnover button Nominee Tab Click Nominee tab on the Deposit Account Booking screen The following screen will be displayed TD Accounts Maintenance E New E3 Enter Query Branch Customer No Pay In Option Term Deposit Account Customer Name Payin By Others Number Term Deposit Currency SD User Reference Account Class Clearing Type Cheque Instrument No Cheque Date Drawee Account Number Routing No Main Check List Dual Currency Deposit Nominee Details Name Guardian Name Date of Birth Relationship Relationship Address 1 Address 1 Address 2 Address 2 Address 3 Address 3 Address 4 Address 4 M Minor Interest Charges LinkedEntities Restrictions MIS Statement JointHolders Fields AccountSignatory TD PayoutDetails Statistics Interest Payout Details RolloverHistory Documents LBL DENM DEPOSIT ChangeLog Maker Date Time Mod No Checker Record Status Date Time Authorization Status Specify the following details Name Specify the name of the nominee Date of Birth Specify the date of birth of the nominee 4 10 ORACLE 4 1 4 Relationship Specify the relationship of the nominee with the customer Address 1 to 4 Specify the addr
205. iseiec cece cactenciendeavecacccnshsnessncecvesaneesties 9 1 gT introductions nsee at eta ana id tah eins Mad ama eis Ted anata ine 9 1 9 2 IC Rule Maintenance 9 1 9 2 1 Capitalized Deposit with Penalty ccccccccceccceeeeeeneeeteceeeeeeeteeeetetseesnenees 9 2 9 2 2 TD with Normal Tenor and Penalty Lemna nn nn 9 5 9 2 3 Recurring Deposit Rule nn 9 8 9 2 4 Rate Chart Allowed with Penalty c nanna 9 10 9 2 5 UDE Value Maintenance nanna 9 16 9 2 6 TD with Capitalization ccccccccceeeeensnseceeeeeeeceeeeteceecnnecaesaeeeseeerteeteeneess 9 17 9 2 7 Normal TD with Simple Interest see 9 17 9 2 8 TAX RATE TD with Rate Chart Allowed we 9 17 9 2 9 Recurring Deposit Scheme e EEEE EEEE RER 9 17 9 3 IC Rates Maintenance ann 9 17 FREDOMES i i snes see esate eee cca 10 1 1021 IAthOGUCHON i xi cette a dan ee eee ra A ee eae 10 1 10 2 Customers Fixed Deposit Report 2s rt 10 1 10 2 1 Contents of the Report 10 2 10 3 TD Full Balance Listing Report nn nn n ne T 10 3 10 3 1 Contents of the Report 10 4 10 4 kate FD REPON iii i a ER iE 10 5 10 4 1 Contents of the Report 10 6 10 5 Deposit Detail Summary by Total Amount Report 10 7 10 5 1 Contents of the Report 10 8 10 6 Interest Paid REpOrt uii aa aa a a dab us halite bad Saba Mn aa eaaa aat 10 9 10 6 1 Contents of the Report 10 10 10 7 TD Statement of Accounts Report 10 11 10 7 1 Contents of the Report 10 12 10 8 TD Account Class Summary Repo
206. it Interest Rate System displays the interest rate applicable for the deposit based on the product amount tenor Tax Deductions The system displays the amount of tax that will be deducted from the gross interest amount Maturity Amount System displays the total maturity amount of the deposit i e Principal Interest earned after deducting tax 6 46 ORACLE Annual Percentage Yield System displays the annual percentage yield for the applicable interest rate Note For discounted TDs Annual Percentage Yield will display the applicable interest rate Interest Liquidation Details You can view the following details here Date System displays the date of interest liquidation Interest Amount System displays the net interest amount that will be earned and liquidated for the compounding period Principal Balance System displays the updated principal balance amount after adding net interest amount earned during the compounding period Note The data can be modified after or before simulation Click Clear button to clear the available data in simulation screen at any point of time Click on the View Print Advice button to view or print the simulation details BAT ORACLE 6 14 3 Creating Term Deposit Click Create Deposit button to create the term deposit Term Deposit Simulation El save Account Class 4 hal Term Deposit Currency kI C Pay la Opti
207. it Move Maturity to Unclaimed Move funds on Overdraft Minimum Schedule Days LBL_BLK_OPEN_MONTH LBL_BLK_OPEN_MONTHS LBL_BLK_OPEN_DAYS Installment Frequency Days Months Years Maximum Schedule Days LBL_CURWISE_MINMAX_AMT 10f1 Currency Min Amount lt m LBL_HOLIDAYMOVEMENT LBL_APPLICABLEDEPTENG Maximum Tenor Days Months Years LBL_BLK_MAT_MONTH LBL_BLK_MAT_MONTHS LBL_BLK_MAT_DAYS Dual Currency Deposit Linked Currency Currency Option Product Fixing Days Max Amou Minimum Installment Amount On the maturity date of a deposit you can opt to e Rollover the deposit e Liquidate the deposit e Move it to an unclaimed GL The values given here will be defaulted when the TD is opened You can modify defaulted values for each TD Auto Rollover You can opt to automatically rollover a deposit if it is not liquidated on its maturity date Check this box to automatically rollover deposits opened under the account class TDs that are open and marked for Auto Rollover will automatically be rolled over during the Beginning of Day operations on the Maturity date You can define the terms and conditions for the new deposit while maintaining the deposit account Close on Maturity Deposit accounts opened under an account class can be closed automatically on the Maturity Date of the deposit You can specify this for the account class you are maintaining by checking this box
208. it button Note Deposit redemption simulation can be initiated only for existing customers Option is available to simulate full redemption or partial redemption You can edit the input data for simulation both before or after the simulation You can simulate the redemption calculations for a denominated deposit After the simulation is completed you can redeem a deposit using the same parameters as entered during simulation If the redemption simulation is done with a future date then while you try to redeem the deposit by clicking the Redeem Deposit button system will display an error message Future Dated Redemption is not Allowed If there is any amount blocks available for the deposit it will be possible to perform the simulation However if you try to redeem the deposit by clicking Redeem De posit button then system will display an error message Deposit Cannot be Re deemed due to Amount Block 6 18 Deposit Audit Trail Inquiry The following new audit trail Inquiry will be provided to query the Audit Trail details of TD and RD Accounts You can query the audit trail details of a TD and RD accounts using Customer Account TD Audit Trail screen To invoke this screen type ACDAUDTR in the field at the top right corner of the Application tool bar and click the adjoining arrow button Customer Account TD Audit Trail FF New Enter Query Branch Code Account No Transaction From Date Transac
209. joining drop down list Debit Credit Select Credit from the adjoining drop down list Days in a Month Select Actuals from the adjoining drop down list Days in a Year Select Actuals from the adjoining drop down list Accrual Required Check this box Rounding Required Check this box Click Formula Wizard button and invoke the Formula Wizard screen a ORACLE Formula 1 Specify the following expressions Case Result TENOR lt 90 AND DLY_NET_BAL_M gt 0 AND PENALTY_BASIS 0 DLY_NET_BAL_M DAYS TD_1 100 YEAR TENOR gt 90 AND TENOR lt 180 AND DLY_NET_BAL_M gt 0 AND PENALTY_BASIS 0 DLV NET BAL M DAVS TD_2 100 VEAR TENOR gt 180 AND TENOR lt 730 AND DLY_NET_BAL_M gt 0 AND PENALTY_BASIS 0 DLY_NET_BAL_M DAYS TD_3 100 YEAR TENOR lt 90 AND DLY_NET_BAL_M gt 0 AND PENALTY_BASIS DLY_NET_BAL_M PENALTY_BASIS DAYS TD_1 TD_PNL 100 YEAR TENOR gt 90 AND TENOR lt 180 AND DLY_NET_BAL_M gt 0 AND PENALTY_BASIS DLY_NET_BAL_M PENALTY_BASIS DAYS TD_2 TD_PNL 100 YEAR TENOR gt 180 AND TENOR lt 730 AND DLY_NET_BAL_M gt 0 AND PENALTY_BASIS DLY_NET_BAL_M PENALTY_BASIS DAYS TD_3 TD_PNL 100 YEAR Formula 2 Specify the following details Book Flag Select Booked from the adjoining drop down list Debit Credit Select
210. justed based on the holiday treatment at account class level The tenor in ICDREDMN screen will remain the same after holiday adjustment On query from STDCUSTD after rollover Deposit tenor will be populated with the holiday ad justed tenor and original tenor with the actual tenor before holiday adjustment Days Specify number of days for the rollover of term deposit Months Specify number of months for the rollover of term deposit Years Specify number of years for the rollover of term deposit Note Note the following Onsaving the tenor the system displays the Maturity Date The system allows the rollover of the term deposit for the tenor which is less than the maximum tenor maintained at the account class level Next Maturity Date The system displays the new maturity date based on the given renewal period oN ORACLE Interest Rate Based on Cumulative Amount Check this box to indicate that the system should arrive at the interest rate of a new deposit using the cumulative amount of other active deposits under the same account class customer and currency The cumulation of the amount for arriving at the interest rate is done at the account level during the save of the below events e Deposit account opening e Anv interest rate change to the deposit floating rate deposits rate change on interest liquidation and rate change on rollover Note When cumulating the amount of the deposits
211. l deposit amount then the interest and penalty on partial redemption is calculated separately for top up amount from value date of top up till the partial redemption date and for initial deposit amount from the from value date of opening till the partial redemption date 3 7 4 Calculating Interest Rate during Pre Closure of a TD Oracle FLEXCUBE allows calculating Interest Rate during Pre Closure of a TD The system performs the following action during calculation on Pre Closure of the TD e It credits the TD balance to customer payout account and debits from TD account e It calculate the completed tenor of TD e It calculates the interest rates for the amount slab and completed tenor from the rate chart maintenance e Itrecalculates the interest from TD start date including pre closure period by considering the redemption amount and reduced tenor Then the system debits the customer account with the difference between already liquidated amount and newly calculated amount till the previous period of pre closure e Itreverses pays the amount re calculated based on the revised interest rate for the current period at the time of preclosure e Close the TD Note Note the following The system picks the floating rates at the time of booking rollover and pre closure only The system does not post any separate accounting entries for Penalty Penalty is deducted only if it is maintained at IC rule level The redempti
212. lass Transaction MIS Group For an account the transaction type of MIS class will be picked up from the account class Composite MIS Group The composite type of MIS class will be defaulted from those defined for the customer Cost Code For an account the cost codes will be picked up from the account class Viewing Change Log Click Change Log button on the Management Information System screen and invoke the Change Log screen If MIS reclassification occurs through changing of the MIS codes for the Customer Type of MIS classes the system will store the changes made in the Customer MIS Change Log screen Change Log Branch Account Change Log Details 1 Of 1 FI MIS Class Transaction Date x Old MIS Code New MIS Code Here you can view the following details Branch Code The current logged in branch code is displayed here Account The system displays the TD account number Change Log Details You can view the following details os ORACLE 5 6 2 e MIS Class e Transaction Date e Old MIS Code e New MIS Code Viewing Transfer Log Click Transfer Log button on the Management Information System screen and invoke the Balance Transfer Log screen When MIS reclassification occurs with respect to a customer account or contract the balances in a GL associated with the old MIS code in each case are transferred to the GL for the new MIS
213. lculates the interest for the remaining amount from TD Start date till last liquidation period by considering the remaining amount as TD balance and on the original tenor of TD is Amount 2 e Incase of TD payouts the system calculates the interest amount paid to the customer till date which is Amount 3 e Ifthe interest for the previous periods is already paid to the customer then the system debits the customer with the difference amount between already liquidated amount till oe ORACLE the last liquidation date and newly recalculated profit for redemption amount and remaining amount and debits customer with Amount3 Amount1 Amount2 e The system considers the balance amount after the partial redemption as the new TD with the original TD tenor e If top up is made to a TD account then on part full redemption the redemption amount is taken from the top up amount first LIFO order e The tenor for the redemption amount i e Reduced Tenor Completed tenor from the Top up date till the redemption date is calculated The tenor for the remaining amount will be the total tenor mat_date interest_Start date This tenor is applicable for the rate pickup in case of floating rates LDMM e Arriving at the interest rate for redemption amount and remaining amount will be based on the Premature Redemption Parameters chosen for Rate Chart Allowed Deposits e If redemption amount involves both from top up amount and initia
214. lect this the system displays the original tenor of the parent TD The tenor is represented in days months and years You cannot change this vee ORACLE e Independent tenor If you select this you can specify the tenor in terms of days months and years The default value of the independent tenor will be null The tenor should be specified within the minimum and maximum tenor limits maintained at the account class level The tenor months cannot be greater than 11 months and if tenor months is specified the tenor days cannot be greater than 30 days Years This indicates the number of years in the original tenor Months This indicates the number of months in the original tenor Days This indicates the number of days in the original tenor If the maturity date falls on the holiday the system adjusts it to next working day Rollover Tenor The deposit tenor has following options as below e Account class tenor If you select this the system displays the account class tenor in days months and years You cannot change this The system will not display the next maturity date as account class tenor is subject to change The default account class tenor at the time of rollover is considered e Account tenor This is the default option If this is selected the system populates the original tenor of the parent TD The tenor is represented in days months and years You cannot change this e Independent tenor If you select
215. liday If back dated top up date is a holiday system displays the following error message Top up value date is holiday 8 ORACLE 6 3 Narrative Enter remarks about the top up transaction if any Top Up Pay in Details The pay in details for the TD top up is captured here Pay in Option Select the funding option from the adjoining drop down list The following options are available for selection in the drop down list e Account e GL e Cash This option for TD Pav in is not allowed for Top up of Term Deposit STDTDTOP screen If top up is made through branch screen TDTP by Cash then on query the same will be displayed Percentage Specify the percentage of top up amount that has to be funded through the selected funding option Amount Specify the top up amount that has to be funded through the selected funding option Note In case of multiple pay in modes the sum of amounts in multiple payins should match the top up amount entered Offset Account Select the offset account for passing the accounting entries Offset Branch The branch where the selected offset account is available is displayed here After entering above details click Compute button The system will compute the deposit details after top up and display it Deposit Details After Top up The following details are captured here Principal Balance The principal balance amount of the term deposit after top up is displayed he
216. list displays all valid branch codes available in the system Choose the appropriate one Based on the branch code selected the system displays the name of the branch Customer Specify the CIF of the customer for whom the report is being generated The option list displays all valid customer numbers that are applicable Choose the appropriate one Based on the customer number the system displays the name of the customer Include Subordinates The relationship managers can generate the reports for the customers who are associated with their subordinate RMs Choose one of the following options e Yes Select this to include the customers assigned to your subordinate RMs e No Select this to generate the report only for the customers assigned to you excluding the customers assigned to your subordinate RMs Choose the appropriate one Once you have specified the details click OK The system generates the report based on the parameters specified Contents of the Report The parameters specified while generating the report are printed at the beginning of the report The term deposit exceeding lien limit report contains the following details ida ORACLE Header Elements Field Name Field Description Branch Current Branch Code and branch Name Branch Date Current Branch Date Run Date amp Current Run Date and Time Time User ID Operator generating the Report Module Module of
217. ll be resolved and defaulted to TD account and rate pick up will happen only during events Book Liqd Roll TD Rate Code Specify the rate code to be used for TD calculation The adjoining option list displays all rate codes maintained using the LD MM Floating Rate Input screen CFDFLTRI You can select the appropriate one You can use TD rate code only when you have checked Rate Chart Allowed option for the account class that is linked to the IC product In the corresponding IC rule you need to ensure that UDE Type is maintained as Rate as Rate Code for interest rate pick up for this account Refer the chapter Annexure B IC Rule Set up in this User Manual for further details about IC rules Variance Specify the variance in the interest rate This is the variance alone The effective rate will be the sum of the TD rate code and the variance that you specify here You can modify it anytime Note Note the following Ifyou specify the UDE value and also a rate code rate code or TD rate code the system will add the UDE value to the specified rate code value and apply that interest rate on the deposit You can define either the rate code or the TD rate code but not both a ORACLE 5 3 5 3 1 Specifving Charge Details Click Charges button on the Deposit Account Booking screen and invoke the Account level charges conditions screen Note that this screen is not applicable
218. llover amount field is enabled when this option is chosen You can enter the special amount and the rollover calculation is done based on that amount e Interest Rollover calculation happens only for the interest portion of the existing deposit as on maturity date Gross interest for the whole term Applicable tax for the whole term Applicable charges if any e Principal Interest When this option is chosen the principal and interest amount as on TD maturity date of the existing deposit is taken as principal amount for simulation This option can be chosen only when the interest booking account is the same deposit account otherwise system displays an error message Rollover Amount You need to specify the rollover amount only if you have selected Special Amount as rollover type Specify the amount taken for the rollover System considers this amount in rollover calculation Years System defaults the tenor of the existing deposit in years however you can modify this if required Maturity date is updated when the tenor is modified Months System defaults the tenor of the existing deposit in months however you can modify this if required Maturity date is updated when the tenor is modified Days System defaults the tenor of the existing deposit in days however you can modify this if required Maturity date is updated when the tenor is modified Maturity Date System calculates and displays the maturity date based on the ten
219. llowing details Payment Details of Redemption Interest Rate The system displays the interest rate of the term deposit Total Interest The system displays the total interest amount payable for the current redemption Penalty Amount The system displays the penalty amount for the current redemption Tax Amount The system displays the amount of tax applicable for the current redemption Net Interest The system displays the net interest payable after deducting tax and penalty for the current redemption Net Payable Amount The system displays the net redemption amount that will be paid to the customer Deposit Details After Redemption In case of partial redemption the system displays the following details Term Deposit Amount The system displays the term deposit amount Interest Rate The system displays the revised interest rate after redemption for the term deposit Interest Earnings The system displays the total interest that will be earned from the redemption date to the maturity date of the deposit oe ORACLE Tax Deductions The system displays the applicable tax amount that will be deducted from the interest earnings during the tenor of deposit New Maturity Amount The system displays the recalculated maturity amount after redemption Annual Percentage Yield The system displays the annual percentage yield for the applicable interest rate Click Clear button to clear the available data in si
