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Standing Insructions User Manual

1. SI RESP 022 Failed to Cancel the Contract SI RESP 023 Contract Successfully Closed SI RESP 024 Contract Successfully Closed and Authorized SI RESP 025 Contract Could not be Closed because of Overrides SI RESP 026 Failed to Close the Contract SI RESP 027 Operation Deleted Successfully SI RESP 028 Contract Successfully Reopened SI RESP 029 Contract Successfully Reopened and Authorized SI RESP 030 Contract Could not be Reopened because of Overrides SI RESP 031 Failed to Reopen the Contract SI VALS 001 1 Cannot be Null SI VALS 002 1 is Invalid SI VALS 003 1 is Not allowed for Current Branch or User SI VALS 004 Invalid 1 2 SI VALS 005_ Invalid value 1 for 2 SI VALS 006 1 Record Status is Closed SI VALS 007 1 is Unauthorized SI VALS 008 1 2 must be Unique SI VALS 009 Execution Periodicity 1 Cannot be Less than 1 SI VALS 010 Product Start date is greater than branch date SI VALS 011 1 is not a valid Account of Branch 2 SI VALS 012 1 Record Status is Closed SI VALS 013 1 is Unauthorized SI VALS 014 Product End date is Lesser then branch date SI VALS 015 Action Code Should be Full Pending for Collection Product Type 7 13 ORACLE Error Code Message SI VALS 016 Action Code Should be Ignore for Sweep In and Sweep Out Product Type
2. follows Fields in this Your entry specification screen Type Account Number SILSV17227 Branch 000 Instruction Send a statement of accounts to Silas Marner s North London address when the balance in his account equals 1000 GBP Instruction Event Based Type Conditional Current Balance Elements Operator Conditional 1 000 00 Value Result 5 8 ORACLE Every time the current balance in Silas Marner s account equals GBP 1000 the standing instruction associated with the event will be carried out 5 1 6 Maintaining Details of a Special Instruction While maintaining details of special instructions you can capture details specific to the instruction through the Special Details section of the SI Diary details screen Standing instruction Diary Instruction Number Instruction Type Frequency Based Branch Code Event Based Instruction Special Instruction Unit Of Instruction Unit Type K Unit Number Frequency Detail Event Detail Special Instruction Account Officer Special Instruction Type Special Instruction Expiry Date Identifying the Account Officer in charge of executing the special instruction You have to identify the account officer of your bank in charge of executing the Special Instruction Identifying the Instruction Type Each special instruction that you maintain can be categorized under an instruction type
3. Action Code For a payment type of product you should define the action to be taken when an instruction is not executed because of lack of funds The action code defined for this instruction is shown here 8 9 ORACLE Rate Type If the currency of the instruction and the currency of the accounts involved in it are different a conversion rate will be used The rate type defined for this conversion for the product will be shown here First Value Date The date as of which the first execution of the instruction was done This date will be different from the First Due Date if the former fell on a holiday and the SI was executed on a different date First Due Date The date as of which the first execution for the instruction was processed Next Value Date The date as of which the next cycle of the instruction will fall due This date will be different from the Next Due Date if the former fell on a holiday and the SI was executed on a different date Next Due Date The date on which the next execution of the instruction will be processed Month End Indicates whether the instruction is always processed on a month end User Ref No The user reference number Beneficiary The name of the customer who is the beneficiary of the instruction SI Expiry Date The date after which the instruction will not be processed SI Ccy The currency in which the instruction is processed
4. Amount For a payment and collection type of product this is the amount defined for the instruction Min Sweep Amt This applies for a sweep type of product This is the minimum amount that has been defined for a sweep to be executed Min Bal After The minimum amount that should be available in the Sweep Sweep From account after the sweep has been executed User Inst No An instruction can be identified by two different numbers one is allotted by Oracle FLEXCUBE while the other one can be a number input by you which should typically be the number with which your customer identifies the instruction called the User Instruction Number By default the Instruction Number allotted by Oracle FLEXCUBE and the User Instruction Number will be the same 8 10 ORACLE 8 6 8 6 1 It is the User Instruction Number of the instruction Holiday This is the action defined to be taken if an instruction Exception processed under a product falls on a holiday It could be forward backward or lapse Frequency This is the frequency at which the instruction is processed it will be indicated in days months and years Charge on Indicates whether charges are to be applied for Success Partial instruction when it has been successfully executed or execution Reject partially executed or rejected Debit and credit These are the details of the debit and credit account of Branch the tra
5. SI REFR 001 Instruction Numbers sent do not match SI REFR 002 Both Source and Oracle FLEXCUBE Instruction Numbers cannot be NULL SI REFR 003 Duplicate External Instruction Number 1 SI REFR 004 Duplicate Oracle FLEXCUBE Instruction Number 1 SI RESP 001 Contract Successfully Saved SI RESP 002 Contract Successfully Saved and Authorized SI RESP 003 Contract Could not be saved because of Overrides SI RESP 004 Failed to Save the Contract SI RESP 005 Contract Deleted Successfully SI RESP 006 Failed to Delete the Contract because of Overrides SI RESP 007 Failed to Delete the Contract SI RESP 008 Instruction Successfully Authorized SI RESP 009 Failed to Authorize the Instruction because of Overrides SI RESP 010 Failed to Authorize the Instruction SI RESP 011 Contract Successfully Rejected SI RESP 012 Failed to Reject the Contract because of Overrides SI RESP 013 Failed to Reject the Contract SI RESP 014 Contract Successfully Put On Hold SI RESP 015 Failed to Put the Contract On Hold SI RESP 016 Failed to Put the Contract On Hold because of Overrides SI RESP 017 Failed to Copy the Contract SI RESP 018 Contract Successfully Modified SI RESP 019 Contract Successfully Modified and Authorized SI RESP 020 Contract Could not be Modified because of Overrides SI RESP 021 Failed to Modify the Contract 7 12 ORACLE Error Code Message
6. The Header carries the title of the Report information on the branch code the date and time the branch date the user id the module name and the page number of the report Body of Report The report is sorted by the product code the product type and the SI type in the ascending order The following information is provided for each contract Processing Time The time of day when the instruction is to be processed Product Code The product under which the instruction is processed Product Type The type of product under which the SI is processed It could be payment collection sweep or variable payment SI Type The type of standing instruction It could be one to one many to one one to many or many to many Instruction No This is the instruction number Status The status of the instruction due or pending Next Value Date The date as of which the next cycle of the instruction will fall due This date will be different from the Next Due Date if the former fell on a holiday and the SI was executed on a different date Next Exec Date The date on which the next execution of the instruction will be processed 8 15 ORACLE 8 8 Counter party The code for the customer Name The customer s name on behalf of whom the instruction is being processed Contract Ref No The reference number for the particular cycle of the instruction that is due or pend
7. 6 4 ORACLE e Charge details you can decide to either levy or waive a charge for an event success partial execution or rejection e Action code amount you can change this code This becomes specifically important for an instruction for which you have defined the Action Code as Await further instructions In such a case you have to change the Action Code before the instruction is retried e Variable SI Amount when you start off with a variable payment instruction you would not have given the SI amount This amount has to be filled in through the amendment operation in the SI Input Detailed screen If the amount is not changed and it remains as zero on the Value Date of the instruction Oracle FLEXCUBE will not process it it will allot it an unprocessed status You should change the amount through the SI Cycle Details table before the variable payment can be processed e Collection flag for a Collection type of instruction the only processing done is the generation of the Collection Advice informing the customer about the non arrival of amount to be collected This advice would remind your customer to follow up on the payment This advice will be generated for a collection instruction cycle till you tick the Collection flag field You would do this when the amount that has to be collected on behalf of your customer has come in 6 5 2 Operations on SI Cycle Details Screen The following are the operations you can perform
8. SI DEF 001 Execution Periodicity is Not Needed Ignored SI DEF 002 Minimum Balance After Sweep is Not Needed Ignored SI DEF 003 Maximum Retry is Not Needed Ignored SI DEF 004 Charge On Partial is Not Needed Ignored SI DEF 005 Charge On Reject is Not Needed Ignored SI DEF 006 Charge On Success is Not Needed Ignored SI DEF 007 Minimum Sweep Amount is Not Needed Ignored SI DEF 008 Invalid Action Code Ignored SI DEF 009 1 Should Be 2 Ignored SI DEF 010 Oracle FLEXCUBE Instruction number 1 not needed Ignored SI DEF 011 Oracle FLEXCUBE reference number 1 not needed Ignored SI AUTHO1 Instruction AUTHORIZED successfully SI AUTHO2 Authorizer and Maker CANNOT be the same SI AUTH03 Currency for Contract 1 must be Rekeyed SI AUTH04 Rekeyed currency for Contract 1 is wrong SI AUTHO5 Amount for Contract 1 must be Rekeyed SI AUTHO6 Rekeyed amount for Contract 1 is wrong SI AUTHO7 All the contracts should be confirmed for authorization SI AUTHO8 Overrides for Instruction 1 should be checked before contract confirmation SI AUTHO9 Authorization is unsuccessful due to some Internal Problem SI AUTH10 Instruction 1 is already Authorized 7 14 ORACLE 7 1 ORACLE 8 1 8 2 8 Reports Introduction The following are the reports that you can generate for the Standing Instructions module Successful Sls for the day Unsuccessful Sls for the day Pending collections Standing instruc
9. You can specify the following parameters here Sp ORACLE Branch Code Specify a valid code of the Branch in which report is being generated from the adjoining option list Date Specify a date for which you want to generate standing orders placed report from the adjoining calendar Product Type Select a valid type of the product for which the standing orders were placed from the adjoining drop down list This list displays the following values e Sweep in Select if the product is sweep in product e Collection e Sweep In e Sweep Out e Variable Payment Report Format Select the format in which you need to generate the report from the adjoining drop down list This list displays the following values e HTML Select to generate report in HTML format e RTF Select to generate report in RTF format e PDF Select to generate report in PDF format e EXCEL Select to generate report in EXCEL format Report Output Select the output in which you need to generate the report from the adjoining drop down list This list displays the following values e Print Select to print the report e View Select to print the report e Spool Select to spool the report to a specified folder so that you can print it later Printer At Select location where you wish to print the report from the adjoining drop down list This list displays the following values e Client Select if you need to print at the cl
10. Date The date as of which the next cycle of the instruction will fall due This date will be different from the Next Due Date if the former fell on a holiday and the SI was executed on a different date Next Due Date The date on which the next execution of the instruction will be processed Month End Indicates whether the instruction is always processed on a month end User Inst No An instruction can be identified by two different numbers one is allotted by Oracle FLEXCUBE while the other one can be a number input by you which should typically be the number with which your customer identifies the instruction called the User Instruction Number By default the Instruction Number allotted by Oracle FLEXCUBE and the User Instruction Number will be the same This is the User Instruction Number of the instruction Holiday The action defined to be taken if an instruction processed Exception under a product falls on a holiday It could be forward backward or lapse Frequency The frequency at which the instruction is processed it will be indicated in days months and years Contract Ref No Each execution of the instruction will be allotted a reference number by Oracle FLEXCUBE This number will be shown here Max Retry For a payment type of product with an Action Code of Count Keep full amount pending or Liquidate partially you would define the maximum number of times the system should r
11. a certain balance is left in the debit account and only excess amount is swept Specifying Minimum Sweep Amount This applies for a sweep out type of product You should define the minimum amount that is to be transferred in an account sweep If the amount in the Sweep From account is more than the defined SI amount but the sweep amount is less than the minimum sweep amount the sweep will not be executed Example An account sweep for Mr Sam Brown s account is defined to transfer any amount over USD 10 000 to another account The minimum sweep amount for the product is defined at USD 2 500 If the balance in Mr Brown s account is USD 12 000 the instruction will not be processed as USD 2 000 is less than the Minimum Sweep Amount Specifying Your Remarks You can enter information describing the instruction that you are recording This will be available when you retrieve information on the instruction However this information will not be printed on any advice printed for the customer s benefit This information will be displayed whenever you retrieve information on the instruction either as a display or in print ZS ORACLE 4 5 4 6 Charges for Instruction The charges that are applicable for an instruction are defined for the product under which the instruction is processed You have the option to e Modify the amount that is applied by default or e Waive the application of the charge altogether Click Charges b
12. at the top of the screen Not all product preferences are allowed to be amended after the product has been authorized once So care needs to be taken before authorization of the product to ensure that the product attributes preferences have been maintained correctly Specifying SI Cycle The SI cycle defines the frequency at which the instruction is to be executed This can be defined in days months or years For example you can choose to define a payment order on a daily basis or every 60 days or 150 days or a payment every three months or six months You can also define a payment that is annual or every two years Example Your customer Ms Tanya Agnihotri wishes to pay her insurance premium She could do it on a monthly basis a quarterly basis or on an annual basis This can be defined in three ways SS ORACLE In days 30 days 90 days and 365 days In months 1 month 3 months and 12 months In years not possible for the first two but 1 year for the third frequency Rate Type You have to specify the Rate Type that should be used for SI transactions Click on the option list for a display of all the Rate Types maintained through the Rate Type Definition screen 3 3 1 1 Holiday Exception Code You sho Sl s are uld define the action that is to be taken if the due date falls on a calendar holiday Since processed at regular intervals often it may happen that a due date for an instruction will be a holiday In s
13. instruction for issuing DD PO the Credit Account will be selected as a Payable GL During SI save when the user selects Credit Account as Payable GL and Payment Mode as Instrument the system performs following validations gt Instrument Type should not be null gt Ultimate beneficiary details are mandatory Name and Address gt Payable Bank and Branch should not be null In SI Settlements the user has to select the appropriate Instrument Type to generate DD PO For issuing Demand Drafts and Banker s Cheque instrument types should be DDG DDA and BCG BCA respectively In SI settlements Other Details tab option Waive Charges on Instrument Issue has to be selected to waive off any instrument charges maintained at ARC maintenance SI batch that executes would create DD BC issue transaction The population of the tags of MT110 is as follows Explanation Message Contents Message Type 110 one ORACLE Explanation Message Contents Receiver BIC of the customer corresponding to the NOSTRO account of the Liquidation product s ARC setup Message Text Transaction reference number 20 Contract Ref no of the DD PO transaction Number of the Cheque 21 Instrument Number from the DD Transaction Date the Cheque was issued 30 Instrument Date from DD PO transaction Currency and Amount of cheque 32B Instrument Currency Instrum
