Monetary Control Version-1.0 9NT1399
Contents
1. 1 Visual Check v Customer Type Beneficiary Currency Q Search Advanced Search Reset Records per page 15 3 vi Lock 4 of 1 Authorization Status Record Status Record ID Direction Payer Resident Beneficiary Resident Payer Currency Pre After Execution You can query on these records based on any or all of the following criteria e Authorization Status e Record Status e Direction e Payer Resident e Beneficiary Resident e Payer Currency e Pre After Execution e Auto Check e Visual Check e Manual Check e Customer Type e Beneficiary Currency 3 5 ORACLE Click Search button The system identifies all records satisfying the specified criteria and displays the following details for each one of them e Authorization Status e Record Status e Direction e Payer Resident e Beneficiary Resident e Payer Currency e Pre After Execution e Auto Check e Visual Check e Manual Check e Customer Type e Beneficiary Currency 3 2 3 Maintaining Account Types You can maintain the account types for the monetary control using Account Type Maintenance screen Account type is identified by the account code resident status currency customer type controllable transit account and account masks You can invoke this screen by typing MCDACTYP in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button 3 6 ORACLE2. skreket anses 3 1 3 2 1 Maintaining Monitored Operations 3 1 3 2 2 Viewing Monitored Operations Types eese eene nennen rennen enne enne tne tene trennen 3 4 3 2 3 Maintaining Account Types EET 3 6 3 2 4 Viewing Account Types 5 pere ente paese totis eiecit Misty E 3 8 3 22 Maintaining VO Codes ese ei pestes lc disep aa He MERC ya rupe pto tis Co Estes bec EEE 3 10 3 2 6 Viewing VOCOQMES ent 3 11 3 2 7 Maintaining Account Type to VO Code Mapping esee 3 12 3 2 8 Viewing Account VO Codes Mapping esses een eene nennen nennen 3 13 3 2 9 Maintaining Service Code tet e 3 15 3 2 10 Maintaining Service Code To VO Code Mapping essent eene 3 15 3 2 1 Maintaining Form 402 Details ceteris ceste ton tht te ica inet bine tee conet Eae det ke 3 18 3 2 12 Viewing Form 402 details i ette tte etre ere tton tate iac E ee de coste ey 3 19 3 2 13 Maintaining Auto VO Calculation eese eene nennen eene nee nennen 3 21 4 SPECIFYING MONETARY CONTROL PARAMETERS sereeovevvesvvnnennennvenenneennsnnvnnennenneenennseneennennennenneen 4 1 22 INTRODUCTION m 4 1 4 1 1 Maintaining Contract Details aeri pete tetendit ripetere e eee 4 4 4 1 2 Determination of the need for Automatic MC check essent enne 4 10 4 1 3 Verification of MC
3. Account Types Webpage Dialog Account Type Code Resident Status Resident wi Currency Local Currency COR Extract Required Remarks e Transit Account Customer Type Individual Mask Type Of Entry rm v Change Log Maker Date Time Mod No Authorized Cancel Cancel Checker Date Time Open Specify the following details Account Type Code Specify the account type code Currency Specify the currency Remarks Specify the comments Customer Type Select the type of customer from the drop down list Following are the options available in the drop down list e Individual e Bank 3 7 ORACLE 3 2 4 e Corporate e Entrepreneur Resident Status Select the resident status from the drop down list Following are the options available in the drop down list e Resident e Non Resident COR Extract Required Check this option to if you want the account types to be considered for COR Transit Account Check this option for transit account Mask Specify an account number mask for the 20 digit account number for monetary control You need to maintain an account type with the mask NOT IDENTIFIED for each combination of currency resident status and customer type You may set NOT IDENTIFIED as the account mask if a party is not identified based on the 20 digit account number Type of Entry Select the type of entry from the drop down list
4. e Authorization Status e Record Status e Credit Accounting Type e Debit Accounting Type 3 14 ORACLE 3 2 9 Maintaining Service Code You need to maintain the directory of service codes in the Oracle FLEXCUBE You can maintain service codes through the Service Code Directory screen You can invoke this screen by typing MCDSRCOD in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button Service Code Directory Webpage Dialog Service Code Description Maker Date Time Mod No Authorized Checker Date Time Open In this screen you can specify the following details Service Code Specify a unique service code here Description Specify a short description for the code specified 3 2 10 Maintaining Service Code To VO Code Mapping You can maintain multiple mappings for VO codes and Service codes in the Service Code to VO Code Mapping screen You can invoke the screen by typing MCDVOSRM in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button 3 15 ORACLE Service Code to VO code Mapping Webpage Dialog Crediting Account Type Credit Account Type Description Debiting Account Type Debit Account Type Description PDC Incoming Currency Outgoing VO Code Description Service Code Oo Date Time Mod No Authorized Open Checker Date Time In this screen you ca