220. lover Type e Principal e Interest e Rollover Amount e Tenor Years e Tenor Months e Tenor Days e Old Maturity Date e New Maturity Date e Account Status For Rollover Type P PRINCIPAL PRINCIPAL INTEREST T INTEREST and S SPECIAL AMOUNT Note On rollover the adjusted rollover tenor of the TD account is updated in the fields Tenor Years Tenor Months and Tenor Days If the rollover tenor is 1 year 5 months and 7 days then the rollover history is updated as Tenor Years 1 Tenor Months 5 Tenor Days 7 oe ORACLE 5 14 Specifying Document Details You can capture the customer related documents in central content management repository through the Document Upload screen Click Documents button to invoke this screen Document Upload Document Upload 1 Of 1 7 Document Category DocumentType Document Reference x Remarks Upload View lininar Here vou need to specifv the following details Document Categorv Specifv the categorv of the document to be uploaded Document Tvpe Specifv the tvpe of document that is to be uploaded Document Reference The svstem generates and displavs a unique identifier for document reference Remarks Specifv the additional information if anv oH ORACLE 5 15 Upload Click Upload button to open the Document Upload sub screen The Document Upload sub screen is displaved below
221. ly Interest rime Cesena C On Account Opening Month Primary Element gt On Account Closure Month ILM Parameters M Integrated LM Integrated LM Type m Formulas Fields Formula Rate Maker Date Time Checker Date Time Mod No Record Status Authorization Status Note the following When the formula needs the current outstanding balance use one of the following SDE DEPOSIT_AMOUNT DLV NET BALM DLV NET VD BAL Use the SDE DEP AMT INIT when the formula needs the initial deposit amount original principal Interest capitalization will not impact this however partial redemption will impact this Use DAVS when the formula needs the number of davs from last liquidation date of account to current date Use DAVS FROM START SDE when the formula needs the number of davs from account opening date to current date After rollover this will restart from the rolled over date interest start date The value for PENALTY_APPLY SDE is always set as 1 i e Yes If you check the box Waive Penalty in the Term Deposits Redemption screen ICDREDMN the system will change the SDE value to 0 i e No for that particular account The value for PENALTV BASIS SDE is taken as the redemption amount Use the SDE DEPOSIT_AMOUNT for displaying the maturity amount based on interest capitalization The system sets the value of WAIVE_INTEREST SDE to O if you have unc
222. ly to this account If you wish to continue with the account class restrictions opt for Not Applicable Transaction List Specify the restriction type here The options available are on ORACLE e Allowed If you select this the transaction codes entered in the multi entry block will be allowed for that account e Disallowed If you select this option the transaction codes entered in the multi entry block will be disallowed Transaction Code Likewise you can maintain restrictions for transaction codes as well Transaction code based restrictions are allowed only for entries initiated from the Data Entry module Otherwise you should use product code based restriction Description The system displays the description for the transaction code that you have specified Debit During transaction processing the system will validate whether any restrictions are placed on the account based on the transaction code If you have indicated to allow Dr transactions for a particular transaction code and attempt to post a credit entry the system will seek an override If the message has been configured as an override instead of an error you will be able to continue the transaction despite the restrictions by providing appropriate reasons for the same Otherwise you cannot continue with the transaction During maintenance or online operations in the respective contract screens for the restricted transactions when
223. m displays the balance available in deposit account as on date Interest Rate System displays the rate of interest of the current deposit Maturity Date System calculates and defaults the maturity date if the tenor details are maintained Maturity Amount System displays the amount of maturity for the existing deposit Interest Paid Out System displays the amount of interest liquidated till date from the liquidated interest Tax Collected The system displays the amount of tax collected till date Deposit Tenor Years The system displays the tenor of deposit in years Months The system displays the tenor of deposit in months Days The system displays the tenor of deposit in days 8 60 ORACLE Redemption Details Redemption Mode Select the mode of redemption from the adjoining drop down list Select one of the following e Full Redemption e Partial Redemption Redemption Execution Date Specify the date on which redemption will be executed This date cannot be the past date If the past date is specified then the system displays an error message as Back Dated Redemption is not Allowed Redemption Amount Specify the amount to be redeemed Depending on the redemption mode selected e Full Redemption If selected the system defaults the full redemption amount e Partial Redemption If selected you need to specify the amount for the partial redemption Click Compute button The system displays the fo
224. me Deposit Account Number la To Date From Date Report Format Printer At Client Report Output i Printer Specifv the following details here From Date Specifv the date from which the report for TD account maturitv date change should be generated Bv default svstem displavs the current Application date To Date Specifv the date till which the report for TD account maturitv date change should be generated Bv default svstem displavs the current Application date Branch Code Specifv the branch code of the TD account The adjoining option list displavs all valid TD branch codes maintained in the svstem Vou can choose the appropriate one Deposit Account Number Specifv the account number of the term deposit The adjoining option list displavs tall valid deposit account numbers maintained in the system You can choose the appropriate one Customer Specify the customer number here The adjoining option list displays all the valid customer numbers maintained in the system You can choose the appropriate one Report Format Select the format in which you want to report to be generated from the options provided in the drop down list This list displays the following values e PDF e HTML e Excel e RTF Report Output Select the output for the report from the adjoining drop down list This list displays the following values e Print Select this option if you wish to print the report 10
225. mount _TAXRATE_ Tax Rate _INTCUM Interest Rate Based on Cumulative Amount _BASEAMT _ Base Amount for Arriving at Interest Rate ORACLE 8 5 5 TD Advices This advice will be generated for original and duplicate advice for Term Deposit A message type ICCOD will be used The tag DUPLICATE will be displayed only in case of duplicate advice generated Tag Description _BRANCH_ Code of the branch where Account is to be held _BRNAME __ Branch Name _BRNADD1 _ Branch address line 1 _BRNADD2_ Branch address line 2 _BRNADD3_ Branch address line 3 _ACLASS _ Account Class _ACLASSDEC _ Account class description _CUSTID_ CIF ID _TDATE_ Rollover date _REF_ Advice Reference _CUSTNAME _ Customer name _ADD1_ Customer address line 1 _ADD2_ Customer address line 2 _ADD2_ Customer address line 3 _ADD4_ Customer address line 4 _TERMDEPAMT _ Amount of Term Deposit _TDACNO_ Term deposit account number _VDATE_ Opening date _AMT_ Rollover amount _CCY_ Term deposit currency _XRATE_ Applicable Rate _INTAMT_ Interest Amount _SPLCCY_ Interest Amount currency _INTAMTWORD__ Interest Amount in words _TAXAMT Tax Amount _TAXCCY Tax Amount Currency _SPLCCY_ Tax collected amount currency ORACLE 8 5 5 1 Tag Description _TAXAMTWORD Tax Amount in words _DEPTTENOR__ Term deposit tenor
226. mount is considered e For backdated deposit opening all the active deposits as of the current system date are considered to arrive at the cumulative amount The following table displays the effect on the lifecycle events of the new deposit Interest Rate Based on Cumulative Amount Flag Status Interest rate YES NO pickup Base Tenor Base Tenor Amount Amount Opening Rate change on interest liquidation flag YES Rate change on rollover Cumulative This deposit This deposit This deposit flag YES amount tenor amount tenor Floating Rate Premature redemption remaining amount Par tial ORACLE Premature Redeemed Completed Redeemed Completed Redemption amount tenor amount tenor Amount Full Partial When a deposit is opened automatically like auto deposits auto rollover etc the Interest Rate Based on Cumulative Amount option from the account class is defaulted to the account level For deposit opening rollover from channels this option can be set and send through the channel itself else if it is not explicitly mentioned then the Interest Rate Based on Cumulative Amount option set from the account class is defaulted and applied Once a deposit is opened even if any of the deposit used to arrive at the interest rate is closed the interest rate for the deposit remains the same This is applicable for Dual Currency
227. mulation amount If more than one deposit with same account class ccy and customer combination is opened on the same day with cum flag checked for atleast one account then during eod system would rearrive the cumulation amount for the accounts opened on the same day so as to give the cumulation benefit for all accounts opened on same day The interest rate derived is applied only to the floating rate deposits rate change on interest liquidation and rate change on rollover and there will be no change to the deposits which are used for arriving at the interest rate If back dated TDs are opened then the system will not pick up cumulation rate during EOD Cumulation rate is picked up only during the rate pick up events The system does not pick up the cumulation rate on modification of TD account Refer the section Calculating Interest Rate Based on Base Amount in this User Manual for details about arriving at interest rate based on cumulative amount Month end Maturity Deposit Check this box to indicate that the deposit is a month end maturing deposit i e the deposit matures on the last working day of the month If this box is checked at the account class then during deposit input if the account opening date is the last working day of the month and the maturity date is the last day of the subsequent month then you have to enter the tenor in Months only If this box is un checked on ORACLE then the
228. mulation screen at any point of time Click View Print Advice button to view or print the simulation details 6 17 1 Redeeming a TD Click Redeem Deposit button to redeem the term deposit Redemption Simulation Screen o X Save Existing Deposit Details tel Term Deposit Account ee 2 Account Description Number Customer ID Customer Name Branch Code 001 Account Currency Principal Amount Account Balance Account Open Date Interest Rate Tenor Years interest Paid Out Months Tax Collected Days Maturity Date Maturity Amount Redemption Details Redemption Execution Date le Redemption Mode Partial Redemptioniz Redemption Amount aive interest Naive Penalty Payment Details of Redemption interest Rate Total interest Penalty Amount Tax Amount Net Interest Net Payable Amount Deposit Details After Redemption Term Deposit Amount Interest Rate Interest Earnings Tax Deductions New Maturity Amount APY TD Payout Details input By Authorized By Date Time Date Time Authorization Status Status System enables the fields related to deposit redemption System defaults the fields maintained in the Redemption Simulation screen You can modify the following details e Term Deposit Account Number e Redemption Execution Date 6 02 ORACLE e Redemption Mode e Redemption Amount You cannot navigate to the Redemption Simulation screen once you click on the Redeem Depos
229. n ICDREDMN or Renewal Simulation screen ICDREDRN upon maturity of the TD This option is applicable only for deposits whose interest and principal is moved to unclaimed GLs upon maturity If you check the Auto Rollover box or the Close on Maturity box the system will ignore the value that you specify here In other words grace period will not be applicable on the maturity date in case of auto rollover or closure of the account After the account has matured renewal of the TD is possible from the beginning of day BOD of the maturity date to the end of day EOD of the grace period The TD gets renewed with the value date as of the maturity date when the grace period is valid The counter for the grace period is 0 on the maturity date It is incremented by 1 during EOD processing of every subsequent day When the grace period counter is 0 TD renewal is possible before start of the EOD as of the maturity date When the grace period counter goes to 1 TD renewal is possible before start of the EOD of the maturity date 1 and so on Refer the section Redeeming a TD and Transferring to Unclaimed Deposit on Maturity in this User Manual for details about TD redemption and application of grace period respectively Note that grace period is maintained only at the account class level You cannot modify it at account level Settlement Bridge GL To facilitate multi mode pay out you need to maintain
230. n Status This indicates the status of the TD account Account Number This indicates the TD account number Customer ID This indicates the unique id of the customer Customer Name This indicates the name of the customer Open Date This indicates the date on which the account was opened Maturity Date This indicates the maturity date of the deposit account Deposit Tenor This indicates the deposit tenor in days months and years Interest Rate This displays the interest rate applicable to TD account Interest rate based on cumu lative amount This indicates Y N based on whether the interest rate is based on cumulative rate or not Maturity Amount This displays the maturity amount of the TD Principal Amount This indicates the total Principal Amount of the deposit account Accrued Interest This indicates the interest accrued for the deposit account 10 4 Large FD Report This report provides customer wise details of large time deposits beyond the given amount criteria You have an option to print and view the report in pdf or excel format 2 ORACLE 10 4 1 You can invoke Large FD Report screen by typing TDRFDREP in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button Large FD report Branch Code Currency Code ALL Amount Exceeding ReportFormat PDF Printer At Client Rep
231. n input all the details of the deposit account A term deposit account is simulated based on all the information you provide in the screen above You can also view and generate the details of the term deposit account certificate of the account Additionally you can view the details of interest charges and amounts for the simulated TD account Branch The branch where the deposit account is being simulated is displayed here on clicking new icon in the Application Toolbar Customer Specify the customer for whom the account is being simulated You can also select the customer from the option list provided Customer Name The name of the customer for whom the account is simulated is displayed here based on the customer selected Account Currency Specify the currency for the deposit account You can also select the currency from the option list provided Account Class Specify the deposit type of account class under which the deposit should be simulated You can also select the appropriate account class from the option list provided Description Based on the account class specified the system displays the corresponding description Click Default button after specifying the customer account class and currency 6 39 ORACLE 6 13 1 Account Number The account number of the customer for whom you need to simulate a deposit account is displayed here Status The status of the simulated account is displayed here based on the cu
232. n the new deposit ICEOD batch will do this operation 8 60 ORACLE 7 1 7 2 7 RD Operations Introduction You can perform the following operations on a Recurring Deposit RD e Payment e Reversal Capturing Payment Details You have the option of allowing manual receipt of instalments Invoke the Recurring Deposits Payment Input screen from the Application by typing ICDRDPMT in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button Recurring Deposit Payment Input save fi Hold RD Account Details Branch Code 000 a Transaction Date E RD Account Number z Maturity Date Currency Installment Amount Payment Details Payment Branch Code az Pavment Account Number a Product Code a Exchange Rate Pavment Currencv a Payment Amount s Minimum Payment Amount B Paid Amount Account Pavments 10f1 z v Due date Installment Amount Payment Date Due Days Events a m B MI gt Fields Maker Date Time Checker Date Time Mod No Record Status Authorization Status On invoking this screen all the outstanding and future installments are displayed You can choose to pay any multiple of the installment amount To do this the system will clear all the overdue amounts first and then allocate the amounts to
233. n this tab you can maintain details of a dual currency deposit Deposit Main Tab On invoking the Deposit Account Booking screen this tab is displayed by default You can specify the following details Description This is the description of the account Here you can enter the nature of the TD account Ifa customer has two or more accounts under one account class you can specify the purpose of that account In case of child TD the system automatically populates the description on creation of child TD Account Type You have to indicate whether the account is to be opened only by the account holder or whether it can be jointly operated Select one of the following account types e Single If you select this you need to capture the details of single account only e Joint If you select this the joint holder details needs to be specified under Joint Holder sub screen Country Code Specify the country code to define country limits The adjoining option list displays all valid country codes maintained in the system You can select the appropriate one Mode of Operation Indicate the mode of operation Choose one of the following options from the drop down list e Single e Jointly Ta ORACLE e Either Anvone or Survivor e Former or Survivor e Mandate Holder Account Open Date The date on which the account has to be opened is defaulted based on the account class selected here You can however change the opening da
234. ngs module TDMM only You can specify the following details of the deposit Term Deposit Payout Details The TD module allows you to close a TD using multiple pay out modes viz Pay out by Bankers Cheque Pay out by transfer to GL Pay out by transfer to own bank Savings Account Pay out by transfer to Other Bank s Account Pay out resulting in a new child TD Pay out by Demand Draft You can specify following pay out details of the deposit 4 11 ORACLE Payout Type Indicate the method for settlement of the TD on maturity date The payout instructions are mandatory in case of Close on Maturity Rollover Principal Rollover Interest and Special Amount The payout option can be specified separately for Principal and Interest components The following payout options are available e Bankers Cheque e Payments e General Ledger e Account e Term Deposit e Demand Draft Percentage Specify the percentage of payout for each payout option specified Offset Branch The system displays the branch code of the account to which fund is transferred from TD account Offset Account Specify the account number GL to which the fund is transferred to TD account on liquidation maturity or rollover This field will return the branch code if the account is selected and NULL will be returned if GL is selected If pay out mode is GL then the system displays only GLs in the option list If the pay out mode is Account then the system displa
235. nly for rate chart allowed TDs RSH 2B SECURING SHREE Ht Ste BEISalPon TERA Nate SH NDUR GO i Biada Ae KRE Specify the account for posting consolidated charges The adjoining option list displays all valid accounts maintained in the system You can select the appropriate one Currency Specify the term deposit currency Product Details Specify the following details Product Code Specify an interest product in order to allow calculation of interest When you apply an interest product on the account interest for the account will be calculated according to the interest rule attached to the product Multiple interest products can be attached to TD account class But a TD can be created with one interest product attached Charge product is not supported for TD accounts UDE Currency Specify the UDE currency for the product that you apply on the account UDE values that you specify for the account subsequently will be taken to be in this currency Waive Interest This box is unchecked by default However you cannot waive interest on a TD Leave this box unchecked i ORACLE Generate UDE Change Advice Check this box to indicate that interest rate change advice has to be generated for the account at EOD The system generates interest rate change advices for accounts when the interest rate changes as part of EOD For those accounts when interest rate changes the details are handed off for rate change advice generation and the