14. numbers are generated automatically and sequentially to uniquely identify a record S ORACLE 5 1 1 5 1 4 The instruction number is a combination of a three digit branch code a four digit hard coded number a five digit Julian Date and a four digit serial number In this screen you can specify the following attributes of the SI Specifying Instruction Type You can indicate whether the standing instruction is to be associated with a Customer Account or whether it is to be associated with a Customer Code Identifying Customer Savings Account Number You have to identify the code assigned to the particular customer if you have indicated that the standing instruction is to be associated with a customer Similarly if you have indicated that the standing instruction should be maintained at the account level you have to select the account number The option list positioned next to this field displays a list of customer account numbers or customer codes depending on your specification in the Type field After you select the Customer Code Account Number the branch code of the branch in which the rule is being created will be displayed in the respective field Capturing Details of Instruction You can key in the details of the instruction that is to be associated with particular Account Customer in a free format text format Click the icon positioned next to this field instruction The Instruction Details
15. on the SI Cycle Details screen e Amend the SI cycle details e Authorize an amendment Refer to the manual on Common Procedures for details on these operations 6 5 3 Operations during Beginning of Day During Beginning of Day the payments variable payments sweeps and collections that were defined for this stage either for the product under which they are processed or the instruction itself will be executed The details of the cycle will be updated in the SI Cycle Details table with the appropriate Execution Status For those instructions that have been defined with an Action Code of full pending or partial liquidation the retries will be executed during Beginning of Day only if the instructions are defined for beginning of day execution The accounting entries defined for the payment and the charges will be passed For a collection however only the Collection Advice will be generated To recall this advice will be generated till the Collection Flag is ticked for an instruction The advices defined for the instruction will be put in the Outgoing Message Browser They could be one or more of the following e Successful execution e Collection advice Es ORACLE 6 5 4 e Payment advice and e Debit advice for charges You can generate them from the browser or carry out any other messaging related operations Note that variable payments for which no amount has been defined for the cycle will be given an Execution Sta
16. on which the next cycle of the instruction falls due G ORACLE The First Execution Due Date and the Next execution Due Date is relevant only if any of the value dates fall on a holiday in the instruction currency In such a case the Due Date will be the date adjusted according to the holiday handling specifications for the product under which the instruction is being processed The holiday handling specification could be to move the Value Date either backwards or forwards On a rare occasion an instruction cycle that falls on a holiday will be ignored if the holiday rules so specifies 4 4 4 Specifying Debit and Credit Accounts In the case of one to one instructions you should define one debit and one credit account For a many to one or one to many instruction the first account you specify will be defaulted and they can be changed If you have specified an account that uses an account class that is restricted for the product an override is sought when you attempt to save the contract 4 4 4 1 Debit Account Description In this field the description of the corresponding debit account is displayed by the system when you specify or select the Customer Number or Customer Account from the option list If the debit account number keyed in has only one value matching it in the option list then system will not open the option list on tab out and the description of the debit account will be automatically displayed 4 4 4 2 Credit
17. screen will be displayed Key in the instruction and click on the Ok button Specifying Your Preference for Instruction Type SES ORACLE Each instruction that you maintain will be executed based on a specified frequency or ona specific event You can indicate your preference depending on whether the instruction is to be associated with a customer or a customer account Instructions that are associated with customers can only be frequency based However those instructions which are to be associated with customer accounts can either be frequency based or event based You can also choose to maintain details of a special instruction in this screen For instance let us assume that Mrs Wendy Klien is a high net worth customer of your bank You would like to send her a New Year greeting Since this is a once in a year occasion you can either choose to base this instruction on a yearly frequency or maintain it as a special instruction Maintaining details of Frequency Based instructions Apart from the section titled Main Details you will notice that the SI Diary screen has been divided into three other sections Frequency Details Event Details and Special Instruction You can capture the execution periodicity details of an instruction under the Frequency Details section of this screen Standing Instruction Diary Instruction Number Instruction Type Frequency Based Branch Code Event Based Instruction Special Instructi
18. specific customer or all the customers of your branch 8 5 1 Selection Options You can select the specific customer for whom you want the report Alternatively you can generate the report for all the customers of your branch You can invoke this screen by typing the code SIRPCUST on the field at the top right corner of the Application tool bar and click on the adjoining arrow button Standing Instruction by Customer Report Standing Instruction by Customer Report All Customers Single Customer Customer Number Specify the following details Standing Instruction by Customer Report Indicate whether the reports should be generated for all customers or single customer If you choose Single Customer you need to specify the customer number for which the report needs to be generated The option list provided displays all valid customer number maintained in the system You can select the appropriate one Click OK to generate the report 8 5 2 Contents of Report The report options that you selected while generating the report are printed at the beginning of the report Header The Header carries the title of the Report information on the branch code the date and time the branch date the user id the module name and the page number of the report SH ORACLE Body of the report The report is sorted on the customer number and instruction number in the ascending order The following information is p
19. specify the execution periodicity you have to indicate the date on which the standing instruction is to be carried out for the very first time Since the instruction is yet to be carried out by the system the first due date will be defaulted as the next due date You will need to indicate whether the instruction is to be carried out during the month end or whether it should be executed as of the next due date The scenarios in which you will have to specifically indicate that the instruction is to be executed during the month end are given below Scenario Lets us assume that you have set the frequency as Monthly Yearly or as a combination and identified any one of the following dates as the First Due Date e 29 February 2000 e 30 April 2000 e 30 June 2000 e 30 September 2000 e 30 November 2000 When you specify the First Due Date which is other than the one specified before then the system displays an override message and it does not allow you to check the field Month End Specified date is not the month end If you specify that the instruction should be executed only on month ends the system auto calculates the Next Due Date and displays this dates in the respective field First Due Date Month End Next Due Date 29 Feb 2000 v 29 Feb 2000 me ORACLE First Due Date Month End Next Due Date 30 April 2
20. the availability of funds to the extent of the SI amount The event PEXC will not be triggered even if partial funds are available in the account Ignore The current installment is not executed at all The next cycle will be processed on the next due date Await further instructions The instruction is not processed again until its action code is changed in the Instructions Due Table The SI Cycle Details table is automatically created when the automatic processing of Sls for the day takes place for details on this please refer the chapter on Automatic Processing For an instruction you can change the action code in this table so that you may process an unsuccessful Sl Force In this case the instruction is executed leaving a debit balance in the account Example You have a payment order to pay USD 6000 as annual premium to an insurance company for Ms Tanya Agnihotri This amount is to be transferred from her savings account on the 01 June every year If the account balance in her account is only USD 5000 when the insurance payment is due the SI cannot be processed as funds are insufficient The processing of the instruction will depend on the action code as follows Partial In this case you would transfer USD 5000 to the insurance liquidation company Full Then you would not make any insurance payment for this year pending The system will re execute the instruction daily for th
21. 000 Y 30 April 2000 30 June 2000 Y 30 June 2000 30 Sept 2000 v 30 Sept 2000 30 Nov 2000 v 30 Nov 2000 Scenario Il You have set the frequency as Yearly Monthly or as a combination and identified the 28 of February 2003 as the First Due Date You have also indicated that the instruction should be executed only at the end of the month In keeping with your specification the system displays the Next Due Date as 28 of February 2003 Scenario Ill Let us suppose that you have set the frequency as Monthly Yearly or as a combination and identified any one of the following dates as the First Due Date e 31 January 2000 e 31 March 2000 e 31 May 2000 e 31 July 2000 e 31 August 2000 e 31 October 2000 e 31 December 2000 The system automatically checks and enables the month end check box option You will not be allowed to change it The instruction will be executed on the last day of the month Specifying the holiday treatment preference You have to indicate the preferred holiday treatment that should be followed for the frequency due dates that you have specified The options available are as follows e Don t Execute it indicating that if the Next Due Date falls on a holiday the instruction should not be carried out e Next Working Day indicating that if the Next Due Date falls on a holiday the instruction should be executed on the next working day after the holiday e Previous Working D
22. 998 translates into the Julian Date 98031 Similarly February 5 1998 becomes 98036 in the Julian format Here 036 is arrived at by adding the number of days elapsed in January with those that elapsed in February 31 5 36 4 4 2 1 User Instruction Number An instruction can be identified by two different numbers one is allotted by Oracle FLEXCUBE while the other one can be a number input by you which should typically be the number with which your customer identifies the instruction called the User Instruction Number No two instructions can have the same User Instruction Number By default the Instruction Number allotted by Oracle FLEXCUBE and the User Instruction Number will be the same 4 4 2 2 Specifying Customer When entering the details of an instruction you should specify the customer on whose behalf you are recording it The category of customers or the customers themselves who can record standing instructions is defined for the product Specify the code of a customer who falls into a category allowed for the product 4 4 2 3 Execution Periodicity The execution periodicity defined for the product will be picked up automatically You can modify it to suit the instruction you are processing 4 4 2 4 Specifying Period for which Instruction should be Executed Each instruction is valid for a specific period of time This must be defined for the instruction The first due date and the expiry date will mark the life span of the
23. Account Description In this field the description of the corresponding credit account is displayed by the system when you specify or select the Customer Number or Customer Account from the option list If the credit account number keyed in has only one value matching it in the option list then system will not open the option list on tab out and the description of the credit account will be automatically displayed 4 4 5 Specifying Charges The charges applicable for an instruction are defined for the product under which the instruction is processed These charges will be defaulted for the instruction you are processing A charge can be applied for the following events e Successful execution SUXS e Partial execution PESCH or e Rejection REJT You should specify the party who bears the charge the remitter or the beneficiary S ORACLE 4 4 6 Action Code The Action Code indicates the action to be taken if the account to be debited in order to execute an instruction does not have the necessary funds This applies to a payment or a variable payment type of product This Action Code is defined for the product under which an instruction is processed You can change it for the instruction you are processing The following are the Action Codes that can be specified Partial If the account has insufficient funds Available Balance lt SI Liquidation Amount the SI is executed to the extent of the funds available This is known
24. Diary Record You can perform the following operations on an SI diary record e Enter the details of a new record e Copy the details of a record e Delete a record e Amend a record e Close and Reopen a record Please refer to the manual Common Procedures for details on these operations Maintaining Instruction Types While maintaining the details of a special instruction you have to associate the instruction with an appropriate instruction type as per the nature and purpose of the special instruction Therefore you need to categorize instructions into different types oe ORACLE You can do this through the Instruction Type screen You can invoke this screen by typing SIDINSTR in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button instruction Type Instruction Type Description Input By Authorized By Modification Date Time Date Time Number Authorized Open In this screen you have to specify an appropriate name to group together a set of instructions that share a common purpose For instance let us assume that you have maintained an instruction type called Misc PR with the description Miscellaneous Public Relations activity You are maintaining three separate special instructions in the SI Diary maintenance screen The details of each are as follows Special Instruction You would like to send birthday greeting to Mr Silas Marner before the 25
25. Error in creating payment message for contract 1 and event 2 SI AU 0001 Error getting an account for the role SI AU 0002 Error getting amount for the amount tag SI AU 0003 Error in tax referral SI AU 0004 Error in ICCF referral SI AU 0006 Error while passing accounting entries SI AU 0007 Error in advices SI AUTHO1 Instruction authorized successfully SI AUTHO2 Authorizer and maker cannot be the same SI AUTH03 Contract currency must be rekeyed SI AUTH04 Rekeyed contract currency is wrong SI AUTHO5 Contract amount must be rekeyed SI AUTHO6 Rekeyed contract amount is wrong SI AUTHO7 All the contracts should be confirmed for authorization SI AUTHO8 Overrides for this contract should be checked before contract confirmation SI AUTHO9 Authorization is unsuccessful due to some internal problem SI BA0001 Error in readjusting next exec date SI BA0002 Error in calculating next value date SI BA0003 Error in extracting new cycles 7 1 ORACLE Error Code Message SI BA0004 Debit branch is off line processing not possible SI BAO01 Failed to select end of input for the current branch SI BA002 Batch process can be run only as beginning of day or end of day SI BA003 Start batch process SI BA004 Failed to complete batch process SI BA005 Batch process completed successfully SI CO0001 Could not log exception for 1 SI C0O0002 Settleme
26. Instructions SI UPCA0008 Failed to insert into upload tables for SI Instructions SI UPCA0009 Failed to upload SI Instruction SI UPCA0010 In Main Exception when others Failed in function bnpksref fn_upload_si_instruction SI UPCA0011 In Main Exception when others Failed in function bnpksref fn_amnd_si_instruction SI UPCA0012 This is not an uploaded SI SI UPCA0013 Failed to Amend SI Instruction SICL 002 Select the Broker Code SICL 003 Percentage cannot be Null SI CON072 All Cycles of Contract 1 have not been processed Deletion Disallowed SI NONE Untrapped error occurred in batch processing SI PA0001 Amount not available for variable payment contract no 1 SI PR001 Product end date cannot be less than today s date SI PR003 Rate type is required for all types of standing instructions SI PR004 Product code should have at least one non numeric character SI PR005 Product code cannot start with alphabet z SI PR006 Product code should contain A Z and 0 9 characters only SI PR007 Product code has to be different from existing product and instruction codes SI PR008 Product code should be four characters long SI PR009 Are you sure the product is to be back valued 7 8 ORACLE Error Code Message SI PR010 Interest components not allowed for standing instruction products SI PR011 Product start date cannot be greater than product en