5. VO11050PS00502001 0001 0000 9 0 VO code and passport deal number should be extracted to separate fields Passport deal number can be provided However Passport deal number is not mandatory If the value in Payment Details field does not conform to this mask the automatic check fails The reason for failure gets displayed in the Accepting Rejecting Remarks field 4 1 3 3 Check of Correspondence of VO Code to VO Directory The system extracts the VO code and deal pass number from the Payment Details field and displays them in the respective fields in the Monetary Control Details screen Then the system compares the VO code against the VO codes maintained in the VO Codes Directory screen If the specified VO code does not exist in directory the automatic check fails and the reason for failure gets displayed in the Accepting Rejecting Remarks field At this stage the payment can t be executed without a manual correction of the VO code The system throws an error message prompting the same 4 1 3 4 Check of Accordance of VO Code to Directory of available VO Once the VO code is verified and found to be valid the system checks whether that VO code is allowed for the account type of the customer or not This maintenance is done in the Account Types to VO Codes Mapping screen 4 11 ORACLE If the VO code for an operation is not maintained against this list of available VO codes for the account typ
6. MC Status MC Status NO is R NO is YES YES l Display message Operation not Authorize contract Display message Display message Contract not Authorize contract hec irme Contract rejected confirmed by MC Officer Department by MC officer 4 1 1 Maintaining Contract Details During contract input you need to maintain the parameters for monetary control to be performed on contracts You can invoke the MC Contract Detailed screen by typing MCDCONTR in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button 4 4 ORACLE 3 Monetary Control Detail Webpage Dialog Contract Ref No Parties Payer Payer Name Payer Account Payer Resident Status Beneficiary Benificiary Name Beneficiary Account Beneficiary Resident Status MC Required Manual Check Required COR Export COR Export Transit A c Transit A c Debit Amount Credit Amount Debit Currency Credit Currency Contract No Date of Contract MC Attributes Transaction Amount Visual Check Perfomed Currency Country code of non Value Date resident bank Operation Code Include in 405 Report Payer Beneficiary Country Code Payment Details Special Notes Change Log Maker Date Time Status Checker Date Time Auth Status Here you can capture the following details Contract Ref No Here the system displays
7. Following are the options available in the drop down list e Dr e Cr e All Viewing Account Types You can view all the account types maintained in Oracle FLEXCUBE in the Account Types Summary screen You can invoke this screen by typing MCSACTYP in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button 3 8 ORACLE Account Types Summary Webpage Dialog Authorization Status Record Status Account Type Code z Currency Q Search Advanced Search Records per page 15 3 Lock 1 of 1 Authorization Status Record Status Account Type Code Currency Resident Status Customer Type Transit Account You can query on these records based on any or all of the following criteria e Authorization Status e Record Status e Account Type Code e Currency Click Search button The system identifies all records satisfying the specified criteria and displays the following details for each one of them e Authorization Status e Record Status e Code e Currency e Resident Status e Customer Type ORACLE e Transit Account 3 2 5 Maintaining VO Codes VO codes are transaction codes used in payment instructions You need to maintain a list of all VO codes and their descriptions in Oracle FLEXCUBE You can maintain VO codes through the VO Codes Maintenance screen You can invoke this screen by typing MCDVOCOD in the field at the top right corner of the
8. code of the non resident bank Payment Details Here you need to specify details of the payment outgoing and incoming as per the following mask Opening brace then without space VO symbol then without space five digits from VO code directory closing brace For foreign currency transactions you can also specify the deal pass number in this mask Opening brace then without space VO symbol then without space five digits from VO code directory then the PS symbol followed by passport deal number closing brace Example V002010 or VO11050PS00502001 0001 0000 9 0 Operation Code You can select the operation code corresponding to the transaction from the option list This list displays all the valid operation codes maintained in the Operation Code Maintenance screen Payer Beneficiary Country Code Select the country code of the beneficiary from the option list This list displays all the valid operation codes maintained in the Country Codes Maintenance screen Special Notes You can make notes about the contract or the parties in this field Click on the free format text editor button to invoke a free format text editor on which you can specify your comments The contents of this field can be viewed by all The status of the contract does not affect the view access to this screen field You can request for changes or even confirm the check for an unauthorized contract Amount Specify the amount of the transaction I