236. nna 6 36 6 10 1 Moving Principal and Interest to Unclaimed GLS en 6 37 6 11 Closing TD by Payout to Loan Account ennnnnnzznennnnnnznnennnnnnznnnna 6 37 6 12 Viewing TD Execution LOQ ou nanna ann i a ri 6 38 6 13 Simulating TDs nir ak a need An aio ahs neared 6 38 6 13 1 Generating and Viewing Account Certificate 6 40 6 13 2 Specifying Interest Details for Simulated Account sen 6 41 6 14 Simulating TD Opening 2000 0 nanna nn AA 6 45 6 14 17 Deposit IN DUE sperei iied e 6 46 6 14 2 Simulation Details snanar nanna 6 46 6 14 3 Creating Term Deposit nn nanna 6 48 6 14 4 Specifying Interest Details for Simulated Account mn 6 49 6 15 Simulating TD Rollover nn A t mnn nn nnnnnAn Ann nnzmnnnnznnzznnnn 6 50 6 15 1 Rollover PDs iii rna e e i Ba i ie a 6 54 6 16 Simulating TD Top UP saris reest iaeaea heata atese dan ea pae tad dienn ie Gie aea ae iiai 6 55 6 16 1 Topping Up TD eeaeee asl e a ae 6 58 6 17 Simulating TD Redemption aasssssesssssrnserernnnesrnnnnnnannnnnnntnennanetnnnanaatnnnnnasnannnannna 6 59 6 1 1 Redeemingia TO o orano ae AE A a a aa ae eae 6 62 6 18 1 Deposit Audit Trail Miqui eiee a a cet ta a 6 63 6 18 1 IC Batch Processing rr a P IEAA OEE AAA 6 66 Ta RD Operations senaera aana aa ae Oraa A nee eens 7 1 GAN Introduction ta ai a inr AEE B OTA A AERE a aA 7 1 7 22 Capturing Payment Details eree nanna EA EEEN SA EEE RE 7 1 7 2 1 Viewing Accounting ENtri S sena ERA EE 7 3
237. nor Pinterest Rate Based on Cumulative Amount continue variance on Rollover Rollover Tenor Deposit Details After Rollover Term Deposit Amount Interest Rate Interest Earnings Account Branch Account Currency Customer Name Maturity Amount Interest Paid Out Tax Collected Deposit Tenor Years Months Days Rollover Tenor Years Months Days Maturity Date Tax Deductions Maturity Amount Annual Percentage Yield NRP GBP Abel2 2167 57 17 45 0 35 0 1 0 2012 01 13 0 31 2 029 61 9 36 Input By Date Time Authorized By Date Time Authorization Status Status System enables the fields related to deposit rollover System defaults the fields maintained in the Rollover Simulation screen You can modify the following details e Account Number e Maturity Date e Rollover Tenor e Interest Rate Based on Cumulative Amount e Continue Variance on Rollover You cannot navigate to the Rollover Simulation screen once you click on the Renew Deposit button Note Deposit rollover simulation can be initiated only for existing customers who have term deposit accounts with the Bank The renewal simulation can be done on any date before the maturity date of the deposit but only matured unclaimed deposits which are in grace period can be renewed from the simulation screen 6 54 ORACLE 6 16 Ifyou try to renew the deposit before the maturity date from simulati
238. nsidered as the Rollover Tenor during deposit rollover During opening or modification within the term of the deposit if you change the defaulted value for Rollover Tenor from Account Tenor to Account Class Tenor then on save system displays the override message Re pick up Account Class Tenor on Rollover restrictions at account class will be ignored On save system updates the Next Maturity Date with the sum of maturity date and original tenor of the deposit e Independent Tenor Select this option to provide a different tenor rather than default from account class or account tenor On selecting this option you can specify the Rollover Tenor in years months and days combination The tenor should be specified within the minimum and maximum tenor limits maintained at the account class level If it is not within the minimum and maximum limit then the system will display an error message Rollover tenor does not fall in the range of minimum and maximum tenor allowed The rollover tenor for independent tenor should not be null On save system updates the Next Maturity Date accordingly Note System validates that the rollover tenor is within the minimum and maximum tenor allowed for the account class If this validation fails then system displays the error message Roll over tenor does not fall in the range of minimum and maximum tenor allowed The next maturity date will be ad
239. nt Charge Booking Branch Interest Statement Rate Char Allowed Consolidated Charge Account Interest Rate Based on Cumulative j Amount Product Code Waive Interest UDE Currency Generate UDE Change Advice Open Effective Date 10f1 FF DI Effective Date Open UDE Values 101 C User Defined Elementid UDE Value RateCode TD Rate Code l iii You can define the interest and charge related details associated with the customer s deposit account For more information on specifving Interest details for TD refer to the section Specifving Interest Details in the chapter TD Additional Details in this User Manual 6 49 ORACLE 6 15 Simulating TD Rollover You can initiate to simulate the term deposit renewal for existing TD accounts using Rollover Simulation screen To invoke this screen type ICDREDRN in the field at the top right corner of the Application tool bar and click the adjoining arrow button Renewal Simulation Screen New amp Enter Query xisting Deposit Details Term Deposit Account f gt z Account Description Number Customer ID Customer Name Branch Code Account Currency Principal Amount Account Balance Account Open Date Interest Rate Tenor Years interest Paid Out Months Tax Collected Days Maturity Date Maturity Amount Renewal Details Deposit Details After Renewal Renewal Type Principal Term Deposit Amount Special Amount Interest Rate interest interest Earnin
240. nt Description e Interest Start Date e Top up Date e Top up Value Date e Top up Amount e Top up Reference Number e Principal Balance 65 ORACLE 6 4 e Interest Rate After Top up e Maturity Date e Maturity Amount e Customer No e Customer Name e Currency e Branch e Maker ID e Release Time Redeeming a TD The Term Deposits Redemption Input screen enables you to redeem a term deposit Using this screen you can do a premature redemption either in full or in part ahead of maturity of the deposit and also after maturity date when the TD is in grace days This screen also allows you to renew the TD manually However renewal of the TD is allowed only on the following scenarios e If you have selected Grace period for Renewal at the account class maintenance level e Ifthe TD is in the grace period currently e The maturity instruction of the TD is Move Principal to Unclaimed amp Move Interest to Unclaimed In case of Close on Maturity or Auto rollover the maturity instruction will be executed on the BOD of maturity date and thus Grace Days are not applicable You can invoke the Term Deposit Redemption Input screen by typing ICDREDMN in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button 66 ORACLE Click the new button Term Deposits Redemption E New E3 Enter Query Branch Customer ID Account Currency
241. nt No Deposit No This indicates the TD account Number Customer Name This indicates the Name of the TD account holder Closure Date This indicates the TD account closed date Amount of deposit This indicates the Deposit Amount Maturity Date This indicates the Maturity date of the TD account Proceeds credit to This will show the Payment Mode of the TD account Interest Rate This displays the interest rate of the account Interest Amount This indicates the Interest Amount accrued and liquidated for the closed TD account This will show the actual interest amount which has been paid to the customer Maturity Amount This displays the maturity amount as per new calculation Branch This indicates the Branch Name Product Code This indicates the Account Class code of the TD account Product Title This indicates the Account Class description of the TD account 10 18 ORACLE Deposit Currency This indicates the deposit currency Stock Catalogue Code This displays Stock Catalog Code for the TD certificate num ber Certificate Number This indicates the certificate number Duplicate Issue This indicates duplicate issue 10 11 Term Deposits Account Renewed Report This report lists the term deposit accounts which are renewed for the given period You can generate this report using TD Account Renewed Report screen by typing TDRRENEW in
242. nt of the deposit after the rollover term i e Rollover Principal Interest earned after deducting tax Annual Percentage Yield System displays the annual percentage yield for the applicable interest rate for rollover Interest Liquidation Details You can view the following Date System displays the date of interest liquidation Interest Amount System displays the net interest amount that will be liquidated based on the compounding frequency Principal Balance System displays the Principal balance of deposit after adding net interest amount earned during the compounding period i e Principal Balance at the beginning of cycle Net Interest liquidated for that compounding cycle Click Clear button to clear the available data in simulation screen at any point of time Click View Print Advice button to view or print the simulation details OBS ORACLE 6 15 1 Rollover TD Click Rollover Deposit button to rollover term deposit Rollover Simulation Screen Transaction Branch Code NRP EX save Account Number NRP00317102 a Account Description Customer Number Redemption Reference Number urrent Deposit Details Account Open Date Principal Balance Account Balance Interest Rate Maturitv Date TDFORINTEREST 4 AND TAX CALCULATION 000003171 2011 02 13 2 014 54 2 031 64 9 2011 12 13 Rollover Details Account Class Tenor Account Tenor lndependent Te
243. nterparty Details Counterparty Bank Code Counterparty Account Offset Currency Beneficiary Details Beneficiary Name Address Line 1 Address Line 2 PassporviC Number Narrative Interest You can capture the following details Counter Party Details Specify the following cheque details Counter Party Bank Code Specify the bank code of the counter party Belt ORACLE Counter Party Offset Account Specify the branch code of the account for redemption Beneficiary Details Indicate the following details Beneficiary Name Specify the name of the beneficiary Address Line 1 to 2 Specify the address of the beneficiary Other Details Specify other details if any for the beneficiary Narrative Give a brief description for the payout ORACLE 6 4 5 Capturing Interest Details The Child TD parameters are similar to the Parent TD except the child will not have the option to create a new TD as part of Pay out You can capture the details of child TD that is created by payout by clicking on the Interest button on the Term Deposit screen interest Charges Branch Account Calculation Account Interest Booking Account Charge Booking Account Product User Data Elements Currency Effective Dates 1 Of 1 Effective Date Interest Statement Account Class Customer Number Interest Start Date Interest Booking Branch Charge Booking Branch
244. nual rollover STDTDTOP Deposit top up screen ICDRDPMT Recurring Deposit Payments Input Installment Amount is validated for the limit ICDRDREV Recurring Deposit Payments Reversal Amount of transaction that needs to be reversed is validated ae ORACLE 6 1 6 2 6 TD Operations Introduction You can perform the following operations on a Term Deposit TD e Top up e Redemption e Advice Certificate generation e Closure e Simulation Topping up a TD You can top up a TD by adding funds to an existing active term deposit The top up can be done anytime after the opening date of the TD or anytime before the maturity date of the TD Top up input and approval is restricted to only those users who have sufficient rights assigned to their user roles Limit for input and limit for approval defined at the role level for the user is applicable for the top up transactions You are allowed to do multiple top ups to the same account in a single day provided the minimum and maximum booking amount and the maximum amount for the deposit account is not breached The top up amount must not exceed the limit of minimum and maximum amount allowed for the deposit On top up the deposit amount including top up amount is validated against the min max limits at deposit cluster level and account class level If the top up amount crosses the maximum booking amount for the deposit currency then the top up is not allowed The top up amount
245. number of days in the deposit tenor ORACLE Original Tenor This indicates the original tenor of the deposit The system displays the default tenor or the tenor specified for account which is arrived before the holiday movement You can view the original tenor in terms of years months and days For example if the deposit tenor is 185 days it is represented as 0 years 6 months and 5 days Years This indicates the number of years in the original tenor Months This indicates the number of months in the original tenor Days This indicates the number of days in the original tenor Rollover Type Indicate the components that should be rolled over by choosing one of the following options e Principal If you select this option then the system will roll over the principal amount alone on TD maturity date or end of the grace period If a CASA account is specified as the interest booking account interest will be liquidated to that account However if the interest booking account is given as TD account then it is mandatory to specify the interest payout account On interest liquidation cycle the interest will be booked on the TD and paid out to the interest payout account On maturity date the interest amount will be first liquidated to the TD account and then settled as per the pay out details maintained for the TD account Thus the principal alone is rolled over e Principal Interest For you to choose this option the inte
246. of overdue days and apply penalty on that RD penalty amount is calculated at the EOD but penalty is collected on account liq uidation date from the interest booking account Installment Frequency Specify the following details Move funds on Overdraft Check this option to indicate that the system should pass an overdraft in the payment account i e CASA when the account does not have sufficient funds for making RD installment payment Days Specify the installment frequency in terms of days Months Specify the installment frequency in terms of months Years Specify the installment frequency in terms of years Note The installment frequency needs to be greater than the minimum schedule days and less than the maximum schedule days specified at account class level Intermediary Details Intermediary Required Check this box to link Intermediaries with Term Deposit If this is checked the intermediary is allowed to be attached to TD account If you do not check this the system displays an error when you attempt linking intermediary to the TD Intermediary Code Specify the intermediary code from the adjoining option list Intermediary Description The system gives a brief description about intermediary code Intermediary Ratio Specify the ratio of individual intermediary contribution against the Term Deposit account The commission for intermediary will be calculated according to the ratios specified for e
247. of the Customer Account No This indicates the customer account number Current Balance This indicates the current balance in the account Transaction Date This indicates the date of transaction Formula Number This indicates the formula number Product This indicates the product code Accrual Amount This indicates the accrual amount for each transaction date Cumulative Accrual Amount This indicates the cumulative accrual amount by adding up the accruals for each transaction date Dr Cr This indicates the amount credited or debited for interest penalty or tax Interest rate This displays the interest rate of the account Maturity Amount This displays the maturity amount based on the tenor of the TD User ID This indicates the identification of the user Auth ID This indicates the identification of the authorizer 10 12 ORACLE 10 8 10 8 1 TD Account Class Summary Report This summary report provides MIS information like principal amount interest amount etc with respect to term deposit accounts of the bank This is a GL wise currency wise Account class summary report for all the branches This report provides information about Account class Code Account class Name Total Accounts Principal Balance Interest Accrued The totals are also provided You can invoke TD Account class Summary screen by typing TDRPRSUM in the field at the top r
248. of the existing Status ofthahew Certificate Action certificate after the es l certificate Status action Issued Account not Cancelled Amount Block to the deposit certifi cate Amount Blocked Re denomination Modified Re denominated of the certificate Redemption of the Redeemed deposit partial or full Rollover of the Cancelled Rollover Issue deposit In ICDBADHC screen on trying to issue new certificate with Rollover Issu ance as Y then the status of the old certifi cate will get changed as Cancelled Else the previous status only will be retained Certificate lost damaged Lost Damaged Duplicate 5 44 ORACLE Current Status of the existing Status of the new Certificate Action certificate after the aa certificate Status action Re denomi Amount Block to Amount Blocked nated the deposit Re denomination Modified Re denominated of the certificate Redemption of the Redeemed deposit partial or full Rollover of the Cancelled Rollover Issue deposit xx In ICDBADHC screen on trying to issue new certificate with Rollover Issu ance as V then the status of the old certifi cate will get changed as Cancelled Else the previous status only will be retained Certificate lost Lost Damaged Duplicate Rollover Amount Block to Amount Blocked Issue the deposit Re denomination Modified Re denominated
249. ollowing details Primary A C Statement This refers to the type of statement to be generated periodically by the system for this account You can specify whether you want a detailed or summary statement or if you do not want a statement for this account at all Generate Stat Only On Movement Check this box to indicate that an account statement should be generated for the account only when there has been a movement of funds into the account or when funds have been transferred out of the account For instance let us assume that on the August 21 2001 you have set the account statement generation frequency as Daily for the account LI020804 On the September 5 2001 there has been no movement of funds in the particular account If you have opted for the Generate Only on Movement option the system will not generate a statement message for September 5 2001 If you choose not to enable this option account statements will be generated regardless of whether there has been a movement of funds or not rig ORACLE Type You can specify whether you want a detailed or summary statement or if you do not want a statement for this account at all Account The system displays the account number for which you are setting the statement details Cycle You can specify the frequency for generating the account statements To specify the frequency of the statements click on the adjoining drop down list The following list is displayed e Ann
250. ompute Also for partial redemption the revised maturity amount is updated on the TD account automatically The maturity amount displayed is net of Principal Interest less tax and penalty if any Refer the chapter Annexure B IC Rule Set up in this user manual for details on calculating principal and interest amount during term deposit redemption Rollover You can rollover a TD only during the grace period You can select the TD account and define the tenor for which TD should be renewed During rollover the interest is liquidated The system changes the TD interest start date as the maturity date of the old TD In the Main tab of the Deposit Accounts Booking screen you can see the new maturity date based on the tenor defined here If Rollover box is checked then indicate the rollover tenor for the TD account You can select one of the following options e Account Class Tenor If Re pick up Account Class Tenor on rollover is set to Yes at the account class level then on selecting rollover the rollover tenor will be defaulted as account class tenor The default account class tenor is displayed as tenor in days months and years which you cannot change However you can change the default option during rollover When you save it the system displays an override message Re pick account class tenor on rollover restrictions exists at account class If Re pick up Account Class Tenor on
251. on Customer Number L he Payin y Omes Branch Code 001 Customer Name Cleaning Type a Term day Account Description gt Cheque instrument No D amber Account Open Date Cheque Date 8 LI Drawes Account Number gt Roubng No si Main Nominee Check List Dual Currency Deposit Term Deposit Amount s Rollover Rollover Type MPrincipal Tenor Years b 1050 on Maturity Special Amount Months 5 ove interest to interest i Undaimeg Principal interest Days p 2 Duns a a ka Rollover Amount Maturit Date eee d Newt Maturity Date Stock Catalog Coge Certificate Number Imterest Rate Account Type Single Duplicate interest Eamings Joint a Mose toowaten 7 EJ Tax Deductions Maturitv Amount APV Pay in Details 10n C Term Deposit Payin Option Percentage Amount OfsetBranch OffsetAccount ChequeinstrumentNo Clearing Type Cheque Date DraweeAccoL Statistics interest Payout Details Linked Entities Restrictions MIS nt Holders ias TD Payout Details Maker Checker System enables the fields related to deposit opening System defaults the fields maintained in the TD Simulation screen e Account Class e Term Deposit Currency e Customer Number You can modify the following details e Account Open Date e Term Deposit Amount e Deposit Tenor e Maturity Date On clicking Create deposit tenor the min and max tenor applicable for the account class are validated Validations for deposit opening in this screen are s