27. Instructions SI Module of Oracle FLEXCUBE It provides an overview to the module and takes you through the various stages in setting up instructions that Oracle FLEXCUBE should automatically process 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 1 2 Audience This manual is intended for the following Users User Roles Role Function Product Managers Product definition and authorization Account Officer Entry of Standing Instructions End of Day Operators End and beginning of day related processing functions BC Report Query functions Financial Controller Product Managers Generation of reports 1 3 Organization This manual is organized into the following chapters Chapter 1 About this Manual gives information on the intended audience It also lists the various chapters covered in this User Manual Chapter 2 Standing Instructions An Overview offers an introduction to the module and its features Chapter 3 Defining Attributes specific to a Standing Instructions Product talks about defining the attributes specific to setting up a Standing Instruction product Chapter 4 Recording an Instruction deals with the sequence of events involved in recording an instruction ORACLE Chapter 5 Standing Instructions Diary details how you can capture text ba
28. Retries Minimum Balance After Action Code Sweep Minimum Balance After Sweep Minimum Sweep Amount Minimum Sweep Amount Change Log Settlements Transaction Type From this screen you can navigate to the following screens that will contain values that are applicable by default depending on the product involving the instruction e Sl Advices screen e Sl Charges screen e SI Tax Details screen You can choose to modify or waive the charges suppress the generation of an advice or waive a tax a ORACLE 4 3 4 4 Operations on Instruction The following are the related activities that you can perform on an instruction Open an instruction Delete the details of an instruction Amend the details of an instruction Authorize an instruction Close an instruction Reopen an instruction Please refer to the user manual on common procedures for details on these procedures Features of SI Input Details Screen Every product that is created in your bank has certain general attributes An instruction that you record acquires the general attributes that were defined for the product that it involves These general attributes are The product code description slogan start and end date for the product and remarks How the instruction is to be processed in case the processing date falls on a holiday The mode of payment and the currency rate that is to
29. STRUCTION TYPES c cceccsssssssesessseseesevssssensesssesssesssseseeaseseessesseusssssessssseseesseesessssseeeenss 5 10 KE Operations on Instruction Type Record 5 12 6 AUTOMATIC PROCESSING ccsscsscssssssssesssscsssssescsssnsssssnsecsneesessssssesesensssesssssessssssssssessessessessessoeees 6 1 6 1 INTRODUCTION ee ENEE EE 6 1 1 2 IIANDLING HOLIDAYS EE 6 1 6 37 SECYCER RE EE 6 2 6 4 GENERATING FAILURE ADVICES cscccsssssssssscssesesseessnsevenssensesesevsessssaveesseseesssssesesessavsnssenoesusssesensssassnases 6 2 6 5 SPECIFYING S CYCLE DETAILS isijecite ei e EAEE EE GEENA ESO SENEE eie EEEE ANET aE NEEE 6 4 6 5 1 Values in SI Cycle Details Screen that can be Modified AAA 6 4 6 5 2 Operations on SI Cycle Details Screen sccecceccesscescesscesecusecusecusecaeecseeeaeeeseeeseseeeeseseeeeaeenaeeaesaeeaas 6 5 6 5 3 Operations during Beginning Of Don 6 5 6 5 4 Operations during End Of DOV isc svsorssscvsstessosissisessassvengeiendsupsvoubsuser ENEE Eege ee 6 6 7 ERROR CODES AND MESSAGES 10 0 0 cssssssssssscccssscescscsssssssnssscsnessssssssssssnessssnsesesssssossssssesssssessoessesesees 7 1 7 1 ERROR CODES AND MESSAGES Eed rnea eae r A AEE EENS dE 7 1 8 Z D a ATC KEE 8 1 8 1 INTRODUCTION oes ctcncsscscsvesseiscevsscecauesses sce uessecesess E tester secbestesate deevesobesteaseetgenteeseves 8 1 8 2 SUCCESSFUL SIS FORA DAY osccsccscesscesscsistces coscevsscscondsscs deve secssestcsscentastestes
30. Standing Instructions Oracle FLEXCUBE Universal Banking Release 12 0 May 2012 Oracle Part Number E51527 01 ORACLE FINANCIAL SERVICES ORACLE Standing Instructions Table of Contents L ABOUT THIS MANOA Livssissscssssssscssssssivccescssvscescsssessisossacoscsseccosccsssssscscnesoustoscebesisscebaesesseesssessiesivecescssuscusoess 1 1 1 1 INTRODUCTION vorera ere aree eege Ee Ee 1 1 1 2 AUDIENCES or eege A EE 1 1 1 3 Re e 1 1 1 4 GLOSSARY OF ICONS crecer tares e ee aeea e aeie ea E rE EEEE EE E Dae E 1 2 1 5 RELATED DOCUMENTS oraire aE e E E E EREE sobs S EE E E A E A R EE 1 2 2 STANDING INSTRUCTIONS AN OVERVIEW sccccssssscscssssccsssscccsssccesssccscessccsesseccscssscessssececessnee 2 1 2 1 INTRODUCTION peepee arane aaea a a A a a a a a a a a a AE ENEA 2 1 2 2 KEY FEATURES OF SI MopUtLtg 2 1 2 2 1 Processing Standing Payment Order 2 1 2 2 2 Processing Standing Collection Ordere sssini 2 1 2 2 3 Processing Sweep In Transactions ccccccceecceescesecesecesecusecaseeseeeseeeseesseeseeesecesecesecaeceaecaeenaesaaeeaeees 2 2 2 2 4 REPONSE eE EE EE 2 2 3 DEFINING ATTRIBUTES E 3 2 3 1 INTRODUCTION a 500606 EE EES EE 3 2 3 2 CREATINGA PRODUCT EE 3 3 3 3 SETTING PRODUCT PREFERENCES eie eE E E E yee EEEE ENEE EE AE ENEE 3 5 3 3 1 Specifying SI E 3 5 3 3 2 Indicating the Processing Typ srera aE o a KE E ERE E T ENR EN 3 11 4 RECORDING AN INSTRUCTION seeeessecessseesssoecssoocessoceeseecescoeessooeesseceees
31. anch code the date and time the branch date the user id the module name and the page number of the report Body of the report The report is sorted first on the product type and then on the instruction number in the ascending order The following information is provided for each instruction SI Type The type of standing instruction It could be one to one many to one one to many or many to many Processing The time of day when the instruction is to be processed Product Code The product under which the instruction is processed Product Type The type of product under which the SI is processed It could be payment collection sweep or variable payment Auth Status The status of the instruction authorized or unauthorized Unauthorized instructions will not be processed Inst Status Indicates whether the instruction is pending for execution Rate Type If the currency of the instruction and the currency of the accounts involved in it are different a conversion rate will be used The rate type defined for this conversion for the product will be shown here First Due Date The date as of which the first execution for the instruction was processed First Value Date The date as of which the first execution of the instruction was done This date will be different from the First Due Date if the former fell on a holiday and the SI was executed on a different date SES ORACLE Next Value
32. as for other bank accounts They also accept by means of remittances like bankers cheque etc If there are no exceptions during BOD system successfully executes SI transactions and you can generate a SI Instruction Executed for External Acc DD and BC Report to view the information of the branches 8 16 ORACLE This report lists CASA accounts in which SI has been executed for external accounts and bankers cheques on the day of generation The accounts are grouped based on payment mode and beneficiary You can invoke SI Instruction Executed for External Acc DD and BC Report screen by typing SIRACCBC in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button LBL_SIRACCBC_REPORT Branch Code Process Date Report Format Printer At Report Output Printer You can specify the following parameters here Branch Code Specify a valid code of the Branch in which report is being generated from the adjoining option list Process Date Specify a date for which you want to generate a SI executed report from the adjoining calendar Report Format Select the format in which you need to generate the report from the adjoining drop down list This list displays the following values e HTML Select to generate report in HTML format e RTF Select to generate report in RTF format e PDF Select to generate report in PDF format e EXCEL Select to generate report i
33. as partial execution The event PEXC is triggered during a partial liquidation execution The event PEXC is triggered during a partial liquidation execution The rest of the amount will be collected during subsequent retries subject to the Maximum Retries defined for the instruction The system will attempt SUXS only once during the day first time If it fails only PEXC will be attempted on every subsequent retry Therefore if between the SUXS and PEXC events the available balance increases to cater to the full SI the PEXC event ONLY will be triggered This means that the entire SI amount may be posted for the PEXC event as well However the event DE XC is triggered only if the Action Code is specified as Partial Liquidation Full Pending The Sl is not executed until there are sufficient funds in the account The system will re execute the instruction daily for the number of times defined as Maximum Retries In this case only an SUXS is triggered subject to the availability of funds to the extent of the SI amount The event PEXC will not be triggered even if partial funds are available in the account Ignore The current installment is not executed at all The next cycle will be processed on the next due date Await further The instruction is not processed again until its action code is instructions changed in the Instructions Due Table The SI Cycle Details table is autom
34. as per the nature of work it is supposed to perform A list of all the special instruction categories you have maintained through the Instruction Type definition screen will be displayed in the available option list You can identify the category to which the particular special instruction belongs Specifying the Expiry Date For a special instruction you should necessarily identify the date after which the special instruction looses its validity ES ORACLE 5 2 Let us assume that you are maintaining a special instruction to send a New Year card to Mrs Wendy Klien a high net worth customer of your bank greeting her on the occasion of the New Year You have identified Mr Henry Grant as the Account Officer in charge of executing this instruction and set 30 December 2001 as the Expiry Date If Mr Henry Grant fails to send the greeting in time the special instruction looses its validity After having specified all the pertinent details you can key in the instructions that should be carried out by Mr Henry Grant Viewing Standing Instructions associated with a Customer or Customer Account You can choose to view the details of standing instructions associated with a customer or customer account by clicking on Standing Instructions button in the respective maintenance screens The details of all the instructions associated with the particular customer customer account will be displayed in a tabular format Operations on SI
35. atically created when the automatic processing of Sls for the day takes place for details on this please refer to the chapter on Automatic Processing For an instruction you can change the action code in this table so that you may process an unsuccessful SI Force In this case the instruction is executed leaving a debit balance in the account ZS ORACLE 4 4 7 4 4 8 4 4 9 4 4 10 4 4 11 Maximum Retry Count If the Action Code for an instruction indicates that the full amount should be kept pending or the partial amount has to be liquidated you can define the maximum number of times for which Oracle FLEXCUBE should try to re execute the instruction This attribute is defined for the product and will be defaulted for the instruction and you can modify it Retries for Advice Number of retries for generating failure advice is captured here Clicking on Enrich button defaults retry count for advice from products You can modify the count Retries for Advice should be lesser than the Maximum Retries Failure Advice is generated when SI retries reaches Retry for Advice Specifying Minimum Balance after Sweep For a sweep in type of instruction you should specify the amount that should be left in the debit account after the sweep is executed A sweep in instruction will be executed when the balance in the credit account goes below the SI Amount The minimum balance after sweep ensures that
36. ay indicating that if the Next Due Date falls on a holiday the instruction should be executed on the working day before the holiday ra ORACLE You can select the appropriate holiday treatment preference Auto calculating the Next Execution Date The system arrives at the Next Execution Date based on your specifications in the Holiday Preference field and the Local Holiday maintenance screen of the Core Service module Let us assume that in the Holiday maintenance screen you have marked all weekends as holidays For the examples mentioned under Scenario in the section titled Indicating your preferences for the First Due Date and the Month end cycles the Next Execution Date will be displayed as follows First Due Month Next Due Holiday Next Execution Date End Date Preference Date 29 Feb v 29 Feb Next Working Day 29 Feb 2000 2000 2000 30 April v 30 April Previous Working 28 April 2000 2000 2000 Day 30 June v 30 June Don t Execute 30 June 2000 2000 2000 30 Sept v 30 Sept Don t Execute 30 Sept 2000 2000 2000 30 Nov H 30 Nov Next Working Day 30 Nov 2000 2000 2000 Suppose you specify that the instruction need not be executed on the Month end the Next Execution date will be displayed as follows First Due Month Next Due Holiday Next Exec
37. ay whether the account involved in an entry has to be debited or credited e P indicates you credit Pay to the account involved and e R indicates you debit Receive from the account involved You can specify the mode of payment by SWIFT or by an instrument and also verify customer signatures through the Settlement Instructions screen Specifying Account Details You can specify the following details in the Account Details tab Negotiated Cost Rate Specify the negotiated cost rate that should be used for foreign currency transactions between the treasury and the branch You need to specify the rate only when the currencies involved in the transaction are different Otherwise it will be a normal transaction The system will display an override message if the negotiated rate is not within the exchange rate variance maintained at the product Negotiated Reference Number Specify the unique reference number that should be used for negotiation of cost rate in foreign currency transaction If you have specified the negotiated cost rate then you need to specify the negotiated reference number also e ORACLE 4 7 4 8 Oracle FLEXCUBE books then online revaluation entries based on the difference in exchange rate between the negotiated cost rate and transaction rate Suppressing Advice The advices to be sent for an event are defined for the product under which the instruction is processed These advices will by
38. bar and click the adjoining arrow button Standing Instruction Contract Summary Authorization Status Instruction Status Instrument Number Product Code Source Code Source Instruction Number User Reference Counterparty Branch EEE EEEE ecords per page 15 v Authorization Status Instruction Status ment Numbe Produc Source Co Source Instruction Num Den User Reference c Authorization Status A Authorized U Unauthorized Instruction Status A Active H Hold S Close Processing Time B BOD E EOD Holiday Treatment F Forward B Backward L Lapse You can click Search button to view all the pending functions However you can to filter your search based on any of the following criteria ZS ORACLE Branch Code Specify the branch code on which you want to query for contract details from the adjoining option list This list displays all valid branch codes maintained in the system You can select the appropriate one Authorization Status Select the authorization status of the contract from the drop down list Instruction Number Select the instruction number from the option list Source Code Select the source code from the option list User Instruction Number Select the user instruction number from the option list Instruction Status Select the instruction status of the contract from the drop down list Product Code Select the product code from the option list Source Instruction Number Sele
39. be used in case it is a cross currency transaction The frequency of the execution The action to be taken if the account to be debited for an instruction does not have sufficient funds Details of charges applicable on an instruction Other tax details like the component being taxed the type of tax and the event opening execution etc upon which it is applied The accounting roles and the General Ledgers for accounting purposes when an event execution partial execution etc takes place and the advices to be generated The customer categories and customers for whom you can process instructions involving the product The branch and currency restrictions An instruction that you record acquires the details specified for the product that it involves However you also need to enter information that is specific to the instruction You can enter details specific to an instruction in the SI Contract Details screen You have to specify the following details for each instruction Counterparty on behalf of whom the instruction is being recorded Currency of the instruction Ha ORACLE 4 4 1 4 4 2 e Amount that has to be transferred during each cycle e Account that has to be debited e Account that has to be credited e Date on which the instruction has to be executed first due date e Date until which the instruction has to be executed expiry date e f the debit account is involved in more than one instructions falling due o