9. e Record Status e VO Code e Description ORACLE 3 2 7 Maintaining Account Type to VO Code Mapping The VO code in operations must be in accordance with the directory of available VO You can maintain the VO codes available for different account types in the Account Types to VO Codes Mapping screen You can invoke the Account Type to VO Code Mapping Maintenance screen by typing MCDVOAOM in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button Account Type to VO Code Mapping Maintanence Webpage Dialog Debiting Account Type Code Debiting Account Type Code 2 Description Crediting Account Type Code bon Crediting Account Type Code Description vo code Description Change Log Date Time Mod No Wi Authorized m Checker Date Time Open You can indicate the following details Debiting Account Type Code Select the account type code from the option list for debit operations The list displays all the account types maintained in Maintenance of account types screen 3 12 ORACLE 3 2 8 Crediting Account Type Code Select the account type code from the option list for credit operations The list displays all the account types maintained in Maintenance of account types screen Debiting Account Type Code Description Description of the debiting account type code you specified is displayed here Crediting Accou
10. Application tool bar and clicking the adjoining arrow button VO Code Maintenance Webpage Dialog VO Code VOCD1 Description Description of VO Code Form 402 Flag Change Log Date Time Mod No Authorized Open Checker Date Time In this screen you can specify the following details VO Code Specify unique VO code here Description Specify a short description for the code specified Every entry needs to be authorized for it to become a valid VO code Form 402 Check this box to display the VO codes and service Code mapping details in the Form 402 Summary screen 3 10 ORACLE 3 2 6 Viewing VO Codes You can view all the VO codes maintained in Oracle FLEXCUBE in the VO Codes Summary screen You can invoke the VO Codes Summary screen by typing MCSVOCOD in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button e VO Codes Summary Webpage Dialog Authorization Status Record Status VO Code Q Search Advanced Search Records per page 15 3 Lock 4 uw 1 Authorization Status Record Status Description You can query on these records based on any or all of the following criteria e Authorization Status e Record Status e VO Code Click Search button The system identifies all records satisfying the specified criteria and displays the following details for each one of them e Authorization Status
11. Checks pto e te tis DO eie e Pee oa 4 10 4 1 4 Automatic Check Failure usce eet roe be s p testes Wael saa EUH A 4 12 4 1 5 Determination of the need for a Manual Check eese eene tentent 4 12 4 1 6 Determination of the need for Export to 2 tentent nennen rennen 4 14 4 1 7 Viewing Contract Details i rri ib E spa E EERI EUR UR EE HE REC IE EE EAR UE disses 4 15 1 1 ORACLE 1 1 1 1 1 1 1 2 1 About this Manual Introduction This manual is designed to give you an understanding of the Monetary Control module of Oracle FLEXCUBE Audience This manual is intended for all the staff members in the bank who deal with transfer of funds and the personnel of the Monetary Control department Organization This manual is organized as follows Chapter 1 About this Manual gives information on the intended audience It also lists the various chapters covered in this User Manual Chapter 2 Monetary Control An Overview gives a brief overview of the nature of monetary control and its objectives Chapter 3 Generic Maintenances explains all the maintenances that need to be done for monetary control operations on funds transfer contracts Chapter 4 Specifying Monetary Control Parameters gives a detailed explanation of the monetary control parameters that need to be furnished for contracts It also explains the entire process of monetary control from contract input stage to report g
12. Monetary Control Version 1 0 9NT1399 ORACLE FCUBSV UM 11 0 RU 1 0 0 0 December 2010 Oracle Part Number E51712 01 ORACLE FINANCIAL SERVICES ORACLE Document Control Author Documentation Team Group UBPG Created on September 15 2005 Revision No Final Updated by Documentation Reviewed by Approved by Software Quality Team Development Testing teams Assurance Team Updated on December 23 2010 Reviewed on December 23 Approved on December 23 2010 2010 ORACLE Monetary Control Table of Contents 1 ABOUT THIS MANUAL p 1 1 LE gt INTRODUCTION mn RE 1 1 LAL et 1 1 1 1 2 Organiz ti E 1 1 1 1 3 Conventions Used in this Manual eese eene nnne een een eene terne trennen 1 1 1 1 4 Related ett tti Hag toy E ite epe bibere te dpi 1 1 2 MONETARY CONTROL AN OVERVIEW x seseesvevsevvvnnennennvenennnennennvnnennennvenennseneennennennennsenennseneennennenesnneen 2 1 2 INTRODUCTION EEE EAE EHE EH piperis fie 2 1 3 GENERIC neta sins thats tuse ta suse ta senses os se 3 1 3 1 JINIRODUCTION eieseineeeeeeieee arena biene kara 3 1 3 2 GENERIC MAINTENANGES