252. on The adjoining option list displays all valid branch codes available in the system You can select the appropriate one Offset Account Specify the account number GL for redemption The adjoining option list displays all valid accounts and GLs available in the offset branch You can select the appropriate one Narrative Give a brief description for the redemption Indicating Payout Details Click Term Deposit Payout Out button in the Interest Charges screen and invoke the following screen C Deposit Payout Details EEULGESS TA Counterparty Details Bankers Cheque Payment Branch Bank Code Currency Beneficiary Details Beneficiary Address Bank Code Address Line 2 Beneficiary Name Address Line 3 PassportiC Number Narrative Country Code The Bank Cheque tab is displayed by default You can capture the following details for pay out using a banker s cheque Banks Cheque Specify the following cheque details bee ORACLE 6 4 7 2 Bank Code Specify the bank code of the Bankers cheque Payable Branch Specify the payable branch for the cheque The adjoining option list displays all branch codes linked to the specified bank code You can select the appropriate one Currency The currency code is displayed here Beneficiary Details Indicate the following details Beneficiary Name Specify the name of the beneficiary Other Details Specify other details if any for the
253. on maturity and unclaimed TDs Cumulation feature is not supported for recurring deposits discounted deposits fixed rate deposits and IC rate code deposits Payin Details The TD module allows you to fund a TD using multiple pay in modes viz Pay in by transfer from GL In case of pay in through GL if the offset GL account is not specified the GL maintained at TD Payin Parameters STDTDPAY screen will be defaulted and used on save of TD Pay in by transfer from Savings Account In case of pay in from savings account it is mandatory to specify the offset account If it is not specified the system displays an error on saving the TD account If the pay in account specified is disallowed for the TD product then on saving the account the system displays an error message The account specified is debited and TD will be created Pay in by Cheque In case of pay in by cheque the TD should be entirely funded by a single cheque Multimode combining multiple cheques or part payment by cheque and the rest by other modes is not allowed You can also have a combination of the aforesaid modes while funding a single TD Once the TD account is created the system considers each of the pay in options entered in this screen and processes it accordingly You can specify the TD funding amount as a percentage or as an absolute value Note that you can fund a TD by cash too However this option is available for TD creation through the Savi
254. on screen then the error message Unable to renew as the deposit is not matured is displayed Simulating TD Top Up You can simulate the term deposit top up additional investments only for the existing customers having TD account with the bank using the Top Up Simulation screen To invoke this screen type STDTPSIM in the field at the top right corner of the Application tool bar and click the adjoining arrow button Top Up Simulation Screen 1 D new amp Enter Query Term Deposit Account Account Description Number Customer ID Branch Cod Customer Name n a Account Currency Principal Amount Account Balance Account Open Date interest Rate Tenor Years Interest Paid Out War Tax Collected Davs Maturitv Date Maturitv Amount op Up of Team Deposit Revised Deposit Details Value Date New Term Deposit Amount Top Up Amount New Interest Rate interest Eamings Tax Deductions New Maturity Amount APV Interest Liquidation Details 10 a Date InterestAmount Principal Amount a Top Up Maker ID Checker Id Maker Date Stamp Checker Date Stamp Authorization Status Specify the following details Account Number Specify the existing term deposit account number The adjoining option list displays all the account numbers for which the top up is allowed at the account class level Select the appropriate one oras ORACLE Click the P button The system validates the account number and de
255. on with BC PC and Child TD not allowed in case of account class of account having Rate Chart Allowed 3 7 5 Calculating Interest Rate Based on Cumulative Amount Oracle FLEXCUBE allows calculating interest rate of a new deposit using the cumulative amount of other active deposits under the same account class customer and currency To enable this you should check the box Interest Rate Based on Cumulative Amount at Account Class level 929 ORACLE Note Interest rate based on cumulative amount is applicable only for rate chart allowed deposits TD accounts opened after the interest start date will not be considered for arriving at the cumulation amount The cumulation of the amount for arriving at the interest rate is done at the account level during the save of below events e Deposit account opening transaction e Any interest rate change to the deposit floating rate deposits rate change on interest liquidation rate change on rollover If Interest Rate Based on Cumulative Amount is checked at Account Class level then system operates in the following ways e For deposits with LDMM rates all the rate interest related UDEs will use the cumulative amount feature e Every time an interest rate change is triggered for a deposit system arrives at the new cumulative amount e When cumulating the amount of the deposits the current deposit balance of all the deposits along with the new deposit a
256. opriate one Click OK button to generate the report Click Exit to return to the Reports Browser Contents of the Report The parameters specified while generating the report are printed at the beginning of the report The contents of the report are discussed under the following heads Header of the report The header of the generated report will have the following information Field Name Field Description 10 21 ORACLE Branch Current Branch Code and branch Name Branch Date Current Branch Date Run Date amp Time Current Run Date and Time User ID Operator generating the Report Module Module of the Report Page No Page No of the Report Body of the report The generated report will have the following information Field Name Field Description Account Number Deposit Number This indicates the TD account Number Customer Name This indicates the Name of the TD account holder Date of Open This indicates the TD account opened date Value Date This indicates the Value Date of the TD account Deposit Amount This indicates the Deposit Amount Maturity Date This indicates the Maturity date of the TD account Deposit Term This indicates the TD Tenor Maturity Date Interest Start Date Total Interest Payable This indicates the Interest Amount This will show interest amount on the maturity date
257. or of existing deposit You can modify the maturity date The system updates the tenor based on the modification made on the maturity date If the maturity date is modified accordingly the tenor gets adjusted Interest rate Based on Cumulative Amount Check box to confirm whether interest rate will be based on cumulative amount or not System defaults this box based on the Account Class however you can modify this Continue Variance on Rollover Check box to confirm whether variance on rollover will be continued or not System defaults this box based on the Account Class however you can modify this Click Compute button to calculate the Deposit Details After Rollover and Liquidation Details Deposit Details After Rollover View the following details 6 82 ORACLE Term Deposit Amount System displays the term deposit amount based on the Rollover Type selected This amount will be taken as the principal amount for rollover calculations Interest Rate System displays the interest rate applicable for the deposit based on product amount tenor as on maturity date of the existing deposit Interest Earnings System displays the total interest that will be earned by the deposit during the rollover tenor Tax Deductions System displays the applicable percentage of tax that will be deducted from the total interest during the term of deposit mentioned for rollover Maturity Amount System displays the maturity amou
258. ort Output Print Printer Specify the following details here Branch Code Select the branch code for which the report needs to be generated from the adjoining option list The list displays all valid branch codes You have an option to select all the branches or a single branch Currency Select the currency code from the adjoining option list The list displays all valid currency codes maintained in the system By default the value ALL will be displayed Amount Exceeding Specify the deposit amount here The report generated will include only those accounts which exceed the deposit amount specified here Click OK button to generate the report Click Exit to return to the Reports Browser Contents of the Report The parameters specified while generating the report are printed at the beginning of the report The contents of the report are discussed under the following heads Header of the report The header of the report contains the following information Field Name Field Description Branch Current Branch Code and branch Name Branch Date Current Branch Date Run Date amp Time Current Run Date and Time User ID Operator generating the Report Module Module of the Report 106 ORACLE Page No Page No of the Report Body of the report The generated report will have the following information Field Name Field Description Customer with
259. ould be a TD account only If not an error message Booking account should be TD ac count when move Interest to unclaimed is checked will be displayed ORACLE Initial Deposit Amount The initial deposit amount displays the amount for which TD is created If you have specified the percentage in the Pav In options on clicking the Compute button the system computes the amount And while saving the system validates the sum of Pay In Amounts against the TD Amount keyed in The system will validate for the following e The deposit amount should be equal or greater than minimum booking amount maintained at the Deposits Cluster Maintenance screen else the system will display the error message The deposit amount is less than the minimum booking amount e The deposit amount should be a multiple of the booking unit maintained at the Deposits Cluster Maintenance screen else the system will display the error message The deposit amount must be in multiples of booking unit Principal Balance Principal balance displays the initial deposit amount in TD on save If any top up or redemption has happened on the TD then the Initial deposit amount plus Top up less redeemed amount is displayed here Liquidated interest added to TD account will not be considered On closure full redemption the Principal balance will be made as 0 Computed Amount On clicking the Compute after specifying the percentage
260. ount number based on the details maintained at Deposit Booking screen Currency System defaults the currency of the specified account Amount Specify the amount details The amount to be blocked cannot be greater than the available balance in TD account Amount Block Type Select the type of amount block from the drop down list Following are the options available in the drop down list e FLEXCUBE e Switch e PreAuth 48 ORACLE e Escrow e System e Account e Bulk Salary e Discounted TD e Sweep Deposit Note The amount block type should always be FLEXCUBE for the manually blocked amounts Auto deposits created under the Auto Deposit account class mapped in CASA account class gt Auto Deposit subsystem gt Account class field cannot be blocked using this screen However deposit created manually under this Auto Deposit account class in STDCUSTD can be blocked Amendment of block amount not supported for Discounted Deposits and Mudarabah Sweep Deposit Hold Code Specify the hold code The hold codes are maintained in the Hold Maintenance screen Specify the reason for amount block here In case of discounted TDs the hold code and description will be automatically defaulted Amount Block Number The system displays the amount block number when the new operation is initiated Effective Date Specify the effective date from when the block becomes effective The effective date can be current futu
261. ox Move Interest to Unclaimed Check this field to move the interest amount to the unclaimed GL mapped at the IC product in the accounting role INT UNCLAIMED on maturity date or grace period end date of the term deposit account Move Principal to Unclaimed Check this field to move the principal amount to the unclaimed GL mapped at the IC product in the accounting role PRN_UNCLAIMED on maturity date or grace period end date of the term deposit account Note Note the following You cannot opt Principal or Interest individually to move to unclaimed It should be opted together The system does not allow payout instruction if Principal and Interest is moved to unclaimed Rate Chart Allowed Check this box to indicate that the system should calculate TD interest based on the LDMM float rate maintained in the LD MM Floating Rate input screen CFDFLTRI If you check this box the system will pick interest rates based on different tenors amount slab currency and effective date fora TD The rate is picked up at the time of booking The rate is further picked up only at the time of liquidation rollover redemption operations based on re population flag at IC product level Note that you will not be able to modify this preference once the record is authorised RY ORACLE Re pick up Account Class Tenor On Rollover Check this box to enable re pick up of the account class tenor on rollover If
262. pe interest component you should use the common accounting roles and amount tags Normal TD with Simple Interest You can set up event wise accounting entries and advices for the product as suggested below Sample accounting entries for IC Product with Rule ID APOZ2 are given below DEBK Book Accounting Entries Accounting Role Amount Tag Dr Cr Indicator TDACCOUNT TD PRINC Credit TDOFFSET TD PRINC Debit IACR Interest Accrual Accounting Entries Accounting Role Amount Tag Dr Cr Indicator AP02 PNL 1 IACR Debit AP02 ACCR 1 IACR Credit AP02 PNL_ADJ 1 IACR ADJ Debit AP02 ACR_ADJ 1 IACR ADJ Credit 8 19 ORACLE 8 6 2 3 ILIQ Interest Liquidation Accounting Entries Accounting Role Amount Tag Dr Cr Indicator AP02 ACCR 1 ILIQ Debit AP02 PNL_ADJ 2 IACQUIRED Credit AP02 BOOK 2 IACQUIRED Debit APOZ BOOK 1 IACQUIRED Credit AP02 ACQUIRED 1 IACQUIRED Debit APO2Z BOOK 1 ILIQ Credit AP02 BOOK 3 TAX_ADJ Debit AP02 TPBL 3 TAX Credit AP02 BOOK 3 TAX Debit AP02 PNL 2 ILIQ Credit AP02 BOOK 2 ILIQ Debit AP02 TPBL_ADJ 3 TAX_ADJ Credit 8 6 2 4 IMAT Interest Maturity Accounting Entries Accounting Role Amount Tag Dr Cr Indicator INT LIQD IMAT Debit INT BOOK IMAT Credit PRINC LIQD PMAT Debit PRINC BOOK PMAT Credit 8 6 3 TD with Rate Chart Allowed You can set up event wise accounting ent
263. pe of statement to be generated periodically by the system for this account You can specify whether you want a detailed or summary statement or if you do not want a statement for this account at all Statement Account Specify the account for which the statement has to be generated The adjoining option list displays all valid accounts maintained in the system You can select the appropriate one Exclude Same Day Reversal trns from Stmt If you do not wish transactions booked and reversed on the same day to be reflected in the account statement you can specify the preference here This feature is applicable only for the customer account legs and not for the related GL legs Also reversals made through the DE module will not be considered for exclusion This specification is defaulted from the account class linked to the account You can change it for a specific account Specifying Joint Holder Details Click Joint Holders button on the Deposit Account Booking screen and invoke the Joint Holders screen Joint Holders Branch Account Number Customer No List of Joint Holders 1 Of 1 MI Customer No Customer Name Joint Holder Type Start Date End Date Customer Contact Person v Specifv the following details Account Number The svstem displavs the account number here Customer No The svstem displavs the customer account number oe ORACLE Branch Code The system displays the branch
264. pecify the account name of the counter party for the pay out Currency Specify the currency of the counter party for the pay out 5 24 ORACLE 5 11 4 Beneficiary Details Specify the following details Beneficiary Name Specify the name of the beneficiary for the pay out Beneficiary Address Specify the address of the beneficiary for the pay out Passport IC Number Specify the passport or identification card number of the beneficiary for the pay out Narrative Specify the description for the pay out Note that the system will process TD payout through PC transfer using a bridge GL that is specified for the account class in the Deposit Account Details screen Refer the section Maintaining Deposit Details in the chapter Term Deposit Maintenance for details about the bridge GL Capturing Payout Interest Details for Child TD As mentioned before if you have opted for creation of a child TD on maturity of the parent TD you need to specify interest details of the child TD Click Interest button on the Term Deposit Payout Details screen and invoke the Term Deposit Interest screen uo ORACLE In this screen the system defaults all the parameters maintained for the parent TD However you can modify them Term Deposit Interest Account Details Calculation Account _ Interest Rate Based on Interest Booking Account Cumulative Amount Charge Booking Account Interest Start D
265. plays the following values e PDF 1925 ORACLE 10 13 1 e HTML e Excel e RTF Report Output Select the output for the report from the adjoining drop down list This list displays the following values e Print Select this option if you wish to print the report e View Select this option if you wish to view the contents of the report e Spool Select this option if you wish to spool the report for further use Printer At Select the location where you want the report to be generated from the options provided in the adjoining drop down list This list displays the following values e Client e Server Printer Specify the name of the printer or select it from the option list provided The adjoining option list displays all the configured printers This is applicable only if you have specified the output as Print Click the Ok button to generate the report Click Exit to return to the Reports Browser Contents of the Report The parameters specified while generating the report are printed at the beginning of the report The contents of the report are discussed under the following heads Header of the report The header of the generated report will have the following information Field Name Field Description Branch Current Branch Code and branch Name Branch Date Current Branch Date User ID Operator generating the Report Report From Date Date from which the report is generated
266. posit amount Principal amount Deposit Amount is considered as the transaction amount e Term Deposit Redemption The redemption amount will be considered as follows Full Redemption The deposit account balance as on redemption date will be considered for limit validation If there is any interest portion as part of the redemption transaction it will not be considered for limit validation Partial Redemption The redemption amount entered by the user for the partial redemption only be considered for the limit validation If there is any interest portion as part of the partial redemption transaction it will not be considered for limit validation e Recurring Deposit Opening Installment amount is considered as the transaction amount e Recurring Deposit Redemption The RD account balance as on date of redemption full will be considered for validation If there is any interest portion as part of redemption transaction will not be considered for validation e Top up Deposit For top up deposits only the top up amount is considered for limit validation e Manual renewal In case of manual renewal the total renewal amount is validated against the limit The role level limit control is applicable for the Term Recurring Deposit transactions made through the following screens e STDCUSTD Deposit Account Booking oe ORACLE ICDREDMN Term Deposits Redemption Input Applicable only for Manual redemption and Ma
267. ption Details Redemption Execution Date Redemption Mode Partial Redemption Redemption Amount Payment Details of Redemption Interest Rate Total Interest Penalty Amount Tax Amount Net Interest Net Payable Amount Deposit Details After Redemption Term Deposit Amount Interest Rate interest Earnings Tax Deductions New Maturity Amount APY View Print Advice Redeem Deposit Input By Authorized By Date Time Date Time Authorization Status Status Specify the following details Existing Deposit Details Account Number Specify the term deposit account number The adjoining option list displays the existing TD account numbers Select the appropriate one 6 89 ORACLE Click the P button The system validates the account number and defaults the following fields Account Branch The system displays the branch code in which the account is maintained on click of New button Account Description System displays the description of the account Account Currency System displays the currency of term deposit account Customer Number System displays the customer number based on the account number Customer Name System displays the customer name based on the customer Id Current Deposit Details Account Open Date The system displays the date on which the existing deposit is opened Principal Balance The system displays the principal balance of deposit Account Balance Syste