40. ct the source instruction number from the option list Counterparty Select the contract amount from the option list When you click Search button the records matching the specified search criteria are displayed For each record fetched by the system based on your query criteria the following details are displayed e Authorization Status e Instruction Status e Instruction Number e Product Code e Source Code e Source Instruction Number e User Instruction Number aa ORACLE vou can modify or amend other branch transactions only through summary screen 4 12 Sl Amendment Upload Oracle FLEXCUBE supports the amendment upload of Standing Instructions by way of the FLEXML interface Oracle FLEXCUBE allows amendment of only authorized instructions The following fields will be made available for amendment at the instruction level e Counterparty e Execution frequency Days Months Year Changing the counterparty will lead to re pickup of subsystems The following fields will be made available for amendment at the contract level e Action Code e Charge On Success e Charge On Partial Success e Charge On Reject e Retry Count e Charge Whom e Minimum Sweep Amount e Minimum Balance After Sweep e Sl Amount e Sl Amount Ccy e Dr Account Branch e Dr Account e Cr Account Branch e Cr Account The FLEXML interface will carry out the following as a part of the amendment upload e Anew version of the instr
41. ction Code Amount Cannot Be Null SI PR054 Either Rekey Of Currency Or Rekey of Amount Cannot Be Checked Without Selecting Rekey Required SI PR055 Instruction Code Cannot be Null SI PR056 Product Type Cannot Be Null SI PR057 For 1 Product Type Field 2 Should Be 3 SI PR058 Failed In ICCF Cross Validation SI PR061 Accounting Role Should Be Maintained SI UP0001 Failed to get Commit Frequency for SI Upload SI UP0002 Error while locking the contract SI UP0016 Failed to get upload status from source preference SI UP0017 Upload status And Override Exception is On Hold SI UP0020 Error while fetching Process reference number SI UP0021 Error in Upload SI UP0023 Function fn_upload_an_instruction returned False SI UP0025 Invalid A C or A C not allowed for the Product SI UP027 Charge Amount Not entered SI UPCA0001 Error during insert into sttos_upload_master for SI Accounts SI UPCA0002 Failed to select defaults Information for SI Accounts SI UPCA0003 Failed to insert into sttos_upload_cust_account for SI Accounts 7 7 ORACLE Error Code Message SI UPCA0004 Failed to upload customer account for SI Accounts SI UPCA0005 In Main Exception when others Failed in function bnpksref fn_upload_si_account SI UPCAO0006 Failed to generate upload sequence no for SI Accounts SI UPCA0007 Failed to select defaults Information for SI
42. d date SI PR012 Preferences need to be entered for the product SI PR013 Product code cannot be null SI PR014 Maximum retry count input is mandatory SI PR015 Execution periodicity has to be specified SI PR017 Action to be taken in case of a holiday has to be specified SI PR018 Processing time has to be specified SI PR019 Action code amount cannot be null SI PR020 Minimum sweep amount has to be specified SI PR021 A closed product cannot be reopened again SI PR022 Instruction has to be different from existing product codes and instruction codes SI PR023 Product code has to be different from existing instruction codes SI PR024 Instruction code should be four characters long SI PR025 Instruction code should have at least one non numeric character SI PR026 Instruction code cannot start with alphabet z SI PR027 Instruction code should contain A Z and 0 9 characters only SI PR028 Instruction code has to be different from product code SI PR029 Either rekey of currency or rekey of amount need to be marked SI PR030 Minimum sweep amount currency has to be specified SI PR031 Are you sure you want to close this product SI PR032 Unauthorized products cannot be closed SI SAVED Instruction saved successfully 7 9 ORACLE Error Code Message SI SW0001 Balance could not be got for 1 in branch 2 SI SW0003 Could not get account type fo
43. default be generated for an instruction after the product is authorized However while processing an instruction you have the option to suppress the generation of an advice Click Advices button in the SI Input Detailed screen The Contract Advices screen will be displayed Contract Advices Contract Reference Contract Advices E Advice Name Receiver Suppress Priority Ho Normal we The screen will contain the details of the advices applicable for the event you are processing If you want to suppress an advice select Yes in the Suppress column Since an advice for a standing instruction is always sent by mail the priority column does not apply Tax on Instruction You can process tax on the charges that you earn for an instruction and on the instruction amount itself Tax is applied based on the tax scheme linked to the product under which the instruction is processed ah ORACLE While processing an instruction you can choose to waive the tax applicable Click Tax button The Tax Details screen will be displayed Tax Details Contract Reference Tax Scheme Description C Waive All Rule Details E Rule Basis Component o Amount Details E value Date Transaction Date Currency Event Sequence Number o Tick the Waiver button if you want to waive the taxes applicable 4 9 Viewing Event Details on Instruction The event details screen of ins
44. der a product with processing time as BOD or EOD the accounting entries will be passed either during the beginning of day or end of day on the due date When the processing is end of day the instruction will be executed when the automatic processes for the SI module is run after End of Transaction Input has been marked for the day on ORACLE 4 1 4 Recording an Instruction Introduction A product is a specific service that you offer your customers For example you may process periodic insurance payments account sweeps subject to a specific balance etc These services should be defined as products A product you will notice helps you classify the standing instruction services that you offer according to broad similarities The advantage of defining a product is that you can define certain general attributes for a product that will default to all instructions involving it Every time you have to process an instruction for a customer you need not specify its general attributes since they are inherited from the product involved Some of these attributes may have to be changed for an instruction Further attributes specific to an instruction like the accounts involved the currency and amount of transfer etc have to be specified when an instruction is initiated K ORACLE 4 2 Specifying Standing Instruction Details The details of an instruction are recorded in the Standing Instruction Online Detailed screen Y
45. e amount that should be processed for the next cycle of the variable payment transaction Every time a cycle of the variable payment instruction is executed the SI Amount field is reset to zero You should put in the SI Amount applicable for the next cycle through the Amend operation on the SI Input Detailed screen If the amount is not changed and it remains as zero on the Value Date of the instruction Oracle FLEXCUBE will not process it it will allot it an unprocessed status You should change the amount through the SI Cycle Details table before the variable payment can be processed during a subsequent retry The instruction currency is the one in which the instruction should be executed The SI amount that you specify is taken to be in the instruction currency The currency of the debit and credit accounts can however be different from this currency In such a case Oracle FLEXCUBE will use the conversion rate specified for the product Further the holiday checking for an instruction will be done for the instruction currency Value and Due Dates The First Execution Value Date is the date you should specify while processing an instruction This date is used by Oracle FLEXCUBE for the following purposes e The first execution of the instruction is done on this date and e The value dates for subsequent executions will be computed based on this date and the frequency of the instruction Thus the Next Execution Value Date is the date
46. e as of which the next cycle of the instruction will fall due This date will be different from the Next Due Date if the former fell on a holiday and the SI was executed on a different date Cycle Seq No This is the cycle sequence number SI Exec Date The date on which the next execution of the instruction will be processed Counter party The code for the customer Name The customer s name on behalf of whom the instruction is being processed Contract Ref No The reference number for the particular cycle of the instruction that is due or pending SI Expiry Date The date as of which the cycle falls due Max Retry The maximum number of times that the instruction will be Count retried for execution Action Code Indicates the action that is to be taken in case the instruction is not processed on the due date due to lack of funds in the debit account Priority If the debit account is involved in more than one instruction during the same day you should allot the order in which they should be processed The priority allotted for this instruction is shown here SI Amt Ccy The currency in which the instruction is processed SI Amount The amount that is transferred when the instruction is processed Amt Pending The amount that is pending Amt Executed If the instruction is executed the amount is transferring Charges on Success Rejection Partial Execution Indicates whether any c
47. e execute the instruction This number is shown here Priority If a debit account is involved in more than one instruction during the day you would have allotted a priority for each instruction This priority is shown here Charge Borne By Indicates the party who will bear the charges for the instruction Action Code For a payment type of product you should define the action to be taken when an instruction is not executed because of lack of funds The action code defined for this instruction is shown here Beneficiary It is the name of the customer who is the beneficiary of the instruction SI expiry date The date after which the instruction will not be processed 8 13 ORACLE SI CCY The currency in which the instruction is processed Amount For a payment and collection type of product this is the amount defined for the instruction Min Sweep Applies for a sweep type of product This is the minimum Amt amount that has been defined for a sweep to be executed Min Bal after The minimum amount that should be available in the Sweep Sweep From account after the sweep has been executed Charge on Indicates whether charges are to be applied for instruction Success Partial when it has been successfully executed or partially execution executed or rejected Reject Debit Branch The details of the debit account the branch account Account number and currency Curr
48. e generated report Sr No Field Name Field Description 1 Ben Account No Indicates Beneficiary Account Number 2 Beneficiary details Indicates Beneficiary Name ee ORACLE 3 Customer Name Indicates Customer Short Name 4 Account no Indicates Remitter Account No 5 Customer Indicates Customer Id 6 SI Date Indicates Standing Instruction date 7 SI CCY Indicates Standing Instruction Currency 8 SI Amount Indicates Standing Instruction Amount 9 SC Amount Indicates Service Charge Amount 10 SI status Indicates Standing Instruction status 11 Total Amount Indicates Total SI amount and SC amount Standing Orders Placed Today Report During the day branches input the standing instructions given by the customers Branches enter the Debit account no frequency amount etc based on the details provided by the customer After these details are entered during EOD the standing instructions are carried out according to the start date frequency priority etc You can list these successful standing orders placed through out the day in Standing Order Placed Today Report You can invoke Standing Order Placed Today Report screen by typing SIRPLTOD in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button Standing Orders Placed Today Branch Code Date Product Type Report Format Printer At Report Output Printer
49. e number of times defined as Maximum retries count 3 7 ORACLE Ignore The payment to the company will not be made this year but the next payment will be processed Await Future insurance payments for Ms Tanya Agnihotri will not be further made until a change in the Action Code is indicated in the instructions Instructions Due table Force The payment will be made leaving a debit balance in the account 3 3 1 4 Maximum Retry Count The action code for a product indicates the action to be taken when the account to be debited for an instruction does not have the requisite balance One of the actions could be for the full amount to be kept pending and the instruction re executed daily However you can fix the maximum number of times the SI should be re executed This number is defined as the maximum retry count The SI for the current cycle will be skipped after this number has been reached Please note that this number will also include the first time the system tries to execute the instruction That is if the maximum retry count is five the system will try to re execute the SI after the first try for four times 3 3 1 5 Retry Count for Advice The system generates failure advice for Standing Instructions of Payment type with Action Code as Full Pending Retry Count for Advice captures number of retries for failure advice generation Retry Count for Advice should be less than Maximum Retry Co
50. ecsesceesscoeessocsesseceseseessooeessesessse 4 1 4 1 INTRODUCTION merero E EE E E e eege 4 1 4 2 SPECIFYING STANDING INSTRUCTION DETAILS 4 2 4 3 OPERATIONS ON INSTRUCTION ccccccessessscecececeessssesecececeesesseseseeececeeaaeceesesesenasesesececeeseaaeeeseecesensnseaeseases 4 3 4 4 FEATURES OF SI INPUT DETAILS SCREEN ccccecesssssececececseseaeeecececseseaeseeececsesuaesecececeeseaaeaeseesesessnaseeeeees 4 3 4 4 1 Specifying Product COE ios 2sssessdscccessisedeuesenssobtdndsv ies svdesbsiogivebs vonsesbacpesesdeasesnesihenirduessazeavedyteeebeagees 4 4 4 4 2 Instruction EE 4 4 4 4 3 Kette GNADUE Dat s sssrinin EE E EA SEN EE ege AE ere 4 6 4 4 4 Specifying Debit and Credit Accounts ssccsccesceesseesceeseesecesecesecusecuaecaeecaeeeseeeseesaeeeeeeeeseaeenaeeaessaeeaas 4 7 4 4 5 Specifying EE 4 7 4 4 6 PICHON Code EE 4 8 4 4 7 Maximum Retry Onnens geht cd sabe AER stan wiebedirbe Van E OE EEE E R ES TEES 4 9 4 4 8 Retries Jor Advice icenen n a EG RR Ra 4 9 4 4 9 Specifying Minimum Balance after Sweet 4 9 4 4 10 Specifying Minimum Sweep Amount 4 9 4411 Specifying Your Remarks ssena n Medea E E A RE 4 9 4 5 CHARGES FOR INSTRUCTION EE 4 10 4 6 SETTLEMENT INSTRUCTIONS neia e iea E E E E E E E EE ice RENE ESA 4 10 4 6 1 Specifying EE 4 11 4 7 SUPPRESSING ADVICE eniai e E E E see E A A EE e A AE E E ER EEE EERE 4 12 4 8 TA ON INSTRUCTION EE 4 12 4 9 VIEWING EVENT DETAILS ON INSTRUCTION 4 13 4 10 VIEWING IDUPLICATION DETAILS r
51. eds to be considered while checking for duplicate transactions SS ORACLE SI Amount Check this box to indicate that the SI amount needs to be considered while checking for duplicate transactions Book Date Check this box to indicate that the booking date needs to be considered while checking for duplicate transactions First Execution Value Date Check this box to indicate that the value date of the first execution of the Standing Instruction needs to be considered while checking for duplicate transactions Execution Periodicity Check this box to indicate that the periodicity of the Standing Instruction needs to be considered while checking for duplicate transactions The check for duplicate transactions is carried out based on the duplication check days maintained at Branch Parameter level An override message gets displayed if any duplicate transaction is encountered If none of the above checkboxes are selected duplication check will not be performed even if duplication check details have been specified at branch parameter level For more details on the duplication check preferences maintained at branch level refer the section titled Maintaining Duplication Check Details in Core Services user manual 3 3 1 10 Referral Required Referral refers to the process of handling customer transactions which force the accounts involved in such a transaction to exceed the overdraft limit Standing Instructions are examples