13. authorized Monetary Control personnel Hold You can check this box to indicate that the MC check has been on hold and so the contract should not be processed This field is available only to authorized Monetary Control personnel 4 9 ORACLE Received after cut off You can check this box to indicate that the MC check has been received after the cut off time This field is available only to authorized Monetary Control personnel Manual Check Accepting Rejecting Remarks Status of MC check can be one of the following e Confirm e Reject e Changes required e Hold e Received after cut off system only allows modification and authorization in this screen Determination of the need for Automatic MC check The system determines whether an automatic monetary control check is required or not on the basis of the transaction type indicated by the product code and party details the payer and the beneficiary The system compares the party currency combination with the maintenance in the Monetary Controlled Operations screen If the contract combination warrants a monetary control check then the system does an automatic check on the contract So when you save the contract the option MC Required in the Monetary Control Details screen gets checked automatically Automatic checks will be done in the following life cycles of a contract e While booking a contract MC details can be provided by clicking the MC Details b
14. count number The adjoining option list displays all account numbers maintained in the system Choose the appropriate one Dr Transit Check this box to indicate that the account is a transit account type 3 22 ORACLE Cr Ccy Specify the credit currency from the drop down list The drop down list displays the following options e Local Currency e Foreign Currency e All Cr Account Type Specify the credit account type from the drop down list The drop down list displays the following options e GL e All Cr Cust Type Specify the credit customer type from the drop down list The drop down list displays the following options e Bank e Corporate e Individual e Individual Entrepreneur e All Cr Resident Specify the status of the creditor from the drop down list The drop down list displays the following options e Non Resident e Resident All Cr Account Specify the credit account number The adjoining option list displays all account numbers maintained in the system Choose the appropriate one Cr Transit Check this box to indicate that the account is a transit account type 3 23 ORACLE Diff Currency Check this box to indicate the currency is different Same Customer Check this box to indicate the customer is the same Entry Type Specify the entry type from the drop down list The drop down list displays the following entry types e Normal e Storno e Both Disbursement Type Specify
15. data e Monitored Operations Types e codes e Account Types e Mappings between Account Types and VO Codes 3 2 1 Maintaining Monitored Operations Types Oracle FLEXCUBE can process transactions with the following party combinations Payer Beneficiary Resident Resident Non resident Non resident Resident Non resident Non resident Resident Here Resident means a citizen of Russia while Non resident means a non citizen Monetary control is essential only for those operations that have a sign against them Payer Beneficiary Local Currency RUB Foreign currency Resident Resident Non resident Non resident Resident Non resident Non resident Resident 3 1 ORACLE You can maintain the party currency transaction type combinations for which monetary control needs to be performed in the Monetary Operations Type screen You can invoke the Monitored Operations Types screen by typing MCDPARAM in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button Monitored Operation Types Web Page Dialog Direction hcominc Beneficiary Resident Payer Resident ent Beneficiary Currency Payer Currency Pre After Execution Pre Auto Check Customer Type dividua Manual Check Visual Check Date Time Mod No authorized LS xi Date Time Open pen I