268. r Date Time Mod No Record Status Authorization Status The following details are captured here Account Number Select the account number from the adjoining option list On the click of P button the following details related to the selected account is populated in the screen Account Description The description of the selected TD account is displayed here You cannot modify this Account Branch The branch code where the selected TD account is available is displayed here You cannot modify this Currency The currency of the selected TD account is displayed here You cannot modify this Customer Name The name of the customer holding the TD account is displayed here Customer No The code of the customer holding the TD account is displayed here Top up Reference Number A system generated reference number for the top up transaction is displayed here G2 ORACLE Current Deposit Details Interest Start Date The date from which the interest on the TD account should be calculated is displayed here You cannot modify this Principal Balance The principal balance amount of the term deposit is displayed here You cannot modify this In case a partial redemption is made to the TD account the principal balance is arrived at by subtracting the partially redeemed amount from TD amount Any interest liquidated to TD account during partial redemption will not be considered in principal balance Maturity Amount Th
269. r from the account class to the TD account However you can modify the tenor The maturity date is arrived based on the account tenor The holiday calendar is applicable for maturity date during TD opening including sweeps and TD rollover auto manual If there is a change in maturity date due to the holiday calendar then system considers the tenor based on the value Default Tenor You can define a tenor for the deposits that are opened under an account class Deposits opened under the account class will automatically acquire this tenor However you can change the tenor to suit the requirements of a specific deposit The default tenor should be within the minimum and maximum range specified Days Specify the default tenor in terms of days Months Specify the default tenor in terms of months Years Specify the default tenor in terms of years Maximum Tenor Specify the maximum tenor for which deposits can be created under this account class If the term deposit is booked beyond the maximum tenor then the account fails to save and the system displays following error message Tenor of deposit is greater than the maximum tenor of the deposit Days Specify the maximum tenor in terms of days Months Specify the maximum tenor in terms of months Years Specify the maximum tenor in terms of years Minimum Tenor Specify the minimum tenor for which deposits should be created under this account class If the term
270. r principal to unclaimed GL Accounting Role Choose PRN_UNCLAIMED INT_UNCLAIMED and MAT_UNCLAIMED from the adjoining list Account Head Attach INT_UNCLAIMED to a miscellaneous GL for unclaimed interest for eg 25691234 Similarly map PRN_UNCLAIMED and MAT_UNCLAIMED to a miscellaneous GL for unclaimed principal for eg 25691235 923 ORACLE 3 6 2 Linking TD Account Class to Interest Product You can link the TD Account Class to the Interest product in the Interest and Charges Interest Product Preferences screen Click Preferences button on the Interest and Charges Product Maintenance screen and invoke the following screen interest Product Preferences Product Code UDE Currency Account Currency v Description Main interest Rate UDE Accrual Product Level PaymentMethod Bearing Accrual Day 0 Discounted Frequency Daily 7 LBL_AMTBLKFORDIS Cycle None Calculation and Liquidation Days First Liquidation On Months 0 Liquidation at Month Ends Year 0 Start Date __ Start From Account Back Value Recalculation Opening Flag C Refund Tax on Pre Closure Defer Liquidation Defer Liquidation Days 0 OD interest reversible Liquidation Before Month End Defer Before Month End Days 0 ILM Parameters ILM Product ILM Type Debit Interest Notification Receivable General Ledger Redemption Advice Required Account Details 1 Of 1 Account Class D
271. re You cannot modify this Interest Rate The new interest rate to be applied on the top up deposit which is maintained at the account class level is displayed here Maturity Amount The amount that you will get on maturity of the top up deposit is displayed here Viewing Top up of Term Deposits Summary You can view the details of top up TDs using the Top up of Term Deposit Summary screen 64 ORACLE To invoke this screen type STSTDTOP in the field at the top right corner of the Application tool bar and click the adjoining arrow button Top Up of Term Deposit Summary X S Execute Query CT Advanced Search 9 Reset L Clear All Case Sensitive Authorization Status Record Status m Account az Top up Value Date laz Top up Amount az Top Up Reference Number nal Customer No la Currencv FE Branch Code az Date Maturitv Amount After Top up Customer No Customer Name Currency Branch Code Maker ID Release Time m You can search records based on the following parameters e Authorization Status e Record Status e Account e Top Up Value Date e Top up Amount e Top up Reference Number e Customer No e Currency e Branch Click Execute Query button System fetches and displays all records matching with the entered query parameters The following details pertaining to each record are displayed e Authorization Status e Record Status e Account e Accou
272. re dated If you do not specify the effective date system defaults the current date here Expiry Date Specify the expiry date If you do not specify the expiry date on save system defaults the current date here The block will be released on EOTI of the specified expiry date The record status will remain as open until the block record is closed This is irrespective of amount block expiry however you cannot modify the amount block after the expiry date Reference Number Specify the reference number Hold Description The system displays the description for the hold code specified Remarks Specify remarks if any Denominated Deposit Certificate Details Amount blocking of a denominated certificates can be done using TD Amount Block Input screen In case of manual TD amount block you can designate the denominated certificates supporting the block Once a certificate is designated for block the status of the certificate will be modified to Amount Blocked from issued re denominated rollover issue or duplicate status automatically 9 59 ORACLE 5 17 Specifv the following details for capturing amount block details for denominated deposit certificates Select All Check this box to select all certificates for the account Certificate Number Select the certificate number from the option list The list displays all active certificates issued for the account Certificate Status This indicates the current status
273. redit Cr Uncollected Cr Opening Daily Turnover Dr Daily Turnover Cr Debit Dr Credit Cr Current LCY Accrued Interest Dr Accrued Interest Cr Interest Due Charge Due Last Transaction Date Debit Credit DR Activity CR Activity Unauthorized Tanked Dr Unauthorized Tanked Cr Unauthorized Tanked Uncollected Turnover Limit Details Current Period Currency Maximum Credit Turnover Allowed Deposited In Current Period Turnover ChangeLog 4 15 ORACLE 4 1 2 1 4 1 3 The total available balance displayed by the system includes the initial funding amount and unutilized line amount in case the customer enjoys an OD limit You can also view the outstanding debit interest and or charges due on the account as on the current date You can also view the amount that can be withdrawn against uncollected funds on the account The system computes the allowable amount based on the Withdrawable Uncollected Funds Basis option specified in the Branch Parameters Preferences screen Unposted When this branch is under EOD processing the inter branch transactions that have originated from other branches are tanked The funds are made available automatically after BOD and till such time they are treated as unposted items Viewing Turnover Amounts In the Customer Account Turnover Amounts screen you can view the total turnover of this customer account from the first date of th
274. reen The following screen will be displayed Interest Payout Details Branch Currency Account Bankers Cheque Demand Draft ile Counterparty Counterparty Bank Code Counterparty Account Currency Beneficiary Details Beneficiary Address Beneficiary Name PasspormtiC Number Narrative Counterparty You can specify the following counterparty details here Counterparty Bank Code Specify the counterparty bank code The adjoining option list displays all the counterparty bank codes maintained in the system You can choose the appropriate one QAL ORACLE Counterparty Account Specify the counterparty account The adjoining option list displays all the counterparty bank codes maintained in the system You can choose the appropriate one Currency The system displays the instrument currency Beneficiary Details You can specify the following beneficiary details here Beneficiary Name Specify the beneficiary name Passport Number Specify the passport number of the beneficiary Narrative Enter a brief description of the beneficiary Beneficiary Address Specify the beneficiary address Note The system supports the following payout options for interest payout Account General Ledger Bankers Cheque Demand Draft Payments and Collections If payout details are maintained for interest component then interest liquidation happens on the basis of payout details maintained for intere
275. rest booking account has to be the TD account For this option you should not specify the payout details If you select this option then the system will roll over the principal and interest amount on TD maturity date e Special Amount If you choose this option the system will roll over the amount specified in Rollover Amount field irrespective of what the interest booking account is Upon maturity of the rolled over TD the system will roll over with the same amount special amount and settle the interest amount as per TD pay out details maintained e Interest For you to choose this option the interest booking account has to be the TD account Also you should specify the principal payout account and leave the interest payout account If you select this option then the system will roll over the interest amount on TD maturity date The principal will be settled as per the pay out details maintained This option is not allowed for discounted deposits You should choose the maturity instruction as Auto Rollover to select any of these above options The system will select the option Principal and disable this field if you check the box Close on Maturity At the time of TD rollover in case of discounted interest only Principal can be rolled over The Cumulative option is not allowed with Discounted Interest option The interest computed during deposit booking with discounted option will be paid to the interest book
276. ries and advices for the product as suggested below Sample accounting entries for IC Product with Rule ID RCO2 are given below 8 20 ORACLE 8 6 3 1DEBK Book Accounting Entries Accounting Role Amount Tag Dr Cr Indicator TDACCOUNT TD PRINC Credit TDOFFSET TD PRINC Debit 8 6 3 1 IACR Interest Accrual Accounting Entries Accounting Role Amount Tag Dr Cr Indicator RCOZ PNL 1 IACR Debit RCOZ ACCR 1 IACR Credit RCOZ PNL ADJ 1 IACR ADJ Debit RC02 ACR_ADJ 1 IACR ADJ Credit 8 6 3 2 ILIQ Interest Liquidation Accounting Entries Accounting Role Amount Tag Dr Cr Indicator RC02 BOOK 2 ILIQ Debit RCOZ BOOK 1 IACQUIRED Credit RCOZ ACQUIRED 1 IACQUIRED Debit RCOZ BOOK 2 IACQUIRED Credit RCOZ PNL ADJ 2 IACQUIRED Debit RCOZ PNL 2 ILIQ Credit RC02 BOOK 3 TAX_ADJ Debit RC02 BOOK 3 TAX Credit RC02 TPBL_ADJ 3 TAX_ADJ Debit RCOZ BOOK 1 ILIQ Credit RCOZ ACCR 1 ILIQ Debit RC02 TPBL 3 TAX Credit 8 21 ORACLE 8 6 3 3 8 6 4 8 6 4 1 8 6 4 2 IMAT Interest Maturity Accounting Entries Accounting Role Amount Tag Dr Cr Indicator INT LIQD IMAT Debit INT BOOK IMAT Credit PRINC LIQD PMAT Debit PRINC BOOK PMAT Credit Recurring Deposit Scheme You can set up event wise accounting entries and advices for the product as suggested below Sample accounting entries for IC Product with Rule ID T
277. rrency and Branch Holiday If the maturity date is a holiday as per the deposit currency and branch calendars then system moves the maturity date to the last working day of the month Holiday Movement Select the working day to which the holiday should be moved from the adjoining drop down list This list displays the following values e No Change If you select this option then there is no change in the maturity date Also system ignores the value selected for Maturity Date Across Months By default this option is selected e Previous Working Day In case the computed maturity date is a holiday then system moves the maturity date to the previous working day for the corresponding Holiday Calendar chosen e Next Working Day In case the computed maturity date is a holiday then system moves the maturity date to the next working day for the corresponding Holiday Calendar chosen Holiday movement is adjusting the next maturity date when the maturity date falls on a holiday based on the Holiday Calendar chosen Holiday Movement is not applicable if you select Ignore option for Holidav Calendar on ORACLE Note You cannot modify the Holiday Movement if there are active account under the account class Maturity Date Movement Across Months Select the maturity date movement across months from the adjoining drop down list e Allowed The maturity date is moved across months If the computed maturity dat
278. rt en nneennnnnnnnnenannnrnnnnnannnnnn ann 10 13 10 8 1 Contents of the Report 10 13 10 9 Term Deposits Opened for the Period Report 10 14 10 9 1 Contents Of the Report 10 15 10 10 Term Deposits Closed for the Period Report ss 10 16 10 10 1 Contents Of the Report 10 18 10 11 Term Deposits Account Renewed Report 10 19 10 11 1 Contents Of the Report 10 20 10 12 Term Deposits Account Maturity Report 10 21 10 12 1 Contents of the Report 10 21 11 10 13 Term Deposit Account Maturity Date Change Report nn 10 23 10 13 1 Contents of the Report 10 24 10 14 TD Account Maturity Date Falling on a Holiday Report 10 25 10 14 1 Contents of the Report 10 26 10 15 TD Account Maturity Date not Adjusted Report ss eeenennnnnnnnnn 10 27 10 15 1 Contents of the Report 10 29 10 16 Tax Deduction Report 10 30 10 16 1 Contents of the Report 10 30 10 17 Term Deposits Exceeding Lien Limits Report ss 10 32 10 17 1 Contents of the Report 10 32 10 18 Unclaimed Deposits Transferred for a Day L ne nnnnnn a 10 33 10 18 1 Contents of the Report 10 34 10 19 Term Deposits Topped up During the Period 10 34 10 19 1 Contents of the Report 10 36 10 20 Ad Hoc Combined Statement nn 10 37 10 20 17 Charge Details sorrir ea andi ade es i sada i eed hn EE EEE EnaA 10 38 10 20 2 Combined Statement Generation Report 10 39 Function ID Glossary iii ai i a nnana 11 1 1 1 1 2 1 3 1 4 1 Preface
279. s the next maturity date based on the previous tenor of the deposit Deposit Tenor Select the deposit tenor type The following options are available e Account class tenor If you select this the system will default the default tenor from the account class This is represented in terms of days months and years You cannot edit it The maturity date is displayed based on the tenor specified e Account tenor If you select this the system displays the original tenor of the parent TD The tenor is represented in days months and years You cannot change this e Independent tenor If you select this you can specify the tenor in terms of days months and years The default value of the independent tenor will be null e The tenor should be specified within the minimum and maximum tenor limits maintained at the account class level The tenor months cannot be greater than 11 months and if tenor months is specified the tenor days cannot be greater than 30 days Years This indicates the number of years in the original tenor Months This indicates the number of months in the original tenor Days This indicates the number of days in the original tenor If the maturity date falls on the holiday the system adjusts it Rollover Tenor The deposit tenor has following options as below e Account class tenor If you select this the system displays the account class tenor in days months and years You cannot change this The system
280. sit amount is taken from the limit attached the account In this case during save system displays the configurable override message The limit amount attached to the account is used for deposit pav in e Ifthe deposit is opened using the funds from a CASA account which does not have sufficient funds and the limit line attached to the CASA account is expired then on save system displays an override message The pay in account does not have sufficient balance to open the deposit account and the limit line attached to the account is expired e When a deposit account is created or topped up with the pav in from a CASA account if the account does not have funds but has a limit line attached to the account and after considering the limit if the funds are still insufficient then during save system displays the configurable override message Insufficient funds to open the deposit account should be displayed during save to the user a ORACLE 3 2 3 3 Viewing Payin Parameters Summary You can view summary of all payin parameters using the Term Deposit Payin Parameters Summary screen To invoke this screen type STSTDPAV in the field at the top right corner of the Application tool bar and click the adjoining arrow button Ct advanced Search 9 Reset Authorization Status Record Status Branch Code kz Payin Option PayinbyGL Records perpage 15 7 First Previous 14 of 4 Ne
281. specify here You can modify it any time Deposit Tab Deposit Preferences for Child TD Click Deposit tab to capture deposit related details of the child TD if you have opted for creation of a child TD on maturity of the parent TD The system defaults all the parameters maintained for the parent TD in this screen However you can modify them Term Deposit Interest Account Details Interest Deposit Tenor Account Class Tenor Rollover Tenor B Account Class Tenor Account Tenor Account Tenor Independent Tenor Independent Tenor Years Years LBL_DEPTENORMONTH Months Days Days Maturity Date Next Maturity Date Auto Rollover Rollover Type B Principal Close on Maturity Principal Interest Move Interest to Unclaimed Special Amount Move Principal to Interest Unclaimed Rollover Amount Rollover Interest Rate Based on Cumulative Amount Term Deposit Payout Details 1 0f1 Payout Type Percentage Offset Branch Account Narrative E Account Payout Parameters You need to capture the following details here Deposit Tenor Select the deposit tenor type The following options are available e Account class tenor If you select this the system will default the default tenor from the account class This is represented in terms of days months and years You cannot edit it The system will not display the next maturity date as account class tenor is subject to change e Account tenor If you se
282. splayed in the report Field Name Field Description 1072 ORACLE 10 3 Customer Number This indicates the customer number whose fixed deposit details are reported Customer Type This indicates the customer type of the above customer Account No This indicates the TD account number whose details are gener ated in the report Customer Name This indicates the full name of the customer based on the cus tomer number Officer ID This indicates the unique id of the customer Currency This indicates the account currency Deposit value date This indicates the value date of the deposit transaction in an account Maturity date This indicates the maturity date of a deposit account Deposit Term in days This indicates the term tenor of the deposit account Deposit Amount LCY This indicates the deposit amount of the account in local currency Deposit Amount This indicates the deposit amount in account currency for an account Interest Rate This displays the interest rate of the account Maturity Amount This displays the maturity amount as per new calculation Lien Amount This indicates the Lien Details Amount Blocked of an account Stock Catalogue Code This displays Stock Catalogue Code for the TD certificate number Certificate No This indicates the certificate number issued for TD account Duplicate Issue This in
283. ss line 2 _ADD2_ Customer address line 3 _ADD4_ Customer address line 4 _CCY_ Currency of Term Deposit _AMT_ Term deposit amount DEPTTENOR Term Deposit Tenor _ORGDEPTENOR_ Original tenor of deposit before holiday adjustment __DEPTTENORADJ_ Value Y if tenor is adjusted due to holiday else NULL _MATDATE_ Maturity Date _ORGMATDATE _ Original maturity date of deposit before holiday adjustment _MATADJ_ Value V if Maturity Date Adjusted due to holiday else NULL _MATHOL_ Value Y if maturity date is falling on a holiday else NULL Redemption Advices This redemption advice will be generated only for term deposits with option Redemption Advice Required checked at the product level A message type TD REDM will be used Tag Description ORACLE _BRANCH_ Branch code of the term deposit _REF_ TD account number _BRANCHNAME _ Branch name where term deposit is held _BRNADD1_ Branch address line 1 _BRNADD2_ Branch address line 2 _BRNADD3_ Branch address line 3 _CUSTID_ CIF ID _CUSTNAME _ Customer name _ADD1_ Customer address line 1 _ADD2_ Customer address line 2 _ADD2_ Customer address line 3 _ADD4_ Customer address line 4 _CCY_ Currency of Term Deposit _AMT_ Term deposit amount _TOTREDMAMT _ Total Redemption amount _MATDATE__ Maturity Date _REDMDATE _ Redemption dat