52. eep should be same across contracts Override SI CON047 Minimum sweep amount cannot be greater than SI amount SI CON048 Debit account and credit account must be different SI CON049 Unable to update contract log MIS SI CON050 Execution on month ends only SI CONO51 Are you sure you want to delete the contract SI CON052 Picking MIS defaults for 1 SI CON053 MIS defaults changed for 1 SI CON054 Picking ICCF defaults for 1 SI CONO055 ICCF defaults changed for 1 SI CONO56 Picking tax defaults for 1 SI CONO057 Tax defaults changed for 1 SI CON058 Picking settlement defaults for 1 SI CONO59 Settlement defaults changed for 1 SI CONO60 Unable to generate reference number SI CONO61 Unable to get calendar for date 1 amp branch 2 SI CON062 Unable to update contract change log SI CON063 All cycles of this contract have not been processed Deletion disallowed 7 4 ORACLE Error Code Message SI CON064 Expiry date cannot be before today SI ICCF1 ICCF referral failed SI ICCF2 Failed to update ICCF status as waived SI NOACC Amount check failed for accounts 1 and 2 SI CONO65 1 Account Ccy is different from SI Amount Ccy so resetting SI Amount to null SI CON070 Advices defaults changed for 1 SI CONO71 Are you sure you want to Delete the Contract 1 SI CONO72 All Cycles of Contract 1 have not been processed Deletion Disal
53. ency Credit The details of the credit account the branch account number and currency 8 7 Standing Instructions Due Pending for Execution Report The Standing Instructions Due Pending for Execution Report is ideally generated during the Beginning of Day operations It provides information about the instructions that fall due today and those that are pending from previous days The information given by this report depends on when the report is generated as follows e Before the SI Batch function is run during beginning of day the instructions due for execution during the day either during BOD or EOD will be reported along with those pending from previous days e After the SI Batch function is run during beginning of day the instructions due to be processed during EOD that day and those pending execution will be processed e After end of financial input EOF has been marked the instructions that are due for the next day and those pending from previous days will be reported Note that sweeps will not be reported in this report as whether a sweep is due for execution depends on the balance in an account at the time of execution You can invoke this screen by typing the code SIRPDUE on the field at the top right corner of the Application tool bar and click on the adjoining arrow button SS ORACLE SI Due Pending Report Standing Instructions Due Pending Report 8 7 1 Contents of Report Header
54. ent Amount Payee of the Cheque 59 Beneficiary Name Sender to Receiver Information 72 Sender to Receiver information End of Message text trailer The standard SWIFT validations on field 72 are carried out in Sender receiver information of Settlement subsystem in SI for amount tag SI_AMT The system will create MT110 in the SI batch with the message type as DD_ISSUE Field 72 will not be populated if the sender to receiver info is empty 4 12 2 Printing of DD BC All the generated Drafts Banker s Cheques will be spooled to a file based on Instrument type and these spooled files would be sent to designated DD printing system in bank Note the following e The Message Printing MSDPRINT screen would be used to spool the generated DD PO s during SI batch e The instruments for DD and PO would be identified with the message type DEMDRAFT and MCK respectively e The Message Printing screen has the provision to spool instruments based on Customer That is Customer Account and Instrument ER ORACLE 5 1 5 Standing Instructions Diary Maintaining a Standing Instructions Diary In Oracle FLEXCUBE you can capture text based standing instructions and link each instruction with a specific customer account or a customer through the Standing Instruction Diary screen You can invoke this screen by typing SIDDIARY in the field at the top right c
55. harges have to be levied when this instruction is processed on successful execution partial execution or on rejection 8 4 Report on Pending Collections 8 5 ORACLE 8 4 1 The standing collection orders that are pending execution as of a date are reported by this report The report can be generated either for today or a date in the past Selection options The report can be generated as of a specific date You can invoke this screen by typing the code SIRPCOLL on the field at the top right corner of the Application tool bar and click on the adjoining arrow button Si Pending Collections Report Pending Collections Report Date Specify the following details Date Specify the date Click OK to generate the report Contents of Report The report options that you selected while generating the report are printed at the beginning of the report Header The Header carries the title of the Report information on the branch code the date and time the branch date the user id the module name and the page number of the report Body of the report The report is sorted on the customer number and instruction number in the ascending order S ORACLE 8 5 The following information is provided for each instruction SI Type The type of standing instruction It could be one to one many to one one to many or many to many Product Type This is the type of product under which the SI is
56. hat you are creating belongs Defining the Product Type The product type identifies the most basic nature of a product The remaining attributes that you define for a product will depend on its product type A product that you are defining can have one of the following types e Standing payment orders e Standing collection orders e Account sweeps in or out e Variable payments we ORACLE 3 3 1 Setting Product Preferences Preferences are the options that are available to you for defining the attributes of a product The options you choose ultimately shape the product Some of the attributes defined as preferences can be changed when an instruction is processed under the product Click Preferences button to invoke the SI Product Preferences screen Preferences Processing Time Rate Type Holiday Exception Minimum Sweep Amount Action Code Amount Maximum Retry Count SI Type One To One Retry Count for Advice One To Many Many to One Execution Periodicity Days Many To Many Months Transfer Type Years Standing Order With Authorization Rekey Referral Required Rekey Required Rekey of Amount Rekey of Currency Duplication Recognition Product Code Cr Account SI Currency SI Amount Book Date First Execution Value date 0 m Deo 1 ose Execution Periodicity The product code together with a brief description that you specified for the product in the product definition screen will be displayed
57. he necessary transaction is effected An SI will not be process ed if there are insufficient funds in the account to be debited In such a case the Action Code specified for the product will decide the action to be taken It could be Partial The system will first attempt an SUXS If SUXS fails due to ae ORACLE Liquidation insufficient funds Available Balance lt SI Amount in the account the SI will be executed to the extent of the funds available This is known as partial execution The event PEXC is triggered during a partial liquidation execution The rest of the amount will be collected during subsequent retries subject to the Maximum Retries defined for the instruction The system will attempt SUXS only once during the day first time If it fails only PEXC will be attempted on every subsequent retry Therefore if between the SUXS and PEXC events the available balance increases to cater to the full SI the PEXC event ONLY will be triggered This means that the entire SI amount may be posted for the PEXC event as well However the event PEXC is triggered only if the Action Code is specified as Partial Liquidation Full pending The Sl is not executed until there are sufficient funds in the account The system will re execute the instruction daily for the number of times defined as Maximum Retries In this case only an SUXS is triggered subject to
58. hese generic attributes you can specifically define other attributes These attributes are discussed in detail in this chapter You can define the attributes specific to an SI product in the SI Product Definition Main screen and the SI Product Preferences screen In these screens you can specify the product type and set the product preferences respectively For further information on the generic attributes that you can define for a product please refer the following Oracle FLEXCUBE User Manuals under Modularity e Product Definition e Interest e User Defined Fields e Settlements Product Code You need to identify a standing instruction product that you are creating with a unique Product Code This code should be unique across all the modules of Oracle FLEXCUBE This code should be different from the Instruction Code that is given Instruction Code You should give the product another unique code that will be used to generate the Instruction Reference Number This code should be different from the Product Code that will be used to generate the contract reference number for each cycle of the instruction Product Group Grouping products according to the common features they share helps you organize information relating to the services you provide Product Groups also help you retrieve information easily You can invoke a list of the product groups that you have maintained in your bank and choose the product group to which the product t
59. icscdecgssbsesevavscucssesscdusedetnleg oits dey 8 1 6 2 1 TE 8 2 8 3 UNSUCCESSFUL SIS FOR THE DAY c cicciscscssccscescssscotcosestes stones stessedecs Ri SERENE EE ATES ENEEIER EN TRE KATEKESE eech 8 3 8 3 1 TE 8 4 8 4 REPORT ON PENDING COLLECTIONS cc iscscssccsccsccvscctcoscstesstevesstessedecsieectsnsostestescdecgs tdsctevadeduveesesscensecedousedesdeey 8 5 6 4 1 Contents Of HEES Eeer 8 6 H REPORT ON STANDING INSTRUCTIONS FOR A CUSTOMER ccsccsssescsssesessessseseceeesecseseeesseeeseessseseseeseeneeeese 8 7 6 5 1 Selection EE 8 8 6 5 2 VT 8 8 8 6 REPORT ON STANDING INSTRUCTIONS BY PRODUCT TYPE s essesssseseressrrsssrstrresrsrsesenreernenensenrenrnenenense 8 11 6 6 1 Selection EE 8 11 8 6 2 Contents Of the Rep rt sii renei ee i a eE R E EEE EEEE EE EEE EE ER 8 12 8 7 STANDING INSTRUCTIONS DUE PENDING FOR EXECUTION RppORT 8 14 8 7 1 ET 8 15 8 8 SI EXECUTED FOR EXTERNAL ACC DD AND BANKER S CHEQUES REPORT ossnnnensessseeesnseerrrern erresen 8 16 6 8 1 ET 8 18 8 9 STANDING ORDERS PLACED TODAY RppORT 8 19 6 9 1 Contents Of th Report sccsstisesstssiee vestheneytidis wrilignntnban veideeas red DEER 8 2 9 SCREEN GLOSSARY uu csccssssssssssscccnsesescssssessssnsssccnsesesesssnesssensesssneesessssssssssensssssncesesssssnssssssessssneesosssssoss 9 22 9 1 FUNCTION UD E CN 9 22 E ORACLE 1 1 Introduction 1 About This Manual This manual is designed to help you to quickly get familiar with the Standing
60. ient location e Server Select if you need to print at the server location SS ORACLE Printer Select printer using which you wish to print the report from the adjoining option list 8 9 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 Standing Order Placed Today Report is as follows Header The following details are displayed in the header section Sr No Field Name Field Description 1 Bank Code Indicates Bank Code 2 Bank Name Indicates Bank Name 3 Branch Code Indicates Branch code 2 Branch Indicates Branch Name 3 Run Date Indicates Date on which report is generated 4 User ID Indicates User ID Body of the Report The following details are displayed as body of the generated report Sr No Field Name Field Description 1 Account no Indicates Debit account number 2 Customer name Indicates Customer name 4 Priority Indicates Priority 5 Product Type Indicates SI product type 5 Freq Indicates Instruction frequency 6 Next Due Date Indicates Next Instruction scheduled date 7 CCY Indicates Standing Instruction amount currency 9 Payment Amount Indicates Standing Instruction Amount 10 Beneficiary Name Indicates Credit Account holder name 11 Beneficiary A C Number Indicates Credit Account Number SE ORACLE 9 Screen G
61. ing SI Expiry Date The date as of which the cycle falls due Max Retry Count The maximum number of times that the instruction will be retried for execution Action Code Indicates the action that is to be taken in case the instruction is not processed on the due date due to lack of funds in the debit account Priority If the debit account is involved in more than one instruction during the same day you should allot the order in which they should be processed The priority allotted for this instruction is shown here SI Amt Ccy The currency in which the instruction is processed SI Amount The amount that is transferred when the instruction is processed Charges on Indicates whether any charges have to be levied when Success this instruction is processed on successful execution Rejection Partial partial execution or on rejection Execution Debit and credit Branch Currency Account Name Amount These are the details of the debit and credit account of the transaction the branch the account currency the account number the customer s name and the amount transferred SI Executed for external Acc DD and Banker s Cheques Report Oracle FLEXCUBE facilitates you to view the list of standing instruction executed for external account and banker cheques for a given branch code and process date Branches accept the standing instructions Sl for credit in their own accounts as well
62. instruction The value date for the first execution is usually the same date as the first due date unless that is a holiday In that case the First Value Date will be computed based on the holiday handling specifications for the product By default the First Due Date will be today s date You can change it to a date in the future Oracle FLEXCUBE will automatically compute the next due date and next value date based on the periodicity defined for the product The Expiry Date will be the date until when the instruction will be processed 4 4 2 5 Specifying Instruction Currency and Amount The SI amount that you specify while processing an instruction has different interpretations depending on the type of SI as follows ORACLE 4 4 3 Payment This is the amount that should be transferred whenever the instruction is executed Collection This is the amount that would be coming in for the customer for every cycle This amount is for information purposes only and no accounting entries will be passed for it Sweep in This is the balance in the credit account that should trigger a sweep in of funds The sweep transaction will be executed if the balance in the credit account goes below this amount Sweep out This is the balance in the debit account that should trigger a sweep out of funds The sweep transaction will be executed if the balance in the debit account becomes greater than this amount Variable Payment This is th
63. ions recognized based on the product preference You can view all the duplicate instructions in the Duplication Details screen Click Duplication Details button in the Standing Instruction Online Detailed screen to invoke this screen Duplication Details Contract Reference Duplication Details E Contract Reference InstrumentNumber SI Amount Currency SI Amount Here the following details are displayed Instuction number User Instruction number Reference No User Ref No SI Amount SI Expiry date SI Currency Debit Branch Credit Branch Debit Account Credit Account Debit Ccy ORACLE e Credit Ccy Duplication check is done based on the following criteria e Number of days that are maintained for duplicate check at the Branch Parameters Maintenance screen e Duplication recognition that is selected at the Standing Instruction Product Definition screen e The duplication details are persistent and can be viewed by the authorizer too e Duplication Check is done against the contract level and not at the instruction level e If duplication details are not maintained at branch level for Standing Instructions no duplicate checks will be carried out 4 11 Viewing SI Contract You can view the SI contract using Standing Instruction Contract Input Summary screen To invoke this screen type SISTRONL in the field at the top right corner of the Application tool
64. ity If the debit account is involved in more than one instruction during the same day you should allot the order in which they should be processed The priority allotted for this instruction is shown here SI Amt Ccy The currency in which the instruction is processed SI Amount The amount that is transferred when the instruction is processed Amt Pending The amount that is pending Amt Executed If the instruction is executed the amount is transferring Branch This details the branch transactions Charges on Indicates whether any charges have to be levied when Success this instruction is processed on successful execution Rejection Partial partial execution or on rejection Execution Debit and credit These are the details of the debit and credit account of Branch Currency Account Name Amount the transaction the branch the account currency the account number the customer s name and the amount transferred SI Reason Indicates the reason for Standing Instructions Payout Mode Indicates the mode of payment Remaining Balance The available balance of the debit account Selection options Unsuccessful Sls for the Day This report should be ideally generated after the EOD run of the SI batch processes has been completed so that complete information for the day is reported The report gives details of instructions that were scheduled for the day but were not processed for some