16. e the check fails Automatic Check Failure If the automatic check fails refer to the previous sections you need to amend the data input for the contract The system then performs the same automatic monetary control check for the contract 4 1 4 1 Contract Upload For uploaded contracts incoming payments the monetary control check takes place after authorization For outgoing payments the check is executed after the upload yet before their authorization Determination of the need for a Manual Check Once the system performs the automatic check and it succeeds the system ascertains whether a manual check needs to be performed for the contract A manual check can be performed only by the authorized personnel of the Monetary Control department It needs to be performed if the contract comes under any of the following categories e Outgoing payments and intra bank payments in RUB from residents to non residents e Outgoing payments and intra bank payments in foreign currency from residents to residents and non residents e ntra bank foreign currency payments from non residents to residents e Outgoing payments and intra bank foreign currency payments from residents to non residents and residents e Incoming foreign currency payments for walk in customers from residents and non residents to residents In such cases the option Manual Check Required in the Monetary Control Details screen gets checked automatically All th
17. e you can manually enter the service code in the Form 402 Summary screen e Incoming While posting accounting entries for the contract the system checks for the service code and VO code mapping details gt If the details match the system will assign service code and payment direction code for the transaction and will display the details in the Form 402 Summary screen gt If the system does not find the VO code you can select the contract reference number in the Form 402 Summary screen For all outgoing or intra bank transactions which require MC check you need to have proper VO code before authorization of the payment VO Codes Select a VO code from the option list This adjoining option list displays all valid VO codes maintained in the system You can choose the appropriate one Description The description of the specified VO code gets displayed in the adjoining text box You can also specify multiple VO codes for the crediting and debiting account types Service Code Select a service code from the option list This adjoining option list displays all service codes maintained in the system You can choose the appropriate one ORACLE 3 2 11 Maintaining Form 402 Details You can maintain the Form 402 details and create a new service code detail through the Form 402 Amendment screen You can invoke this screen by typing MCDFFZTR in the field at the top right corner of the Application tool bar and click
18. e contracts that require manual check are shown in the Monetary Control Summary screen This screen can be accessed by authorized personnel of the Monetary Control department only ORACLE m E Monetary Control Summary Webpage Dialog Auth Status MC Contract Status Branch Code Contract Ref No Value Date 2 Currency Payer Resident Status Payer Payer Account 3 Beneficiary Resident Status Beneficiary j Beneficiary Account Q Search Advanced Search Records per page 15 vi Lock 1 o 1 Direction Auth Status MC Contract Status Module Branch Code Contract Ref No Txn Dt Value Date Transaction Amount Currency You can sort the contracts using the following options e Authorization Status e MC Contract Status e Branch Code e Contract Reference Number e Value Date e Currency e Payer Resident Status e Payer e Payer Account e Beneficiary Resident Status e Beneficiary e Beneficiary Account 4 13 ORACLE 4 1 5 1 Once you have selected the sort criteria you can click on the Search button to view contracts that satisfy the specified criteria Manual monetary control check on contracts depends on whether the customer is the payer or the beneficiary For the payer the check is done before contract execution In case of beneficiary the check is done after contract execution You can select a contract and view the monetary control attributes of the contract in this screen You can als
19. ed in the system You can choose the appropriate one Country Code Non Resident Bank Specify the country code of the non resident bank Amount Enter the amount The sum all amounts referred to service codes must be less or equal to the payment amount 3 2 12 Viewing Form 402 details You can view the list of all contract reported for Form 402 in the Form 402 Summary screen You can invoke the this screen by typing MCSFFZTR in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button ORACLE You can query on these records based on any or all of the following criteria e Branch Code e Payment Direction Code e Currency e Department Code Click Search button The system identifies all records satisfying the specified criteria and displays the following details for each one of them e Branch Code e Value Date e Currency e Payment Direction Code e Department Code e Customer e Counter Party e Bank Name If you have not specified any criteria for the query before clicking Search the system will display all the records If you want to view a record in detail or modify it double click on it 3 20 ORACLE 3 2 13 Maintaining Auto VO Calculation You can maintain VO codes for a combination of transactions using the Auto VO Calculation screen You can invoke this screen by typing MCDAUTVO in the field at the top right corner of the Application