284. st component However if payout de tails are not maintained for interest component then interest liquidation happens on the ba sis of interest book account specified If payout type is chosen as Account or GL for interest component then interest liquidation happens on the basis of offset account mentioned in the Term deposit payout details multi grid If payout type is chosen as Demand Draft Banker s Cheque or Payments and Col lections for interest component then interest liquidation happens on the basis of payout de tails maintained in the Interest Payout Details sub screen Interest payout through as Demand Draft Banker s Cheque or Payments and Collections happens through the same bridge GL used for principal payout The system does not support payout option as Term Deposit Interest payout is not supported if rollover type is interest or principal and interest For In terest rollover type interest liquidation will be done based on the interest book account oe ORACLE 5 13 Viewing Rollover History Details You can view Rollover History details in TD Rollover History screen Click on Rollover History to invoke this screen TD Rollover History Branch Code Account No Rollover History 1 Of 1 Sequence Number Rollover Date Rollover Type Principal Interest The following details are defaulted in the above screen e Sequence Number e Rollover Date e Rol
285. stem displays the account currency of the payment account Note Note the following The system enables the offset account and branch detail fields only if the option to pay is selected as the savings account The Unclaimed Interest and Principal GLs are specified while maintaining an Interest and Charges IC Deposit Type product The Accounting Roles for the GLs are INT UNCLAIMED and PRN_UNCLAIMED respectively When maintaining an IC Deposit type product you have to map these Accounting Roles to the appropriate GLs maintained at your bank The system allows you to select Close on Maturity box only when you specify the recurring deposit details You have to maintain deposit transaction code as DPN SIB ORACLE RD Payment transaction code as RED and prepayment transaction code as TRF for the recurring payments in the Branch Parameters for the Interest and Charges Onbooking date RD installment accounting entries are posted during the IC batch Post End of Transaction Input stage From the second installment entries are posted during every IC BOD batch on the schedule date Ifan RD installment is overdue due for insufficient funds in the payment account then the system will collect the overdue installment amount as soon as funds are available during the IC batch Post End of Transaction Input stage on that day During the same batch the system will also calculate the number
286. stomer address 3 _ADD4_ Customer address 4 _TERMDEPAMT _ Amount of Term Deposit TERMDEPAGC Term Deposit Account Number _TENORY_ Tenor Term in years _TENORM __ Tenor Term in months _TENORD _ Tenor Term in days _VDATE_ Opening date _CCY_ Currency _XRATE_ Applicable Rate _SPLAMT __ Interest Amount _SPLCCY_ Interest Amount currency _SPLAMTWORDS _ Interest Amount in words _MATAMT_ Maturity Amount _MATAMTWORDS _ Maturity Amount in words _CCY_ Maturity amount currency _MDATE_ Maturity Date _INTPAIDOUT _ Interest paid out as on simulation date _INTPAIDOUTWORD _ Interest paid out amount in words _CCY_ Currency _TAXCOLL_ Amount of tax collected as on redemption ORACLE Advice Tag Description _SPLCCY __ Tax Currency _TAXAMTWORDS _ Tax amount in words _TDATE_ TD Booking date _REDDATE_ Date of redemption _REDMODE _ Mode of redemption _REDAMT_ Amount of redemption _REDMATWORD _ Redemption amount in words _NEWRATE Interest rate applicable for current redemption _INTAMT__ Amount of interest payable for current redemption _SPLCCY_ Interest Amount Currency _INTAMTWORD Interest amount in words _PENAMT_ Amount of penalty applicable for current redemption _CCY_ Penalty Amount Currency _PENAMTWORD Penalty amount in words _TAXAMT_ Amount of tax applicable for current redemption _SPLCCY_ Tax Amount Currency _TAXAMTW
287. stomer selected First Nominees Specify the first person to hold the right to the simulated account balance after the customer s expiration DCN The Delivery Control Number used for uniquely identifying a message in Oracle FLEXCUBE is displayed here Second Nominees Specify the secondary person to hold the rights to the simulated account balance after the customer s expiration Account Open Date The date on which the account has to be opened is defaulted based on the account class selected here You can however change the value of the opening date of account Media Select the media to communicate account related details to the customer such as account maintenance related charges fees interest etc from the option list You can choose either of the following e Mail e Telex e SWIFT e Fax Type The type of account is defaulted based on the account class selected However you can select the type of deposit account that you are maintaining a simulation for you can select any one of the following options e Single e Joint Clearing Bank Code The code for the bank serving as clearing house for the simulated account is displaved here Clearing Account Number The account number for the clearing activitv for the simulated account is displaved here Alternate Account Number Specifv an alternate account for the simulated account Generating and Viewing Account Certificate To generate the details of TD account in cert
288. stomer will not be charged Open By default each charge consolidation charge setup that you set up is enabled and active You can also disable the setup by checking the Open box Waive Charges You can choose to waive charges for an account Specifying Linked Entities Click Linked Entities button on the Deposit Account Booking screen and invoke the Linked Entities screen Linked Entities Account Number 1 Of 1 Customer Customer Name Relations Include Relationship Specify the following details Customer Select the customer from the option list with whom you want to establish the relationship with the account that you are maintaining Description In this field the system displays the name of customer that you have selected in the previous field You cannot change the description Relations By default the system will select the customer of the account as the Primary Holder This is a pre shipped relationship and you will not be allowed to change the relationship Include Relationship Check this box to indicate that relationship should be inherited for all transactions a ORACLE 5 5 Specifying Restrictions Click Restrictions button on the Deposit Account Booking screen and invoke the Products and Transaction Codes Restriction screen gt Products and Transaction Codes Restriction Product Details Product List Disallowe
289. t Report Output Print x Printer Specify the following Branch Code Select the current branch code from the adjoining option list Branch Name The branch name of the selected branch code is displayed here Account Number Select the account number from the adjoining option list Customer Number Select the customer number from the adjoining option list Customer Name The customer name of the selected customer is displayed here From Date Specify the date from which the report for topped up TD account should be generated To Date Specify the date till which the report for topped up TD account should be generated Report Format Select the format in which you want to report to be generated from the options provided in the drop down list This list displays the following values e PDF e HTML e Excel e RTF Report Output Select the output for the report from the adjoining drop down list This list displays the following values e Print Select this option if you wish to print the report 10 39 ORACLE 10 19 1 e View Select this option if you wish to view the contents of the report e Spool Select this option if you wish to spool the report for further use Printer At Select the location where you want the report to be generated from the options provided in the adjoining drop down list This list displays the following values e Client e Server Printer Specify the name of the printer or
290. t Record Status Branch Code Pay In Option Pay In Opt Authoriza Record St You can query on records based on any one or all of the following criteria e Authorization Status e Record Status e Branch Code e Payin Option Click Search button The system identifies all records satisfying the specified criteria and displays the following details for each one of them e Authorization Status e Record Status e Branch Code e Payin Option Double click on a record to invoke the detailed screen for that record Maintaining Closing Mode When you close an account the system checks whether any Interest Charge IC products linked to the account are pending liquidation If the account does not have any IC products pending liquidation the system will display list of Close Out modes to facilitate account closure You can maintain the closing modes using Term Deposit Closing Mode 2 ORACLE Maintenance screen To invoke this screen type STDCLOSE in the field at the top right corner of the Application tool bar and click the adjoining arrow button LBL_ACCLOSE_MAINT Fi New amp Enter Query Close Mode Product Description Debit Credit Credit v Input By Authorized By Modification Date Time Date Time Number L Authorized E Open Specify the following details Closing Mode You need to maintain the following modes e CASH This indicates closure by cash
291. t Select Credit from the adjoining drop down list Days in a Month Select Actuals from the adjoining drop down list Days in a Year Select Actuals from the adjoining drop down list Accrual Required Check this box Rounding Required Check this box Click Formula Wizard button and invoke the Formula Wizard screen Specify the following expression Case Result DEP_AMT_INIT gt 0 DEP_AMT_INIT TD_1 DAYS YEAR 100 Formula 2 Specify the following details Book Flag Select Booked from the adjoining drop down list Debit Credit Select Debit from the adjoining drop down list 912 ORACLE 9 2 4 1 Days in a Month Select Actuals from the adjoining drop down list Days in a Year Select Actuals from the adjoining drop down list Rounding Required Check this box Click Formula Wizard button and invoke the Formula Wizard screen In this screen you need to maintain the following expression Case Result DEP_AMT_INIT gt 0 AND PENALTY_BASIS DAYS_FROM_START TD_PNL PENALTY_APPLY 1 YEAR 100 Formula 3 Specify the following details Book Flag Select Tax from the adjoining drop down list Debit Credit Select Debit from the adjoining drop down list Days in a Month Select Actuals from the adjoining drop down list Days in a Year Select Actuals from the adjoining drop down list Accrual Requ
292. t effective dates if the values of UDEs vary within the same liquidation period If this box is unchecked then on save system displays the error message Special condition not maintained for the account UDE Values Specify the following details 50 ORACLE User Defined Element ID Specify the UDE for which value is given The adjoining option list lists all UDEs maintained for the Interest Rule You can select the appropriate one UDE Value Specify the value of the UDE For a fixed interest rate you can specify a numeric value Rate Code If you want to use a floating rate instead of a fixed rate you should specify a valid IC rate code The system will pick up the applicable rate based on the branch currency and effective date combination maintained for the rate code in the Interest amp Charges Rate Input screen ICDRATMA For a given tenor the system picks up the applicable rate as per the effective dates defined for the rate code If a floating rate has to be used instead of fixed rate IC rate code defined in the screen ICDUDVAL will be defaulted to the TD account On every rate change for the effective dates the system will apply new rate to TD account effective from that date In the corresponding IC rule you need to ensure that UDE Type is maintained as Rate for interest rate pick up for this account If at the IC Rule the UDE Type is maintained as Rate as Rate Code then the rate for IC rate code wi
293. t for the partial redemption Ensure that that the redemption amount is less than the account balance On partial redemption only the principal amount is withdrawn The interest amount applicable for the partially redeemed principal is liquidated to the interest booking account specified at TD level The system will validate for the following e During partial redemption the withdrawal amount should be a multiple of withdrawal unit maintained at the Deposits Cluster Maintenance level else the system will display the error message Withdrawal amount must be multiples of withdrawal unit e Withdrawal amount should be greater than minimum booking amount maintained at the Deposits Cluster Maintenance level else the system will display the error message Withdrawal exceeds minimum balance level Principal and Interest Details The system displays the following principal and interest details Principal Amount The system displays the amount paid at the time of term deposit booking when you click on the Compute button oe ORACLE Interest Rate The system displays the current interest rate applicable after partial full redemption when you click on the Compute button On redemption for rate chart allowed TD s the system picks the rate again based on the amount slab and tenor Maturity Amount Revised maturity amount is displayed here based on the current redemption maintained when you click C
294. t record 5 20 Input and Authorization Limit Validation for TD and RD The role level limit set up for a user in Role Limits Maintenance SMDRLMNE screen is applicable for Term Deposit and Recurring Deposit transactions If the user has auto ot ORACLE authorization rights while saving the transaction input limit is validated first If the input amount is within the input limit then subsequently the authorization limit is validated At the time of input authorization of a deposit transaction if there is a breach of limit then system displays a configurable override message Note The role level limit set up done in SMDRLMNE screen is not applicable for branch screens You can set up a common limit for each channel and for all the deposit transactions done through a channel validation is done against that limit Limit restrictions will not be validated during deposit amendment Limit validations are applicable for excel upload Limit restrictions are not applicable for all type of simulation screens Limit validation is applicable only for the following types of deposits e Normal Deposits including Denominated deposits e Recurring Deposits e Discounted Deposit Limit validation is not be applicable for the following types of deposits e Auto Deposit e Sweep e Structured Deposit Limit validation is applicable for the following types of transactions e Term Deposit Opening Term De
295. t will be applicable till a rate with another Effective Date is given for the same Rate Code and Currency combination el ORACLE 3 7 1 3 7 2 3 7 3 Borrow Lend Indicator For every Amount Slab Effective Date combination you should define the rate to be applied as a borrow rate a lend rate or a mid rate Borrow rates are applied for loans taken by the bank and lend rates applied on loans disbursed Tenor and Interest Rates The rates that will be applied for a given combination of Amount Slab Effective date Lend Borrow Indicator can be tenor based In this screen you can also define interest rates for different tenors For instance for an amount slab you can maintain rates for the Rate Code LIBOR for tenors 1 30 Days 30 90 Days and so on If you do not maintain tenor wise interest rates you have to maintain the tenor as 0 and then specify the rate This is mandatory to save the details Maintaining Parameters for Premature Withdrawal of TD Oracle FLEXCUBE allows you to capture current TD balance amount using the SDE DEPOSIT_AMOUNT which will consider TD amount sum of partial redemption amount You need to maintain the parameters by capturing the Interest rates on the basis of tenor minimum amount currency and effective date for a TD Based on these parameters the system picks the corresponding rate during Normal Maturity Pre Closure and Partial Redemption of TD Oracle FLEXCUBE also provi
296. tails are captured here Denomination Allocation Details The following denomination allocation details are captured here Denomination ID Specify the denomination id here Alternatively you can also select the denomination ID from the adjoining option list The list displays all denomination ids allowed at the account class level Denomination Description This is defaulted from the account class level Denomination Value This is defaulted from the account class level Units Specify the required units here Total Amount The Total Amount which is Denomination value x Units is displayed here Certificate Status Query Modification After a deposit is opened you can perform a query or modification on the certificate status of a deposit Select the type of query or modification that you want to perform on the certificates from the following options a ORACLE e Active Certificate Only e Single Certificate Number e All Certificates Certificate Number Select the certificate number from the adjoining option list for which the status has to be changed or queried on Denomination Value This is defaulted from the account level Issue Date The date of issuance of the certificate to the deposit is displayed here Current Status The current status of the certificate is displayed here New Status You can select the new status of the certificate from the adjoining drop down list The following options are available
297. tart Date Specify the date from which the account class should become active using the adjoining calendar You will be able to create deposit accounts under this account class only from this date End Date You can also specify the life span of the account class by indicating the end date The end date for an account class refers to the termination date after which creation of new account under the account class is disallowed Consequently the option list for Account Class in all further transactions screen in Oracle FLEXCUBE will not display the expired account class as of the system date However the existing accounts for the account class will be active even after the end date Note If you do not specify an End Date for the account class the account is taken to be an open ended account class Account Details Tab This tab is displayed by default on invoking the Account Class Maintenance screen a ORACLE Account Code As per your bank s requirement you can choose to classify account classes into different account codes The bank can decide the manner in which the account classes are to be assigned to different account codes An account code can consist of a maximum of four characters Depending on the customer account mask maintained the value in the account code field would be used during the generation of customer account numbers through the Customer Accounts Maintenance screen If you ha
298. te of account In case of pay in through cheque the account open date can be a future date considering the expected date of clearing Alternate Account Number The system displays the account number as the alternate account number However you can change it Clearing Bank Code The code for the bank serving as clearing house for the account is displayed here Address Specify the address of the customer Location An address for a customer account is based on the Location and Media combination Location codes maintained through the Account Address Location Type Maintenance screen are made available against this field Select the appropriate one The address maintained here is always the primary or the default address Each customer can have several addresses for a particular media To distinguish between one address of a customer from another for a given media it is essential for you to specify a unique location for each address Media Select the media to communicate account related details to the customer such as account maintenance related charges fees interest etc from the option list You can choose any one of the following e FAX e MAIL e SWIFT e TELEX Option Indicate your preferences for the following Track Receivable Check this box if you choose to block the subsequent credit that happens to the settlement account linked to this account class of a loan contract or retail teller contract if
299. tem displays the tenor of the existing deposit in days 6 56 ORACLE Top Up Term Deposit Value Date Specify the date on which top up will be made Simulation is allowed for the back date or for future date however when Top up button is clicked system will display an error that Future Dated Top Up is not Allowed Top Up Amount Specify the amount that will be added to the existing deposit on the top up date Click Compute button The system defaults the Deposit Details after Topup and Interest Liquidation Details Deposit Details After Top up Term Deposit Amount The system displays the revised term deposit amount after adding the top up amount to the existing deposit Interest Rate The system displays the revised interest rate applicable for the account class amount tenor combination from date of top up Interest Earnings The system displays the total interest that will be earned from the start date of current compounding cycle to the maturity date of deposit by taking top up amount and the revised interest rate into consideration Tax Deductions The system displays the applicable tax amount that will be deducted from the interest earnings during the tenor of deposit New Maturity Amount The system displays the revised maturity amount considering the top up amount Annual Percentage Yield The system displays the annual percentage yield for the applicable interest rate Interest Liquid