65. ll on a month other than the one it was originally due Under such circumstances the adjustment will made in such a way that the due date is retained in the month of the original due date The adjustment may be in the form of an exactly opposite action from that defined for the product the due date may be backward for a product with the forward code and vice versa Thus whether an instruction will be picked up for processing also depends on your holiday handling specifications as it does on the frequency and the first value date defined for the instruction oT ORACLE 6 3 6 4 SI Cycle Due Table On the day a cycle of an instruction is processed its details will be put onto the SI Cycle Due table The following information will be available for a pending cycle in this table e The serial number allotted to the cycle and the total number processed till date e Details about the instruction like the instruction number product type user instruction number SI Type counterparty and the holiday handling specifications e Details about the cycle like the Reference Number Execution Status could be successful waiting retry unprocessed in the case of a variable payment or ignored e The event on which charge will be applied for the SI e The action code defined for the product indicating the action to be taken when funds in the debit account are not sufficient for the SI to be processed e The priority allotted for the in
66. lossary 9 1 Function ID List The following table lists the function id and the function description of the screens covered as part of this User Manual Function ID Function Description SIDCONON Standing Instruction Online Detailed SIDCYCLE Standing Instruction Cycle Detail SIDDIARY Standing Instruction Diary SIDPRMNT Standing Instruction Product Definition SIRACCBC SI Instruction Executed for External Acc DD and BC Report SIRPCOLL Standing Instruction Pending Collections Report SIRPCUST Standing Instruction by Customer Report SIRPDUE Standing Instruction Due Pending Report SIRPLTOD Standing Order Placed Today Report SIRPSUXS Successful Standing Instructions SIRPTYPE Standing Instruction By Product Type Report SIRPUNSC_ Unsuccessful Standing Instructions SISTRONL Standing Instruction Contract Input Summary 9 22 ORACLE ORACLE Standing Instructions May 2012 Version 12 0 Oracle Corporation World Headquarters 500 Oracle Parkway Redwood Shores CA 94065 U S A Worldwide Inquiries Phone 1 650 506 7000 Fax 1 650 506 7200 www oracle com financial_services Copyright 2012 Oracle Financial Services Software Limited All rights reserved No part of this work may be reproduced stored in a retrieval system adopted or transmitted in any form or by any means electronic mechanical photographic graphic optic recording or o
67. lowed SI CONV 001 Failed To Obtain Record from 1 for reference Number 2 SI DIA0001 Do you want to execute the Instruction during every month end SI DIA0002 1 should be greater than application date SI DIA0003 Unauthorized record cannot be closed It can bedeleted before first auth SI DIA0006 Instruction cannot be reopened since the Customer account is either closed or unauthorized SI DIA0007 Instruction cannot be reopened since the customer information record is either closed or unauthorized SI DIA0008 Exception Raised SI DIA0009 Failed to get END OF INPUT for current branch SI DIA0010 This process can be run only during Begin of Day or End of Day SI DIAO01 1 Event Based SI Processing successful SI DIA0012 Frequency Based SI Processing successful SI DIA0013 Error in calculating next exec date in Readjust function SI DIA0014 Error in calc next val exec date for lapsed SI DIA0015 1 is not applicable for Frequency Based Detail Do you want to proceed 7 5 ORACLE Error Code Message SI DIA0016 1 is not applicable for Event Based Detail Do you want to proceed SI DIA0017 1 is not applicable for Special Instruction Do you want to proceed SI DIA0018 For Unit of Instruction Type Customer Event Based Detail is not allowed SI DIA0019 Instruction will not be generated on month ends Do you want to continue SI DIA0020 Execution peri
68. lowing types of standing instructions gt Standing Payment Order gt Standing Collection Order gt Account Sweep Sweep in and Sweep out gt Variable Payment e Sl module is designed to automatically process an instruction that has been recorded apply relevant charges and generate advices Instructions can be recorded for handling a situation where an instruction cannot be processed due to lack of funds e The product definition facility enables you to create business products with certain attributes When an instruction is processed under a product these attributes will be applied automatically Flexibility which is the mainstay of Oracle FLEXCUBE s design ensures that you have the option to modify the attributes while processing an instruction to suit specific customer needs e Sl module has a flexible mechanism for defining and applying charges Charges can be collected either as a rate or as a flat amount on a slab or tier system These can be defined for products and modified for individual instructions Processing Standing Payment Orders A payment order is perhaps the most commonly used service Under this service one or more accounts of your customer are debited and one or more credited This is called a payment order because the service would mostly be used for making a payment like regular insurance payments Processing Standing Collection Orders A collection order is issued by a customer when a certain amount will c
69. me of day when the instruction is to be processed Product Code The product under which the instruction is processed Product Type The type of product under which the SI is processed It could be payment collection sweep or variable payment SI Type The type of standing instruction It could be one to one many to one one to many or many to many Instruction No This is the instruction number SI Exec Status The status of the instruction due or pending SI Value Date The date as of which the next cycle of the instruction will fall due This date will be different from the Next Due Date if the former fell on a holiday and the SI was executed on a different date Cycle Seq No This is the cycle sequence number SI Exec Date The date on which the next execution of the instruction will be processed Counter party The code for the customer Name The customer s name on behalf of whom the instruction is being processed Contract Ref No The reference number for the particular cycle of the instruction that is due or pending ORACLE 8 3 SI Expiry Date The date as of which the cycle falls due Max Retry Count The maximum number of times that the instruction will be retried for execution Action Code Indicates the action that is to be taken in case the instruction is not processed on the due date due to lack of funds in the debit account Prior
70. n EXCEL format Report Output Select the output in which you need to generate the report from the adjoining drop down list This list displays the following values e Print Select to print the report Ss ORACLE 8 8 1 e View Select to print the report e Spool Select to spool the report to a specified folder so that you can print it later Printer At Select location where you wish to print the report from the adjoining drop down list This list displays the following values e Client Select if you need to print at the client location e Server Select if you need to print at the server location Printer Select printer using which you wish to print the report from the adjoining option list Contents of the Report The parameters specified while generating the report are printed at the beginning of the report Other content displayed in the SI Instruction Executed for External Acc DD and BC Report is as follows Header The following details are displayed in the header section Sr No Field Name Field Description 1 Bank Code Indicates Bank Code 2 Bank Name Indicates Bank Name 3 Branch Code Indicates Branch code 2 Branch Indicates Branch Name 3 Run Date Indicates Date on which report is generated 4 User ID Indicates User ID 5 Process Date Indicates Period for which report is generated Body of the Report The following details are displayed as body of th
71. n processed Closing disallowed SI CON026 Closure failed due to internal error SI CON027 Instruction successfully closed SI CON028 Are you sure you want to reopen the instruction SI CON029 Are you sure you want to close the instruction SI CON030 Reopen failed due to internal error SI CONO031 Instruction successfully reopened SI CON032 SI expiry date 1 cannot be after product end date 2 SI CON033 SI expiry date 1 cannot be before first value date 2 SI CON034 SI type is one to one as defined in product Override product definition SI CON035 For many to one SI credit account should be the same Override this SI CON036 For one to many SI debit account should be the same Override this SI CON037 Account does not belong to the counterparty Override SI CON038 Amend failed due to internal error SI CON039 Credit account entered is not valid SI CON040 Counterparty entered does not exist 7 3 ORACLE Error Code Message SI CON041 SI amount should be same Override SI CON042 SI amount 1 cannot be less than the minimum balance 2 of credit account SI CON043 Minimum balance after sweep 1 cannot be less than the minimum balance 2 of debit account SI CON044 SI amount 1 cannot be less than the minimum balance 2 of credit account SI CON045 Accounts defined do not belong to the counterparty Override SI CON046 Minimum balance after sw
72. n the same day you can allot the priority with which an instruction has to be processed The following attributes will be inherited from the product and you can change them e Maximum retry count e Action code applicable if the instruction cannot be processed due to insufficient funds in the debit account e Execution Periodicity For charges you should indicate who bears the charge the remitter or the beneficiary You can also indicate the events that should be charged successful execution SUXS partial execution PEXC or rejection REJT Specifying Product Code Every instruction that you record would involve a specific service that you offer which you defined as a product When recording an instruction you should specify the product that it involves All the attributes of the product that you specify will apply to the instruction However you can change some of these attributes Instruction Number The Instruction Number identifies the instruction It is automatically generated by the system for each instruction The Instruction Number is a combination of the three character branch code the four character instruction code the date on which the instruction is recorded in Julian format and a running serial number The Julian Date has the following format YYDDD Here YY stands for the last two digits of the year and DDD for the number of days that have elapsed in the year ES ORACLE Example January 31 1
73. ndition Elements Operator v Condition Value Indicating the condition based on which the event gets triggered You have to specify the condition or factor within an account which is instrumental in triggering the standing instruction You can achieve this by identifying the conditional element and linking it with an operator and a conditional value First identify the conditional element which forms the basis for the event You have the option of selecting any one of the following events e Current Balance e Available Balance e Daily Turnover Credit e Daily Turnover Debit a ORACLE e Transaction Amount e Transaction Amount Debit e Transaction Amount Credit After selecting the appropriate condition you have to associate it with an operating clause The options available are e lt D lt e gt D gt e lt gt You can select the appropriate operator and associate it with the conditional element You will also have to specify the conditional value that is to be associated with the conditional element plus operator combination Example Our requirement is to associate a standing instruction with Mr Silas Marner s saving s account whereby each time the current balance in his account reaches GBP 1000 a notice will be served reminding him that his account has reached the current balance of GBP 1000 Your entries in the SI Diary screen should be as
74. nsaction the branch the account currency the Currency account number the customer s name and the amount Account transferred Report on Standing Instructions by Product Type Standing instructions are grouped into different product types payments sweeps collections and variable payments You can generate a report on instructions that are processed under each product type Selection Options The report can be generated either for a specific product type or for all of them You can invoke this screen by typing the code SIRPTYPE on the field at the top right corner of the Application tool bar and click on the adjoining arrow button Standing Instruction By Product Type Report Standing Instruction by Product Type All Types Single Type ProductType Collection Specify the following details SH ORACLE Standing Instruction by Product Type Indicate whether the reports should be generated for all types or single type If you choose Single Type you need to specify the product type for which the report needs to be generated The option list provided displays all valid product types maintained in the system You can select the appropriate one Click OK to generate the report 8 6 2 Contents of the Report The report options that you selected while generating the report are printed at the beginning of the report Header The Header carries the title of the Report information on the br
75. nt pickup failed for 1 and 2 SI CON001 Product code cannot be null SI CON002 User instruction number cannot be null SI CON003 First value date cannot be null SI CON004 Execution periodicity cannot be null SI CON005 Counterparty is not entered Override SI CON006 Product preferences could not be found SI CON007 First value date cannot be before today for EOD processing types and before tomorrow for BOD processing types of instructions SI CON008 Debit account branch cannot be null SI CON009 Debit account cannot be null SI CON010 Credit account branch cannot be null SI CON011 Credit account cannot be null SI CON012 SI amount currency cannot be null SI CON013 SI amount cannot be null SI CON014 User reference number cannot be null SI CON015 Maximum retries cannot be null SI CON016 Minimum balance after sweep cannot be null 7 2 ORACLE Error Code Message SI CONO17 Minimum sweep amount cannot be null SI CON018 Action code on amount cannot be null SI CONO019 Debit account entered is not valid SI CON020 Value date 1 is a holiday OK to proceed SI CON021 First value date 1 cannot be before product start date 2 SI CON022 First value date 1 cannot be after product end date 2 SI CON023 Are you sure you want to delete this version instruction SI CON024 Deletion successful SI CON025 All cycles of this instruction have not bee
76. odicity cannot be null Enter either the days or months or years or all the three SI DIA0021 Execution periodicity is not applicable for Event based Detail Do you want to continue SI DIA0022 Execution periodicity is not applicable for Special Instruction Do you want to continue SI DIA0023 Either the months or years field must have the value greater than zero SI DIA0024 Execution Periodicity days or months or years field should not have a negative value SI INSTRO1 Instruction type must be unique SI INSTRO2 Instruction type cannot be NULL SI LOCK 001 Failed to Obtain the Lock SI MANO1 1 Cannot Be Null SI MAND 001 Mandatory Field 1 is Not Input SI MAND 002 Mandatory Field 1 is Not Input in 2 for Record 3 SI MINMAX1_ 1 value cannot be less than 2 SI MINMAX2_ 1 value cannot be greater than 2 SI MINMAX4_ Invalid Date SI MINTES1 Minimum amount cannot be greater than Maximum amount SI NAO01 Batch process can be run only during Transaction Input SI OTHR 001 Unhandled exception in 1 7 6 ORACLE Error Code Message SI OTHR 002 Unhandled Error in 1 SI PR033 For execution periodicity either Days or Months or Years should be entered SI PRO50 Standing Instruction Type Cannot Be Null SI PR051 Holiday Exception Cannot Be Null SI PR052 Cannot Contain Minimum Sweep Amount SI PR053 A
77. of typical transactions which can force an account to move into overdraft While maintaining the details of an SI product you can indicate whether transactions involving the product need to be considered for referral checks Enabling this option indicates that transactions within the product need to be considered for referral If a product is marked for referral the details of transactions resulting in the account involved in the transaction moving into Overdraft will be sent to the Referral Queue Note the following e The referral is processed only for those SI instructions in which the Action code is Wait for Further Instruction and the processing time is BOD Referral is not processed for the other SI Instruction e f an Sl transaction breaches the specified limits the details of the transaction will be displayed in the Unposted Entries section of the queue You can choose to either accept or reject it SR ORACLE For further details on Referrals refer to the Processing Referrals in Oracle FLEXCUBE chapter of the Core Entities manual 3 3 2 Indicating the Processing Type Only while creating a payment type payment or variable payment or sweep type Sweep in or sweep out of product you have to specify the stage of end of cycle processing when an instruction under the product has to be processed The following options are available e EOD End of Day e BOD Beginning of Day When an instruction is processed un