20. eneration Conventions Used in this Manual Important information is preceded with the symbol Related Documents For a detailed description of all the procedures in the manual please refer to the Oracle FLEXCUBE manual on Common Procedures 1 1 ORACLE 2 1 2 Monetary Control An Overview Introduction Monetary control deals with transactions Every transaction is a movement of funds between two parties payer and beneficiary So the system has to ensure that a customer has the rights to pay or receive money if he or she is a customer of your bank Oracle FLEXCUBE can perform this check for all customers If both parties payer and beneficiary are customers of your bank then monetary control check can be performed twice for the payer and for the beneficiary Monetary control can also be performed for walk in customers who approach the bank to transfer or receive funds without opening a bank account Essentially monetary control is done for reporting purposes It helps track the nature of currency flow internally and externally 2 1 ORACLE 3 1 3 2 Introduction 3 Generic Maintenances This manual explains the maintenance functions required for monetary control checks and the service that can be implemented in Oracle FLEXCUBE in order to facilitate monetary control for individuals Generic Maintenances To set up monetary control in Oracle FLEXCUBE you have to maintain the following
21. f you have sub transactions under the contract you can indicate the transaction amount for the different sub transactions here Note that the sum of all the sub transaction amounts should not exceed the transaction amount 4 8 ORACLE VO Code You can also modify the VO code in case the automatic check fails because of a wrong VO code You can select the appropriate VO code from the option list This list displays all the VO codes maintained in the VO Codes Maintenance screen Multiple VO codes can be maintained Deal Pass Number For foreign currency operations you may need to provide the appropriate deal pass number in the Payment Details field The system extracts the deal pass number from there and displays it in this field Total The system displays the total transaction amount here Confirm You can check this box to indicate that the MC check is successful and the contract can be processed This field is available only to authorized Monetary Control personnel Reject You can check this box to indicate that the MC check has failed and so the contract should not be processed This field is available only to authorized Monetary Control personnel Changes required You can check this box to indicate that the MC check has not been completed owing to incomplete wrong information or faulty documentation The contract will be directed to the maker for making necessary corrections This field is available only to
22. ficiary currency details of the payer from the drop down list Following are the options available in the drop down list e LCY e Auto Check Check this box if you wish to have an automatic monetary control check performed for the party currency transaction type combination maintained 3 3 ORACLE Manual Check Check this box if you wish to have a manual monetary control check performed for the party currency transaction type combination maintained Visual Check Check this box if you wish to have a visual monetary control check performed for the party currency transaction type combination maintained The system does not allow Visual Check alone for MC Check You can perform the following MC checks Automatic check Manual check Automatic check and manual check Automatic check and visual check Manual check and visual check Automatic check manual check and visual check 3 2 2 Viewing Monitored Operations Types You can view the monitored operation types using Monitored Operation Types Summary screen You can invoke the Monitored Operations Types Summary screen by typing MCSPARAM in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button 8 4 ORACLE Monitored Operations Types Summary Webpage Dialog Authorization Status Record Status Direction Payer Resident Beneficiary Resident Payer Currency Pre After Execution Auto Check
23. ing the adjoining arrow button Form 402 Amendment Webpage Dialog TRN Ref No CATFTINO73340003 Branch Code CHO Module FT Acc Entry Sr No 100061704 Currency GBP Value Date 2007 11 30 Debit Credit C Transaction Date 2007 11 30 Local Currency Amount Account 168050036 Department Code 001 Country Code Non Resident BIC SWIFT ABNACHZ8XXX Country Code Non Resident VO Code 2342 Bank Service Code 4234 Come Customer 111111 Payment Direction Code Counter Party Customer Name SHANE BOND Payment Details details Service Code Amount SRCDO1 Maker DOC1 Date Time 11 30 2007 17 15 22 Mod No Authorized 77 XI Checker Date Time Iv In this screen you can specify the following details TRN Ref No Select the transaction reference number from the option list This adjoining option list displays all valid accounts maintained in the system You can choose the appropriate one Based on the transaction number selected the system will display the following details e Module e Currency 3 18 ORACLE Debit Credit Local Currency Amount Department Code BIC SWIFT VO Code Customer Payment Details Branch Code Account Entry Sr No Value Date Transaction Date Account Country Code Non Resident OKPO Code Payment Direction Code Counter Party Code Customer Name Service Code Select the service code from the option list This adjoining option list displays all service codes maintain