300. tes will not be responsible for any loss costs or damages incurred due to your access to or use of third party content products or services Contents FARM gl E CO Stole eS Sa 8 a aA ene ae on PaO moe 1 1 We UMTMOMUGHON A PE ies 1 1 V2 PAUGION CO i tt habia E T ea eina A AE 1 1 1 3 Documentation Accessibilitv nn rna nnnn tn nn 1 1 1 47 Organizatioti aatar aa a ARAE A ETE EA AAA 1 1 1 5 Related Documents ii iii ita a a e a E se 1 2 4 6 Glossary or lCOnS A iat e a a Me nial 1 2 2 Term Deposits An Overview ssssennnnnnnnnnnnnnznnznnnnzznnzznnzznznnnnnznzznzna 2 1 2 1 Introduction issir 2 1 2 2 Term Deposit in Oracle FLEXCUBE na 2 1 22 4 Salient Features wisi isa iii a a a 2 1 2 2 2 Pre requisites for TD Processing nanna 2 2 3 Term Deposit Maintenance ss sssssseenennnnnnnnnnnnnnnnnznnnnnnnznnnzznzznzzzz 3 1 3 1 Maintaining Payin Parameters Le nnnnnnennnnnnnnnnn anna mnn ann ntmnnn an 3 1 3 1 1 Specifying UDF Values sieieuzzinzzineniznnzznentinzzonnzitizzijnaminzzzzntlkazzjnnzanizzz 3 2 3 1 2 Validations for Pav in ACCOUNES L nanna 3 2 3 2 Viewing Payin Parameters Summary L Ll Les eennnnnnnnnznnnnnnnnnnnannntrnn nanna ntnnnn nat 3 3 3 3 Maintaining Closing Mode 220L nn nanna nr nn nanna T AET 3 3 3 3 1 Specifying UDF Values nanna nn nanna 3 5 3 4 Viewing Closing Modes SUMMATV L ne neennnnnnnnnnn arana nanna mnn nnnmn na 3
301. the Report Page No Page No of the Report Body Elements Field Name Field Description RM Id Relationship Manager ID Customer No CIF Number Customer Name Customer Name Deposit Amount Deposit Amount Deposit Term Deposit Term in Days Months and Years Account Number Account Number Td Maturity Date Maturity date of the TD Total Interest Payable Total Interest Payable Maturity Amount Maturity Amount Lien Limit Lien Limit at bank level Lien Lien percentage utilized Lien Amount Lien Amount Total Interest Payable Total Interest Payable Maturity Amount Maturity Amount 10 18 Unclaimed Deposits Transferred for a Day You can generate a report for the unclaimed deposits transferred during a day If you do the required maintenances and batch set up you can generate the Unclaimed Deposits Transferred for a Day report as part of EOD operations For further details on report parameter and batch maintenances refer to the Reports User Manual 10 38 ORACLE 10 18 1 Contents of the Report The parameters specified while generating the report are printed at the beginning of the report Other content displayed in the report is as follows Header The following details are displayed in the header section Field Name Field Description Branch Current Branch Code and branch Name Branch Date
302. the option list next to the Signatory Number A list of customer signatory numbers whose details have been captured will be displayed along with their names Pick up the signatory whom you want to make an account signatory for the account e Keving in the customer Signatory Number and Name directly if the signatory number has not been maintained through the Customer Signatory details screen Note If the signatory ID that you specify has not been maintained the System displays an over ride On confirming the override you will be allowed to save the signatory details An error message is displayed if you enter a duplicate Signatory ID Each time you capture a new Signatory ID at the account level you must identify the relationship of the signatory with the customer Minimum Number of Signatories Specify the minimum number of signatories necessary to endorse an instrument involving the account Customer Name The system displays the name of the corresponding customer Account Message You can capture information about particular signatories These messages could pertain to the name number and the type of signatory your customer is For instance you can capture a message like This signatory is a joint account holder with rights to sign instruments only up US 8000 Signature ID Specify the signatory identification number Signatory Name The system displays the corresponding name of the signatory ID specified Signatory Type
303. tificates will be marked as Redeemed provided there are no certificates with amount ole ORACLE 6 4 2 block In case of part redemption of the TD only the available certificates can be redeemed A single certificate cannot be part redeemed The interest amount for the certificates being redeemed prematurely will be paid along with the principal amount Once a particular certificate has been redeemed it will not be available for further redemption Capturing Pay Out Details Click TD Pay Out button on the Term Deposit Redemption Input screen and invoke the following screen Here you can specify details of the child TD that should be created on maturity of the parent TD Note For denominated deposits payout to a child TD using the same denominated deposit ac count class or any other denominated deposit account class will be restricted This restric tion will be applicable during opening redemption maturity processing or amendments System will do a validation for this and if the validation fails an error similar to Payout to term deposit using denominated deposit account class is not allowed for this denominated deposits is displayed Term deposit Instrument Details Counterparty Details Branch Code Account Class Customer Account Number Customer Number Account Currency Account Class Interest The Term Deposit tab is displayed by default Here you can capture the following d
304. tion To Date Currency Account Description Account Class Description Cheque Number Accounting Entries 1 Of 1 Event Description Branch Account Number Foreign Currency Amount LCY Amat Description Branch Account Number Foreign Currency Amount LCY Amat Specify the following details Poy ORACLE Branch Code Specify the branch code of the account Account No Specify the TD RD Account numbers of the branch The adjoining option list displays the list of all the valid TD RD account numbers maintained in the system You can choose the appropriate one Trn From Date Specify the transaction from date Trn To Date Specify the transaction to date Cheque Number Specify the cheque number issued for the transaction Currency The system displays the account currency of the account being queried Action Select the event of the account for the action This drop down will have e Booking e Liquidation e Accrual e Rollover e Redemption e RD Payments e RD Payments e Reversal Account Description The system displays the description of the account being queried Account Class The system displays the account class of the account being queried Description The system displays the description of the account class of the account being queried Accounting Entries You can view the accounting entries details Event The system displays the event of transaction of the account being queried Des
305. tion list displays all valid currency codes maintained for auto deposit account classes which are active and authorized You can select the appropriate one If you want to restrict auto deposit in account level delete the defaulted AD account class and save the account Tenor The system displays the default tenor maintained for the linked account class in terms of Years Months and Days Fa ORACLE 5 18 1 Sweep Multiple of Indicate the number in multiples of which the sweep should be carried out Start Date Indicate the date from which instructions should be valid using the adjoining calendar Retry Till Date Indicate the date post which the instructions will be rendered invalid Any failed sweeps after this date will not be picked up for processing the next day While saving term deposit instructions e If active auto deposit accounts already exist for the Account the system will display an error message as Active Auto Deposits are already exist Cannot modify the Account Class Currency e The system validates if the deposit currency is part of the Interest and Charges Product s account class and currency combination of the Deposit Account class If not the system will display an error message as The Auto deposit Currency is not part of the Interest and Charges Product s account class and currency combination Specifying UDF Values All User Defined Fields UDFs linked to the function ID ICDINSMT are display
306. tion of ARC maintenance You have to ensure that the retail teller product is enabled for RD payments by checking the field RD Payments allowed at the teller product level maintenance preferences screen Exchange Rate Specify the exchange rate if the account currency is different from the currency in which the payment amount is expressed Payment Currency Specify the currency in which the payment is being made The adjoining option list displays all valid currency codes maintained in the system You can select the appropriate one Payment Amount Specify the amount deposited as payment Here you can specify the installment amount or the complete deposit amount in multiples of the a installment amount Minimum Payment Amount The system displays the installment amount indicating the minimum amount that can be deposited in the RD account After entering the RD accounts payment details click P button The system then calculates the paid amount and displays them in the respective fields ma ORACLE 7 2 1 7 2 2 RD Account Payments On click of P button along with paid amount the system calculates the due days due date instalment amount and RD contract status Due Date The system displays due date of the installment Installment Amount The system displays installment amount Payment Date Specify payment date for the RD Normally the payment date is the same as the transaction date Due Days The syst
307. tion to pay is selected as the savings account The Unclaimed Interest and Principal GLs are specified while maintaining an Interest and Charges IC Deposit Type product The Accounting Roles for the GLs are INT UNCLAIMED and PRN_UNCLAIMED respectively When maintaining an IC Deposit type product you have to map these Accounting Roles to the appropriate GLs maintained at your bank The system allows you to select Close on Maturity box only when you specify the recurring deposit details You have to maintain deposit transaction code as DPN RD payment transaction code as RED and prepayment transaction code as TRF for the recurring payments in the Branch Parameters for the Interest and Charges All recurring deposit payments are part of IC batch beginning of day activity Installment Frequency Specify the following details Move funds on Overdraft Check this option to indicate whether the Recurring Deposit account funds should move to an unclaimed account if it is overdue Days Specify the installment frequency in terms of days 64 ORACLE 6 14 Months Specify the installment frequency in terms of months Years Specify the installment frequency in terms of years Simulating TD Opening You can use this screen to initiate the deposit opening simulation for the existing customers as well as for the prospects using Conventional Term Deposit Simulation Input screen To in
308. to pick the rate 8 89 ORACLE 6 7 2 6 7 3 6 8 e As on the Redemption Date Corresponding interest rate for the completed tenor and redeemed amount applicable as on the current redemption date for the deposit interest rate code The completed tenor will be used to pick the rate e As on the Rate Revision Events Corresponding interest rate for the redemption amount and completed tenor will be re picked for each event where the rate revision is done For e g If the interest rate for the deposit is changed for each interest liquidation cycle and on the top up date then the interest rate is re picked for the redemption amount and completed tenor for each liquidation cycle date and top up date e Special Rate Code A fixed rate effective as on current redemption date The rate code defined using ICDRATMA screen is to be captured in case of fixed rate The rate code is captured at the STDACCLS screen Special Rate Code field The pick list for this field will display only the rate codes defined using the ICDRATMA This field is mandatory for this option There will be a validation available for the same and if the validation fails system displays an error message The special rate code field is mandatory for the interest rate for redemption amount Rate Pick up and Interest Recalculation for the Remaining Principal The interest rate for the remaining principal amount after premature partial redemption i e interest r
309. transaction of the account being queried Account Number The system displays the account number being queried Dr Cr The system displays the Dr Cr Indicator of transaction of the account being queried Fcv Amount The system displays the foreign currency amount of transaction of the account being queried Lcv Amount The system displays the local currency amount of transaction of the account being queried Transaction Date The system displays the transaction date of transaction of the account being queried 9 69 ORACLE 6 18 1 Value Date The system displays the value date of the transaction Trn Int Dt The system displays the transaction Initiation date of transaction of the account being queried Related Account The system displays the related account of transaction of the account being queried Auth Stat The system displays the authorization status of transaction of the account being queried User ID The system displays the user Id of transaction of the account being queried IC Batch Processing There will be no interest paid during the course of the deposit in Discounted type products The Amount Block created on term deposit account for discounted interest will be removed by the system during the maturity of the term deposit The discounted interest of the rolled over deposit will be paid upfront during rollover If Amount Block for Discount option is required the amount block will also be done o
310. turing Denominated Deposit Certificate Details Click Denominated Deposit button on the Term Deposit Redemption Input screen and invoke the following screen Denominated Deposit Denominated Deposit Certificate Details Select All 1 Of 1 Certificate Number Certificate Status Certificate Amount Redeem Total Amount of Redemption Number of Certificates Redeemed Specify the following details for denominated deposit certificate Select All Check this box to select all certificates for the account Certificate Number Select the certificate number from the option list The list displays all active certificates issued for the account Certificate Status This indicates the current status of the certificate selected Certificate Amount This indicates the amount of the certificate Redeem Check this box to redeem a certificate After you enter the above details click Populate button The following details will be displayed Total Amount of Redemption The total amount of redemption is displayed here Number of Certificate Redeemed The number of certificates currently redeemed is displayed here During manual part redemptions all the active certificates of the account are displayed in the Denominated Deposit Certificate Details screen and available for redemption At the time of full redemption or automatic redemption i e close on maturity all the active cer
311. u can select only Current option If any other option is selected the error message Interest rate option should be current for Non rate chart account class is displayed oe ORACLE If the option Interest Rate Based on Cumulative Amount is checked then the interest rate will be based on the cumulative amount of all the deposits including this deposit amount of the same customer under the same account class for the same currency Dual Currency De posits Dual Currency Deposit DCD is a short term currency linked deposit through which you earn a higher interest rate than regular term deposits The Bank converts the deposit currency into the linked currency at the pre determined conversion rate on the fixing date two working days prior to deposit maturity At maturity you receive the principal and interest in either the deposit currency or the linked currency whichever is weaker The following details are captured here Linked Currency Specify the linked currency if the account class is to be used for creating TD with Dual Currency option Alternatively you can also choose the currency from the adjoining option list Note You will be allowed to capture this value here only if the option Dual CCY Deposit is checked at the Account Class Maintenance screen You will be allowed to modify this val ue even after authorization Currency Option Product Specify the currency option product under which an Opt
312. ual e Semi annual e Quarterly e Monthly e Fortnightly e Weekly e Daily On For a weekly statement you specify the day of the week on which account statements should be generated and for fortnightly and monthly statements the dates of the month To specify for weekly statements click on the adjoining drop down list The following list of days will be displayed e Monday e Tuesday e Wednesday e Thursday e Friday e Saturday e Sunday To specify for monthly statements enter a number between 1 and 31 corresponding to the system date If you set the statement date to 30 then account statements will be generated on e The last working day for months with lt 30 days e For months with 30 days on the 30th if 30th is a holiday on the next working day If you set the statement date to 31 then account statements will be generated on e The 31 for month with 31 days if 31st is a holiday on the next working day e The last working day for months lt 31 days For a fortnightly statement you could specify 1 and 15 For all other cycles account statement will be generated on the last day of that cycle ou ORACLE 5 8 Secondary A C Statement This refers to the type of statement to be generated periodically by the system for this account You can specify whether you want a detailed or summary statement or if you do not want a statement for this account at all Tertiary A c Statement This refers to the ty
313. ue Date of the TD account Deposit Amount This indicates the Deposit Amount Deposit Term This indicates the TD Tenor in days months amp years TD Maturity Date This indicates the Maturity date of the TD account Total Interest Payable This indicates the Interest Amount This will show interest amount on the maturity date Maturity Amount This displays the maturity amount as per new calculation Product Code This indicates the Account Class code of the TD account Product Title This indicates the Account Class description of the TD account Deposit Currency This indicates the currency under which TD is opened Currency Total This indicates the Currency wise total for deposit amount Inter est Payable and Maturity Amount Close on Maturity This will show whether TD will be closed on maturity Auto Rollover This will show whether TD will be automatically rolled over Interest Rate This displays the interest rate of the account Stock Catalog Cd This displays Stock Catalog Code for the TD certificate number Certificate No This indicates the certificate number Duplicate Issue This indicates N based on the duplicate certificate issued for TD account Interest Rate Based on Cumulative Amount This indicates whether the interest rate for the deposit is arrived using cumulative amount or not 10 10 Term Deposits Closed for the Period Report
314. under the Pay In Details section the system computes the amount of the TD in this field On saving the record the system validates the sum of Pay In amounts against the TD Amount keyed in Next Maturity Date On selecting the rollover for the TD account the system defaults the next maturity date based on the rollover tenor option of the deposit This is updated only for rollover TD s The display of next maturity date is based on the Rollover tenor options e Account class Tenor This is the default value of the rollover tenor if the Re pick up account class tenor on rollover is yes If account class tenor is selected the next maturity date will be blank since the account class tenor is subject to change On rollover the account class default tenor will be picked and applied to TD However this default option can be changed anytime during the life cycle of the TD and a configurable override Re pick account class tenor on rollover restrictions exists at account class will be displayed on save The rollover tenor in days months amp years will be null and non amendable e Account Tenor This is the default value of the rollover tenor if the Re pick up account class tenor on rollover is No However this default option can be changed anytime during the life cycle of the TD and a configurable override Re pick account class tenor on rollover restrictions exists at account class will be displayed on save The rollover tenor in