78. of January 2001 wishing him on his birthday Special Instruction Il You would like to send a New Year card to Mrs Wendy Klien before the 30 of December 2001 greeting her on the occasion of the New Year Special Instruction Ill You would like to send a congratulatory message to Mr Sandy Brown on the purchase of his new car since he has availed of your car finance scheme You can associate all three of these instructions under the single Instruction Type Misc PR since the purpose and nature of all the three instructions is the same it is a public relations activity for your bank and it is miscellaneous in nature SH ORACLE 5 2 1 Operations on Instruction Type Record You can perform the following operations on an Instruction Type record e Enter the details of a new record e Copy the details of a record e Delete a record e Amend a record e Close and Reopen a record Refer to Common Procedures User Manual for details on these operations 5 12 ORACLE 6 1 6 2 6 Automatic Processing Introduction Once an instruction has been recorded in the system it will be executed on the due date by an automatic process This automatic process has to be executed twice everyday as follows e During the beginning of day when the payment instructions scheduled for BOD execution are processed and e After end of transaction input has been marked when payment messages scheduled for EOD execution and all other inst
79. ome in to a customer s account on a regular basis The crediting of this amount has to be handled through other modules of Oracle FLEXCUBE Remittances or Journal Entries When a collection type of instruction is recorded a Collection advice will be generated for the customer who serves as a reminder for follow up on the amount that should be credited into the customer s account ORACLE 2 2 3 Processing Sweep In Transactions A sweep in instruction will be used when the balance in a customer account should constantly be maintained at a certain balance A sweep in instruction ensures that whenever the balance in the customer account goes below a certain amount money is swept in from another account 2 2 3 1 Processing Sweep Out Transactions A sweep out instruction will be used to move funds out of an account whenever the balance reaches a certain minimum This is typically used to sweep funds out of a low interest earning account into a high interest earning one 2 2 3 2 Processing Variable Payment Transactions A variable payment is a variation of the payment type of instruction In a payment instruction you would fix the amount to be debited when the instruction is initiated this would be the amount for each cycle In a variable payment type of instruction the amount to be debited for each cycle would be different Examples of variable payments would be the payment of electricity or telephone bills where the amount would be differen
80. on Unit Of Instruction Unit Type Unit Number Frequency Detail Event Detail Special Instruction Execution Periodicity Execution Days Execution Months Execution Years C Month End Holiday Preference First Due Date Next Due Date Next Execution Date Fields Setting the Execution Periodicity If you have indicated that the particular instruction is to be Frequency Based you have to set the frequency at which the system has to execute the instruction The options available are SS ORACLE e Days indicating that the instruction should be executed as per the number of days specified in this field You can choose to execute the instruction on a daily basis or once in every few days For instance your requirement is for the standing instruction to be carried out once in every 20 days You have to capture 20 in this field The system will execute the order once in every 20 days e Months indicating that the execution periodicity should be on a monthly basis For example if you want to execute the instruction once in every three months specify 3 in this field e Years indicating that the instruction should be executed based on a yearly frequency It could be either annually bi annually once in three years etc depending on your requirement Indicating your preferences for the First Due Date and the Month end cycles After you
81. operations on an instruction input modification etc have to be authorized e By a user other than the one who carried out the operation and e Before you can begin the End of Day operations When you invoke the initiation of an instruction for authorization as a cross checking mechanism to ensure that you are calling the right instruction you can specify that the values of certain fields should be entered before the other details are displayed The complete details of the instruction will be displayed only after the values to these fields are entered This is called the re key option The fields for which the values have to be given are called the re key fields If no re key fields have been defined the details of the instruction will be displayed immediately once the authorizer calls the SI for authorization The re key option also serves as a means of ensuring the accuracy of inputs Duplication Recognition You can specify the following details related to duplication check for transactions The duplication check is carried out based on the combination of the preferences maintained at the SI product level Product Code Check this box to indicate that the product code needs to be considered while checking for duplicate transactions Cr Account Check this box to indicate that the Cr account needs to be considered while checking for duplicate transactions SI Currency Check this box to indicate that the SI currency ne
82. orner of the Application tool bar and clicking the adjoining arrow button The diary of text based standing instructions that you maintain is meant for your bank s own internal reference Since each instruction is linked to a customer account or a customer it will be executed automatically by the system as of the due date depending on the execution parameters defined for each instruction For instance let us assume that Silas Marner an individual type of customer having a GBP Savings Account in your bank has instructed you to execute an instruction as and when the current balance in his account comes down to GBP 1000 You have to associate the standing instruction with the customer account whereby the instruction will be executed suitably Standing Instruction Diary Instruction Number Instruction Type Frequency Based Branch Code Event Based Instruction Special Instruction Unit Of Instruction Unit Type Unit Number Frequency Detail Event Detail Special Instruction Execution Periodicity Execution Days Execution Months Execution Years Month End Holiday Preference First Due Date Next Due Date Next Execution Date Input By Authorized By Modification Date Time Date Time Number Authorized Open Every time you invoke the SI Diary details screen to capture the details of a new record the system automatically assigns an instruction number to the new record In Oracle FLEXCUBE instruction
83. ou can invoke this screen by typing SIDCONON in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button Standing Instruction Online Detailed k Next Execution Date Instrument Number Product Type User Reference Instruction Type Product Description Product Code Processing Preferences First Execution Execution Periodicity Execution Time Value Date Days Counterparty Due Date Months Holiday Treatment Years Next Execution Value Date Month End Due Date Instruction Definition SI Details a gt Reference Number SI Currency Charge Information SI Expiry Date Charge on Success Mirror Reference SI Expiry Date Charge on Partial SI Amount Charge on Reject User Reference SI Amount Borne By v Credit Details Debit Details Credit Branch Debit Account Branch Credit Account Debit Account az Priority Priority Remarks ell Credit Currency Enrich Debit Currency Z Credit Account r E Debit Account Description v Retries for Advice Description Maximum Retries of Details Maximum
84. processed It could be payment collection sweep or variable payment Inst Status Indicates whether one or more cycles for an instruction is pending for execution Due Date The date as of which the first execution for the instruction was processed Value Date The date as of which the first execution of the instruction was done This date will be different from the First Due Date if the former fell on a holiday and the SI was executed on a different date Instruction No This is the instruction number Contract Ref No This is the reference number of the contract Counterparty This is the counterparty number Counterparty Name This is the name of the counterparty SI Ccy This is the SI currency code Action Code This code indicates the status of the action Priority This indicates the priority of the action Amount This is the contract amount Debit This shows the debit details Credit This shows the credit details Branch This is the code of the branch from which debit and credit is done Ccy This is the currency code in which debit and credit is done Account This shows the account number from which credit and debit is done Name The name of the debtor or creditor Report on Standing Instructions for a Customer 8 7 ORACLE This report gives the details of Sls that have been defined for different customers You can choose to generate the report for are a
85. r account SI SW0004 Could not obtain the available balance of GL SI SW0005 Could not log exception for 1 SI SW0006 Untrapped error in sweep process SI TAX1 Tax pickup computer failed SI UNIQUE1 User instruction reference number must be unique SI UNIQUE2 User contract reference number must be unique SI UPLOO1 Unhandled error while getting first exec date SI UPLO02 Invalid product type SI UPL003 Dr account or Cr Account not maintained in cube SICYC 001 Unable to lock record for update SICYC 002 Priority field must be entered SICYC 003 Successfully saved SICYC 004 Successfully authorized SICYC 005 No records for modification SICYC 006 Maker and authorizer cannot be the same SICYC 007 Selected list of modifications must start from the first pending modification SIRP 001 Product type is mandatory if single product type is selected SIRP 002 Customer No is mandatory if single customer is selected SIRP 003 Date cannot be null SIRP 004 Date cannot be after system date SI CONT 001 Contract 1 Not Found in Oracle FLEXCUBE SI CONT 002 Authorised Instruction Cannot be Deleted SI CONT 003 External Source does not allow complete deletion of Contracts 7 10 ORACLE Error Code Message SI CONT 004 Contract can only be deleted by the Maker SI CONT 005 Contract Uploaded By External System Cannot Be Deleted SI CONT 006 Contract 1 cannot be deleted SI CONT 007 Inst
86. rean E cagsavseaecdedcscosvacucertves so desusogccetsedusssecercecesvessesoaceees 4 15 411 VIEWING SI CONTRACT annee aen sce Cagoeigenenceace cadvavae sods sedeasavaden EA EEN 4 16 412 SLAMENDMENT UPLOAD 5553 oc565 ses cacao 0855 ooo 5 ce E eee eave AE sus casa dnd n ee SRT A A RE EE ESEE 4 18 4121 SEBOtch Processing asiaani R sag ects sobs E R E E E E ER 4 19 412 2 Printing of DDIB C3 ee ebessi dE AEO ERIR ET RAR 4 20 WW ORACLE 5 STANDING INSTRUCTIONS DIARY ccccssssssssrsssssssrsssssssnsesssssnsessssensessssensessesensensessnsssesensessesensesseses 5 1 5 1 MAINTAINING A STANDING INSTRUCTIONS DIARY c ccccscesecssesscssesscsesescssecesesecseesecsesseensessssessuessesesenenes 5 1 5 1 1 Specifying getrei 5 2 5 1 2 Identifying Customer Savings Account Number ssesssesessesesseeeesseeeesrreresesresresresresereresesreeresreerese 5 2 5 1 3 Capturing Details of Iuenruectton este esseesseeseesseeeeceseeesccsecesecaecaaecaaecaaeeseeeseeneeeeeeeeeenaees 5 2 5 1 4 Specifying Your Preference for Instruction Tune 5 2 5 1 5 Maintaining Details of Event Based Instructions 0 ccccccccceesseeeceseeesecesecuse suse csecaeeeaeeessesaeesseeneenaees 5 7 5 1 6 Maintaining Details of a Special Instruction ccccsccesceeceesseesseeecesecesecusecusecsecsecaeeeseeeseeeaeenseensenaees 5 9 Dele Viewing Standing Instructions associated with a Customer or Customer Account e 5 10 5 1 8 Operations on SI Diary Record 5 10 5 2 MAINTAINING IN
87. reason This report can be generated for a date in the past also The report can be generated for any day in the past or today 8 3 ORACLE 8 3 1 You can invoke this screen by typing the code SIRPUNSC in the field at the top right corner of the Application tool bar and click on the adjoining arrow button Unsuccessful Standing Instructions Unsuccessful Standing Instructions Date Specify the following details Date Specify the date Click OK to generate the report Contents of Report Header The Header carries the title of the Report information on the branch code the date and time the branch date the user id the module name and the page number of the report Body of Report The report is sorted by the product code the product type and the SI type in the ascending order The following information is provided for each contract Process Time The time of day when the instruction is to be processed Product Code The product under which the instruction is processed Product Type The type of product under which the SI is processed It could be payment collection sweep or variable payment SI Type The type of standing instruction It could be one to one many to one one to many or many to many 8 4 ORACLE Instruction No This is the instruction number SI Exec Status The status of the instruction due or pending SI Value Date The dat
88. reen by typing SIDCYCLE in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button Standing Instruction Cycle Detail Instruction Number User Instruction Number Counterparty Latest Cycle Number Cycle Details Contract Reference Execution Status Unprocessed Execution Date Execution Date Product Type Standing Instruction Type Holiday Rule Processing Cycle Sequence Number Cycle Sequence Number Version Number Version Number Currency Value Date Value Date Success Date LP Success Date Action Code On Amount Retry Count Retry Count Charge On O Success O Partial Execution Retry Details E Serial Number Amount Executed Variable Standing Instruction Amount Variable Standing Instruction Amount Priority Priority Amount Pending Amount Pending O Collection Flag O Reject Currency Amount De 6 5 1 Values in SI Cycle Details Screen that can be Modified Once an instruction is past its Value Date for the current cycle any change to the terms can be made only through the SI Cycle Details table However for such an instruction you can change only the following values
89. roduct types in Oracle FLEXCUBE For each product type you may have many products which represent the method in which instructions have to be processed The product type identifies the most basic nature of a product The subsequent specifications for a product will be based on its type Creating a Product In this chapter we shall discuss the manner in which you can define attributes specific to a Standing Instruction SI product You can create an SI product in the Standing Instruction Product Definition screen invoked from the Application Browser You can invoke this screen by typing SIDPRMNT in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button In this screen you can enter basic information relating to a SI product such as the Product Code the Description etc Standing instruction Product Definition Product Code Product Type Payment Product Description Collection Instruction Code Sweep In Product Group Sweep Out Variable Payment Slogan Remarks Start Date End Date Maker Date Time Checker Date Time Record Status Authorization Status ES ORACLE 3 2 1 1 For any product you create in Oracle FLEXCUBE you can define generic attributes such as branch currency and customer restrictions interest details tax details etc by clicking on the appropriate icon in the horizontal array of icons in this screen For an SI product in addition to t
90. rovided for each instruction Customer No The customer number Customer Name The customer name Instruction No The number to identify an instruction SI Type This is the type of standing instruction It could be one to one many to one one to many or many to many Processing This indicates the time to process the instruction Product Code The code of the product under which the instruction is processed Product Type This is the type of product under which the Sl is processed It could be payment collection sweep or variable payment Auth Status The status of the instruction authorized or unauthorized Unauthorized instructions will not be processed Inst Status Indicates whether one or more cycles for an instruction is pending for execution Contract Ref No Each execution of the instruction will be allotted a reference number by Oracle FLEXCUBE This number will be shown here Max Retry Count For a payment type of product with an Action Code of Keep full amount pending or Liquidate partially you would define the maximum number of times the system should re execute the instruction This number is shown here Priority If a debit account is involved in more than one instruction during the day you would have allotted a priority for each instruction This priority is shown here Charge Borne By This indicates the party who will bear the charges for the instruction
91. ruction Cannot be Closed SI CONT 008 Contract 1 Cannot be Closed SI CONT 009 Instruction Cannot be Reopened SI CONT 010 Contract 1 Cannot be Reopened SI CONT 011 Both Authorizer and Maker cannot be the same SI CONT 012 Instruction 1 is already Authorized SI CONT 013 Contract 1 is already Authorized SI CONT 014 Contract 1 can only be modified by the Maker SI CONT 015 Multiple Amendments before Authorization not allowed for Contract 1 SI CONT 016 Only Active Contracts can be Amended SI CONT 017 Duplicate Oracle FLEXCUBE reference Number 1 SI CONT 018 Instruction Is Authorized Cannot Put On Hold SI CONT 019 Contract 1 Is Authorized Cannot Put On Hold SI CONT 020 Instruction Number Not Found in Oracle FLEXCUBE SI CONT 021 Duplicate Oracle FLEXCUBE Instruction Number 1 SI CONT 022 Instruction 1 is Not active SI CONT 023 Contract 1 is Not active SI CONT 024 Multiple Amendments before Authorization not allowed for instruction 1 SI CONT 025 Instruction is already Created Cannot be Put on Hold SI CONT 026 Instruction 1 is not Active Cannot Amend SI SAVE 01 Failed in saving the data for 1 SI SAVED Instruction saved successfully 7 11 ORACLE Error Code Message