315. up of Term Deposits SUmmarv nn 6 4 6 4 Redeemingia IDU iii iet eee eek b a gimeoain 6 6 6 4 1 Capturing Denominated Deposit Certificate Details 6 14 6 4 2 Capturing Pay Out Details nanna 6 15 6 4 3 Cheque DD Details Tab e 6 16 6 4 4 Counter Party Details Tab nn nanna 6 17 6 4 5 Capturing Interest Details nn 6 19 6 4 6 Interest Tabs ccc Ae ee tee Wee es Di nn lt 6 20 G4 7 Deposit Tab ilisii iet E AE A eee eae 6 22 6 4 8 Give a brief description for the payout Authorizing Transaction 6 27 6 5 Viewing TD Redemption Details 0 cc 0 se nennnnnnnnen ann ann nanna 6 27 6 6 Premature Redemption of Top up Deposit 6 29 6 7 Premature Redemption of Rate Chart Allowed TD L 6 29 6 7 1 Rate Pick up and Interest Recalculation for the Redemption Amount 6 29 6 7 2 Rate Pick up and Interest Recalculation for the Remaining Principal 6 30 6 7 3 Recovering Paid Interest from the Redemption Amount u 6 30 6 8 Interest adjustment amount is debited from the interest booking account of the customer Do you want to Proceed Generating or Printing a TD Certificate 0 eeeeeeeeeeeeeeeees 6 30 6 8 1 Capturing Regular Deposit Details 6 32 6 8 2 Capturing Denominated Certificates Details 6 34 6 8 3 Certificate Re denomination nanna ena 6 36 6 9 Glosin A TD a A ta fa ah 6 36 6 10 Transferring to Unclaimed Deposit on Maturity sse eennnnnnnennnzznnzzn
316. us applications including applications that may create a risk of personal injury If you use this software or hardware in dangerous applications then you shall be responsible to take all appropriate failsafe backup redundancy and other measures to ensure its safe use Oracle Corporation and its affiliates disclaim any liability for any damages caused by use of this software or hardware in dangerous applications This software and related documentation are provided under a license agreement containing restrictions on use and disclosure and are protected by intellectual property laws Except as expressly permitted in your license agreement or allowed by law you may not use copy reproduce translate broadcast modify license transmit distribute exhibit perform publish or display any part in any form or by any means Reverse engineering disassembly or decompilation of this software unless required by law for interoperability is prohibited The information contained herein is subject to change without notice and is not warranted to be error free If you find any errors please report them to us in writing This software or hardware and documentation may provide access to or information on content products and services from third parties Oracle Corporation and its affiliates are not responsible for and expressly disclaim all warranties of any kind with respect to third party content products and services Oracle Corporation and its affilia
317. utton Account Class Maintenance E New amp Enter Query Account Class Start Date Description End Date Account Type Current eeviinaBienEJ Statement Parameters Account Code Provisioning Details Escrow Details Dormancy Days Escrow Transfer Applicable C Required Account Statement Taani Format Provisioning Frequency z Transaction Code For Display IBAN in Advices Provision Currency B Local Reversal Inter Pay Account Cash Deposit Limit on Dual Currency Deposit Exposure Category Trust Account NaturalGL Debit Event Class Code Credit Dormancy Parameters Any Debit Interest Charge Liquidation Initial Funding Applicable Customer NotApplicable TILiquidate Using Receivable Event Class Code G Verify Funds Charge Role To Head Charges C Debit Notice coe C Charge Start Advice Liquidation Days LBL_SWEEPS_REQ Advice Days Liquidation Mode C Enable Sweep in Free Period T JEnabie Reverse Sweep in Restrictions Branch Currency Restriction Customers Categories MIS Preferences Reg Deposit AutoDeposit GLLines Status Rule AmtBlock Statement Notice Fields LBL_DENM_DEPOSIT Maker Date Time Mod No Checker Record Status Date Time Authorization Status Specify the following details Account Class and Description Identify the account class you are setting up with a unique code and a brief description Account Type Select the Deposit from the drop down list S
318. utton and invoke the Formulas screen Formulas Formula Number Debit Credit Debit v Accruals Required Tax Category az Tax Description Calculation Parameters Basis Percent Local Currency Basis Basis Amount Option Method Decimals Units Book Flag Days in a Month Booking Tax Payable Currency Flag Tax Amount Option eel Booked Actuals v Interest Method Default From Currency Definition Periodicity Daily DaysinaYear Actuals v Rounding Required Book Tax To Expense Account Method Decimals Units Formula Wizard Vou need to maintain two booked formulae and one tax formula Formula 1 Specifv the following details Book Flag Select Booked from the adjoining drop down list Debit Credit Select Credit from the adjoining drop down list Davs ina Month Select 30 Days from the adjoining drop down list Days in a Year Select 360 from the adjoining drop down list Accrual Required Check this box Rounding Required Check this box 9 4 ORACLE Click Formula Wizard button and invoke the Formula Wizard screen Formula Wizard Formula Wizard 1 Expression Element Functions Operators ES Logical Operators Specifv the following expressions
319. ve decided to include account code as part of the customer account number in the account number mask then at the time of creating a new customer account number you will need to select the account class for the account number being generated In the option list provided the account class is displayed along with the associated account code When the account number gets populated it is the account code that forms a part of the customer account number Dual Currency Deposit Check this box to indicate that account class is for creating dual currency deposits You can check this box only if the account type is Deposit Natural GL The reporting of all turnovers of the particular account class will be directed to the GL that you identify as the natural GL Based on the characteristic of the account balance you can specify whether the turnover is to be posted to the Debit GL or to the Credit GL Deposit accounts normally have a credit balance Applicable Customer Status Select the applicable customer status to indicate whether deposit product is available to minors or not You can choose one of the following values from the adjoining drop down list e Not Applicable e Major e Minor e Both Note Note the following By default Not applicable option is selected when a new account class is created If you select Minor option at the CIF level and Applicable customer status as Major at the account cl
320. vigate to the Top Up Simulation screen once you click on the Top Up Deposit button Note Deposit top up simulation can be initiated only for existing customers who have term deposit accounts with the Bank 6 98 ORACLE 6 17 You can edit the input data for simulation both before and after the simulation After the simulation is completed you can top up a deposit using the same parameters as entered during simulation The top up simulation can be back dated but in the Top Up deposit screen back value dated is allowed only up to the value date of the last financial transaction on the deposit account The applicable financial transactions are pay in interest liquidation redemption maturity rollover and top up of funds Simulating TD Redemption You can simulate the partial redemption as well as full redemption for the existing TD accounts using Redemption Simulation screen To invoke this screen type ICDRDSIM in the field at the top right corner of the Application tool bar and click the adjoining arrow button Redemption Simulation Screen Oe p D new amp Enter Query Existing Deposit Details Term Deposit Account Account Description Number Customer iD Customer Name Branch Code Principal Amount Account Open Date Tenor Years Months Account Currency Account Balance interest Rate interest Paid Out Tax Collected ays Maturity Date Maturity Amount m Redem
321. voke this screen type STDTDSIM in the field at the top right corner of the Application tool bar and click the adjoining arrow button New 88 Enter Query Term Depos Currency Customer Number Customer Name Account Class Branch Code Account Open Date Term Deposit Amount Tenor e Years Months Days Maturity Oate z Interest Rate interest Earnings Tax Deductions Matunty Amount APY View Print Advice C het est Liquidation Details 10 MI Date InterestAmourt Principal Balance Makor Date Time Mod No Checker Date Time Record Status Authorization Status You need to specify the following details Account Class Specify the account class in which the customer wishes to open the TD The adjoining option list displays the available TD account classes You can select the appropriate one If an RD account class is selected then on clicking the Populate button the system displays an error message as RD account class not allowed for simulation Click the P button adjoining to the account class The system validates the account number and defaults the following fields Branch Specify the branch code in which customer wants to open the account By default the system displays the current branch code however if you are multi branch operational user then you can modify this by selecting it from the adjoining option list 645 ORACLE 6 14 1 6 14 2 Account Open Date
322. vou can specifv values for each UDF Refer the User Manual titled User Defined Field for details about defining UDFs ORACLE 3 4 3 5 V iewing Closing Modes Summary You can view summary of all closing modes using the Term Deposit Closing Mode Maintenance screen To invoke this screen type STSCLOSE in the field at the top right corner of the Application tool bar and click the adjoining arrow button Yo e e e CE Advanced Search Reset Authorization Status Record Status Close Mode az Debit Credit Credit v Description Product Debit Credit Authoriza Record St u can query on records based on any one or all of the following criteria Authorization Status Record Status Close Mode Debit Credit Click Search button The system identifies all records satisfying the specified criteria and dis e e e e e Do plavs the following details for each one of them Authorization Status Record Status Close Mode Description Product Debit Credit uble click on a record to invoke the detailed screen for that record aintaining Account Class for TD To handle term deposits in Oracle FLEXCUBE vou have to set up an account class of tvpe Deposit in the Account Class Maintenance screen To invoke this screen tvpe 99 ORACLE 3 5 1 STDACCLS in the field at the top right corner of the Application tool bar and click the adjoining arrow b
323. ways be greater than current date a9 ORACLE Expected Date of Submission Specify the expected date on which the customer is accepted to submit the required documents If the documents are not submitted by the customer at the time of opening a TD you need to specify the expected date of submission The TD is booked if the documents are available and uploaded If they are not available you need to specify the expected date of submission of documents for opening the TD Actual Submission Date System displays the actual date on which customer has submitted the required documents Document Reference Once the document is uploaded the system defaults the document reference here Checked Check this box to indicate that the received documents are acknowledged Note You cannot save and authorize an account if the mandatory documents are not confirmed as Checked Upload Click on this button to upload the selected document type Delete Click on this button to delete the selected document View Click on this button to view the selected document Notification Details System defaults notification details from the Account Class Maintenance screen Send Notification This check box indicates whether to send notifications or reminders for not submitting the mandatory documents Frequency Notification System defaults the frequency of notification to be sent The frequency can be one of the following
324. will not display the next maturity date The default account class tenor at the time of rollover is considered e Account tenor This is the default option If this is selected the system populates the original tenor of the parent TD The tenor is represented in days months and years You cannot change this e Independent tenor If you select this you can enter the rollover tenor in terms of days months and years The default value of the independent tenor will be null Years This indicates the number of years in the rollover tenor Months This indicates the number of months in the rollover tenor Days This indicates the number of days in the rollover tenor The tenor should be specified within the minimum and maximum tenor limits maintained at the account class level The tenor months cannot be greater than 11 months and if tenor months is specified the tenor days cannot be greater than 30 days bres ORACLE The tenor is represented in terms of years months and days For example if the deposit tenor is 185 days it should be represented as 0 years 6 months and 5 days You need to specify the values in the appropriate fields Maturity Date The system picks up the maturity date from the default tenor from the linked account class and displays it here However you can modify this date Auto Rollover Check this box to automatically rollover the deposit you are maintaining You have to indicate Rollover Type on
325. x is checked The interest rate derived is applied only to the new deposit to be opened and there will be no changes done to the deposits which are used for arriving at the interest rate The interest rate based on cumulative amount is defaulted from account class level However the same can be modified at TD account If the flag is modified at TD account level an override Change in account class defaulted value for interest rate based on cumulative amount will be displayed The interest rate based on cumulative amount cannot be modified after authorization The interest rate is picked during TD opening considering the active TDs for a customer under same account class and Ccy combination Ifa TD is rolled over the interest start date of the TD will be considered and TDs opened before the interest start date will be considered for cumulation Facility is available to opt opt out cumulation during rollover Ifa deposit participating in cumulation is closed then no change will be done to existing TDs For further rate pick up the closed TD will not be considered for cumulation Cumulation feature is not supported for recurring deposits And if checked at account level an error message Interest rate based on cumulative amount feature is not supported for recurring deposits will be displayed If child TD account has to be considered for cumulation then this box needs to be selected Cumulation is applicable o
326. y Initially it will be defaulted with the standard exchange rate However you are allowed to change the same Linked Currency Settlement A c Here you can specify the settlement account of the linked currency in case if the settlement has to happen in the linked currency at maturity The adjoining option list displays all valid accounts maintained in the system You can select the appropriate one Linked Currency GL You can capture the GL used for posting the settlement entries in the linked currency The adjoining option list displays all valid GLs maintained in the system You can select the appropriate one Fixing Days Specify the number of days from TD maturity date before which the exchange rate has to be fixed This will be defaulted from the Account Class Maintenance screen However you change it Note that fixing days cannot be lesser than zero or greater than the tenor of the TD Yield Enhancement Specify the additional yield percentage that the customer receives for agreeing on the currency Option This is the premium paid to the customer for investing in dual currency deposits Inception Fair Value Specify the market value of the option contract at inception This will be defaulted in the linked Options contract a1 ORACLE 4 1 5 Check List Tab Click Check List tab on the Deposit Account Booking screen The following screen will be displayed TD Accounts Maintenance FL New E3 Enter Query
327. yment Branch Beneficiary Details Beneficiary Address Beneficiary Name PasspormtiC Number Narrative You can capture the following details Branch Code Branch code of the current branch is defaulted here Account Account number of TD is defaulted here from the main tab Currencv Currencv code of the TD account is defaulted here Banker s Cheque DD Tab On invoking the Term Deposit Interest Pavout Details screen this tab is displaved bv default You can specify the following details Cheque DD Details You can specify the following cheque or DD details here Bank Code Specify the bank code The adjoining option list displays all the bank codes maintained in the system You can choose the appropriate one 270 ORACLE 5 12 2 Payable Branch Specify the branch from which the interest is payable The adjoining option list displays all the bank codes maintained in the system You can choose the appropriate one Instrument Type The system displays the instrument type Currency The system displays the currency Beneficiary Details You can specify the following beneficiary details here Beneficiary Name Specify the beneficiary name Passport Number Specify the passport number of the beneficiary Narrative Enter a brief description of the beneficiary Beneficiary Address Specify the beneficiary address PC Tab Click PC tab on the Term Deposit Interest Payout Details sc
328. you check this box the system will default the rollover tenor as Account Class Tenor During rollover the system will pick up the default account class tenor Denominated Deposit Check this box to allow opening of denominated deposits This box is automatically selected during save if the Denomination details are maintained for the account class at the Denominated Deposit Details Tab Interest Rate Based on Cumulative Amount Check this box to indicate that the system should arrive at the interest rate of a new deposit using the cumulative amount of other active deposits under the same account class customer and currency The cumulation of the amount for arriving at the interest rate is done at the account level during the save of the below events e Deposit account opening e Any interest rate change to the deposit floating rate deposits rate change on interest liquidation rate change on rollover and top up Note When cumulating the amount of the deposits system considers the current deposit balance of all the deposits along with the new deposit amount For backdated deposit opening all the active deposits as of the current system date are considered to arrive at the cumulative amount if the Interest Rate Based on Cumulative Amount box is checked This is applicable only for rate chart cases TD accounts opened after the interest start date will not be considered for arriving at the cu
329. you specify the customer account the system checks whether the account is restricted for the product that has been selected or the debit credit transaction type If so an override is sought when such contracts are saved Credit During transaction processing the system will validate whether any restrictions are placed on the account based on the transaction code If you have indicated to allow Cr transactions for a particular transaction code and attempt to post a debit entry the system will seek an override If the message has been configured as an override instead of an error you will be able to continue the transaction despite the restrictions by providing appropriate reasons for the same Otherwise you cannot continue with the transaction During maintenance or online operations in the respective contract screens for the restricted transactions when you specify the customer account the system checks whether the account is restricted for the product that has been selected or the debit credit transaction type If so an override is sought when such contracts are saved ool ORACLE 5 6 Specifying MIS Details Click MIS button on the Deposit Account Booking screen and invoke the Management Information System screen 4 Management Information System Branch Calc Method Account Rate Type Fixed MIS Group Spread Default MIS Groun Pool Code Link to Group Account Level Mane Pool
330. ys only accounts in the option list The offset account should not be specified for payout through Bankers Cheque Demand Draft Payments and Term Deposits Narrative Specify the description for the payout Payout Component Select the payout component from the options given below The options available are e Principal e Interest Note You can select separate payout types for principal and interest components respectively If you select different payout types for the principal and interest these components will be paid out through the respective modes Payout component for interest is not mandatory If you do not specify it the interest will be liquidated to the principal payout account Payout of interest component through term deposit is not supported Multiple payout modes with banker s cheque or demand draft are not allowed Recurring Deposit You can maintain the pay in details for recurring deposits here 4 12 ORACLE Auto Payment Take Down Check this box to allow the recurring deposit account to debit the payment account for the payment amount as per the installment frequency If you check this box the payment account will be debited automatically for installment collection on the due date If you do not check this the payment has to be done manually through Recurring Deposit Payment Input screen The system triggers the event RDLQ on installment payment Payment to account will be successful only if th

2.2 Term Deposit in Oracle FLEXCUBE

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