92. ructions due for the day are processed During end of day any instruction that falls due for the day that was initiated during the day will also be executed Handling Holidays When an instruction is processed at regular intervals chances are that a due date falls due ona holiday In such a case the due date has to be adjusted to be processed on a working day This adjustment can be made in one of the following ways e Bring the due date backward in which case the instruction will be processed on the working day before the holiday e Push the due date forward in which case the instruction will be processed on the working day after the holiday e Let the cycle lapse in which case the instruction will not be processed for the cycle at all If the due date is brought backward or pushed backward the value date of the accounting entry for the instruction will be the working day on which it was processed Example Taking up the same example that was discussed earlier Ms Agnihotri s insurance is due on 02 May each year 02 May 2000 is a banking holiday e _ If the code is Forward then the due date is moved forward by a day and payment is made on the next working day 03 May 2000 e f the code is Backward then the due date is moved back by a day and the payment is processed on the previous working day 01 May 2000 e Ifthe code is Lapse the current cycle is not executed Sometimes an adjustment of the due date makes it fa
93. sed standing instructions and link each instruction with a specific customer account or a customer Chapter 6 Automatic Processing explains the processes that automatically run periodic activities Chapter 7 Error Codes and Messages for Standing Instructions gives a list of the error messages that you can encounter while working with the module Chapter 8 Reports gives a detailed account of report generation from this module and the contents of such reports 1 4 Glossary of Icons This User Manual may refer to all or some of the following icons uje E Delete row Option List 1 5 Related Documents IT Ze a You may need to refer to any or all of the User Manuals while working on the SI module Signature Verification Core Services Limits Procedures Products Settlements Tax Charges and Fee ORACLE 2 1 2 2 2 2 1 2 2 2 2 Standing Instructions an Overview Introduction A Standing Instruction SI is a service offered to customers of a bank wherein regular transactions that the customer wants to make are processed as a matter of course instead of initiating specific transactions each time Once initiated a standing instruction may go on for many months or even years with each cycle being processed automatically Key Features of SI Module As a measure to maximize processing efficiency the SI module offers the following features e Sl module processes the fol
94. struction if the debit account is involved in more than one instruction during the day e The Variable SI Amount in the case of a Variable Payment type of product e The Collection Flag for a collection type of instruction The collection advice will be generated for the instruction according to the instruction frequency till this flag is blank It will be stopped once this field is ticked For each retry that is done for a cycle the following details are shown e Retry number e The date on which each retry took place e The complete details of the retried cycle Generating Failure Advices Failure advices are generated when the SI retries reach Retry Count for Advice maintained at product level for all loan categories The first try to execute the instruction is also considered for the retry count Example The following example provides an overview of generation of Failure Advice If Execution Periodicity 8 Days Maximum Retries 5 Retries for Advice 2 SS ORACLE Then SI Cycle Retry Count SI Status Failure Advice Generation 1 1 R No 1 2 R Yes 1 3 R No 1 4 R No 1 5 No 2 1 R No 2 2 R Yes 2 3 R No 2 4 R No 2 5 No Failure advices are generated only during second retry ORACLE 6 5 Specifying SI Cycle Details You need to specify the standing instruction cycle details in the following screen You can invoke this sc
95. t each time Thus for a variable payment type of instruction you would specify the amount every time a cycle has to be executed 2 2 4 Reports Information on the Sls defined and processed in Oracle FLEXCUBE can be retrieved in many forms These reports can either be printed or displayed on the screen The following are the reports for the SI module Successful Sls for the day Unsuccessful Sls for the day Pending collections Standing instructions by customer Report by SI product type Standing Instructions Due for Execution 3 1 3 Defining Attributes Introduction A product represents a specific service offered by your bank For example a certain type of account sweep a specific type of periodic collection etc can be roughly termed a product Once a product has been defined with specific attributes individual instructions can be processed under it This enables quick and uniform processing of instructions in all the branches of your bank While attributes defined for a product are applied on an instruction processed under it by default some of them can be modified for a particular instruction Oracle FLEXCUBE thus offers you flexibility to deal with peculiar conditions that may sometimes be applicable SS ORACLE 3 2 Standing Instructions are broadly grouped as follows e Standing payment orders e Standing collection orders e Account sweeps Sweep in and Sweep out e Variable payments These are termed p
96. therwise translated in any language or computer language without the prior written permission of Oracle Financial Services Software Limited Due care has been taken to make this document and accompanying software package as accurate as possible However Oracle Financial Services Software Limited makes no representation or warranties with respect to the contents hereof and shall not be responsible for any loss or damage caused to the user by the direct or indirect use of this document and the accompanying Software System Furthermore Oracle Financial Services Software Limited reserves the right to alter modify or otherwise change in any manner the content hereof without obligation of Oracle Financial Services Software Limited to notify any person of such revision or changes All company and product names are trademarks of the respective companies with which they are associated
97. tions for customer Standing instructions by product type Standing Instructions Due Pending for Execution SI Executed for external Acc DD and Banker s Cheques Report Standing Orders Placed Today Report Successful Sls for a Day This report should be ideally generated after the EOD run of the SI batch processes has been completed so that complete information for the day is reported The report gives details of instructions that were successfully processed during the day Thus the original due date of an instruction can be different from the date as of which the report was generated Selection options The report can be generated for any day in the past or today You can invoke this screen by typing the code SIRPSUXSQ in the field at the top right corner of the Application tool bar and click on the adjoining arrow button Money Market Brokerage Report Options Successful Standing Instructions Date a ORACLE 8 2 1 Specify the following details Date Specify the date Click OK to generate the report Contents of Report Header The Header carries the title of the Report information on the branch code the date and time the branch date the user id the module name and the page number of the report Body of Report The report is sorted by the product code the product type and the SI type in the ascending order The following information is provided for each contract Process Time The ti
98. truction processing will show the details of the accounting entries generated for an instruction ET ORACLE Click Events button in the SI Input Detailed View screen to go to the SI Contract Events Accounting Entries and Overrides screen Event Details Reference Number Events E Event Number Event Date Event Code Description Accounting Entries For the event that is highlighted the details of accounting entries and the overrides that were given when the event was stored are shown For each accounting entry the following details are provided e Branch e Account e Transaction Code e Booking Date e Value Date e Dr Cr indicator e CCY Currency e Conversion rate e Amount in contract CCY e Amount in local currency e Whether the instruction is still active meaning that cycles are being executed for the instruction e Whether the last activity on the instruction is authorized You can use the arrow buttons to navigate through the various events KEN ORACLE 4 10 Viewing Duplication details The system checks for duplicates while booking instructions based on the number of days for duplicate check maintained at the Branch Parameters Maintenance screen and the duplication preferences set at the product preference level The system displays the duplicate contract reference number if there is a single match else it displays the following override message Duplicate Instruct
99. tus of unprocessed These will be processed only if you enter an amount for them in the SI Cycle Details screen Operations during End of Day At this stage of end of cycle processing the following transactions will be executed e Payment and variable type of instructions defined for this stage either for the product under which they are processed or the instruction itself e Sweep in transactions e Sweep out transactions in that order For those instructions that have been defined with an Action Code of full pending or partial liquidation the retries will be executed during end of day only if the instructions are defined for end of day execution The advices defined for the instruction will be put in the Outgoing Message Browser They could be one or more of the following e Successful execution e Collection advice e Payment advice and e Debit advice for charges You can generate them from the browser or carry out any other messaging related operations Variable payments for which no amount has been defined for the cycle will be given an Execution Status of unprocessed These will be processed only if you enter an amount for them in the SI Cycle Details screen SR ORACLE 7 Error Codes and Messages 7 1 Error Codes and Messages Error Code Message Sl 00001 Record already exists in the database SI 00002 Mandatory fields are null SI ADVO1
100. uch a case you can If the du the instr Bring the due date backward in which case the instruction will be processed on the working day before the holiday Push the due date forward in which case the instruction will be processed on the working day after the holiday or Let the cycle lapse in which case the instruction will not be processed for the cycle at all e date is brought backward or pushed forward the value date of the accounting entry for uction will be the working day on which it was processed Example Taking up the same example that was discussed earlier Ms Agnihotri s insurance is due on 01 June each year 01 June 2003 is a Sunday and hence a banking holiday If the code is Forward then the due date is moved forward by a day and payment is made on the next working day i e 02 June 2003 If the code is Backward then the due date is moved back by a day and the payment is processed on the previous working day i e 31 May 2003 If the code is Lapse the current cycle is not executed 3 3 1 2 Minimum Sweep Amount This applies for a sweep in and sweep out type of product You should define the minimum amount that is to be transferred in an account sweep If the amount in the Sweep From account is more than the defined SI amount but the sweep amount 3 3 1 3 Action is less than the minimum sweep amount then the sweep will not be executed Code Amount The SI is processed on its due date and t
101. uction is created and based on the data that is being amended replication re pickup for subsystem is carried out Subsequently the accounting and advice generation based on the amendment event maintenance in product definition will be processed acne ORACLE The post upload auth status will be accepted as a parameter to the amendment service The action to be taken on override and exception is similar to the processing done as in the case of Save of a new instruction 4 12 1 SI Batch Processing The system would initially post the accounting entries by debiting the customer account and crediting the payable GL for the SI transaction amount The system would prepare the instrument transaction data to be uploaded and the same would be uploaded to create the instrument transaction By debiting Payable GL DD BC transaction would be created as per the Instrument ARC maintenance Once DD BC issue transaction is created the transactions would be available as a part of Web Branch DD BC issued data stores After that system would do the message handoff to generate the DD PO After successful generation of instrument message system would internally update the instrument number for the contract In case of foreign currency instruments the system would generate MT110 along with the Draft PO MT110 would be created with the message type as DD_ISSUE The following setting needs to be done for SI Transaction In SI details screen any
102. unt 3 3 1 6 SI Type The number of accounts involved in an instruction may be more than one Typically you would debit one customer account and credit another to execute an instruction All the examples we have discussed so belong to this category Under some circumstances you may have to debit a single account and credit many accounts or vice versa In Oracle FLEXCUBE you have to specify this by defining the appropriate SI type for the product The options available are One to one One account has to be debited and one credited One to One account has to be debited and more than one credited many Many to More than one account has to be debited and one account one credited Many to More than one account has to be debited and more than one Many account credited 3 3 1 7 Execution Periodicity You should indicate the periodicity with which the standing instruction has to be executed You can indicate it in days months years or as a combination of all three ORACLE You can define execution periodicity for Sweep In Sweep Out type of instructions also 3 3 1 8 Transfer Type For contracts associated with the product you need to indicate whether the payment details need to be structured or whether the details can be in free format The format in which payment messages will be sent for all contracts involved in the product will depend on your specification in this field 3 3 1 9 Authorization Re key All
103. ution Date End Date Preference Date 28 Feb 28 Feb Don t Execute 28 February 2000 2000 2000 30 April 30 April Next Working 1 May 2000 2000 2000 Day 30 June 30 June Next Working 30 June 2000 2000 2000 Day 30 Sept 30 Sept Next Working 2 October 2000 2000 2000 Day 30 Nov 30 Nov Don t Execute 30 Nov 2000 2000 2000 5 6 ORACLE Scenario Il You have set the frequency as Yearly Monthly or as a combination and identified the 28 of February 2003 as the First Due Date You have also indicated that the instruction should be executed only at the end of the month Since all weekends are observed as holidays at your bank you have indicated that if the first due date is a holiday the instruction should be executed on the next working day after the holiday In keeping with your specification the system displays the Next Due Date as 28 of February 2003 The Next Execution Date too will be 28 of February 2003 since it is a Friday Maintaining Details of Event Based Instructions If you have indicated that the instruction is to be executed based on an event click on the Event Details tab and specify the event specific details Standing Instruction Diary Instruction Number Instruction Type Frequency Based Branch Code Event Based Instruction Special Instruction Unit Of Instruction Unit Type v Unit Number Frequency Detail Event Detail Special Instruction Co
104. utton in the SI Input Detailed screen The Charge Details screen will be displayed Charge Details Reference Number Event Sequence Number Charge Details GE al Component Amount Currency Rate Status Waiver Event o i The charges applicable for the events that have been processed till date will be displayed Tick the Waiver field if you want to waive the charges applicable Settlement Instructions The account s through which a customer wishes to settle the charges have to be indicated through the SI Settlements screen Click Settlements button in the SI Input Detailed screen to invoke the Settlements Details screen sa ORACLE 4 6 1 Settlement Details Reference Number Component Account Details Message Details Parties Parties Cover Parties Other Details Clearing Details Local Clearing Beneficiary Institution For Cover ert Eel e Besides the account details the other details that you can specify include the currency in which the component is expressed the payment account and its currency the branch of your bank to which the account belongs the exchange rate in the case of the component currency being different from the account currency If you have specified an account that uses an account class that is restricted for the product an override is sought when you attempt to save the contract Depending on the component the system will also displ

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