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25. n specify the following details Crediting Account Type Select the valid credit account type from the option list This adjoining option list displays all valid accounts maintained in the system You can choose the appropriate one Crediting Account Type Description The system displays the description for the credit account type Debiting Account Type Select the debit account type from the option list This adjoining option list displays all valid accounts maintained in the system You can choose the appropriate one Debiting Account Type Description The system displays the description for the debit account type 3 16 ORACLE Specify the payment direction code PDC PDC will be derived for all transactions even if VO code and Service Code are not presented in the transaction Currency Select a currency from the option list This adjoining option list displays all currencies maintained in the system You can choose the appropriate one Payment Direction Indicate the type of payment direction that you are maintaining You can select one of the following options e Outgoing While posting accounting entries for the contract the system checks for the service code and VO code mapping details gt If the details match the system will assign service code and payment direction code for the transaction and will display the details in the Form 402 Summary screen gt Ifthe system does not find the service cod
26. n this screen you can maintain different party currency transaction type combinations for which monetary control needs to be performed Monetary control is done for the following transactions e Resident to resident in foreign currency e Non resident to non resident in local currency e Resident to non resident in local and foreign currency e Non resident to resident in local currency Direction Select the direction of transaction from the drop down list Following are the options available in the drop down list e Incoming e Outgoing e ntrabank Payer Resident Select the resident details of the payer from the drop down list Following are the options available in the drop down list e Resident e Non resident 3 2 ORACLE Select the payer currency from the drop down list Following are the options available in the drop down list e LCY e FCY Pre After Execution Select the execution details from the drop down list Following are the options available in the drop down list e After e Pre Customer Type Select the customer type from the drop down list Following are the options available in the drop down list e Bank e Individual e Corporate e Entrepreneur Beneficiary Resident Select the beneficiary details of the payer from the drop down list Following are the options available in the drop down list e Resident e Non resident Beneficiary Currency Select the bene
27. nt Status Payer Account Beneficiary Records per page 15 3 vi Lock Direction Auth Status MC Contract Status MC Contract Status Contract Ref No Currency Payer Beneficiary Resident Status Beneficiary Account Q Search Advanced Search Tob Module Branch Code Contract Ref No TxnDt Value Date Currency You can query on records based on any or all of the following criteria e Auth Status e MC Contract Status e Branch Code e Contract Ref No e Value Date e Currency e Payer Resident Status e Payer e Payer Account e Beneficiary Resident Status 4 15 ORACLE e Beneficiary e Beneficiary Account Click Search button The system identifies all records satisfying the specified criteria and displays each transaction details 4 16 ORACLE ORACLE Monetary Control December 2010 Version 1 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 O 2010 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 otherwise translated in any language or computer language without the prior written permission of Oracle Financia
28. nt Type Code Description Description of the crediting account type code you specified is displayed here VO Codes Select a VO code from the option list The option list displays all the VO codes maintained in the VO Codes Maintenance screen Description The description of the specified VO code gets displayed in the adjoining text box You can specify multiple VO codes for the crediting and debiting account types Viewing Account VO Codes Mapping You can view the summary details of all the account VO Codes mappings maintained in the system through the VO Codes Mapping Summary screen You can invoke the Account Type to VO Code Mapping Maintenance screen by typing MCSVOACM in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button 3 13 ORACLE e Account Type to VO Code Mapping Summary Webpage Dialog Authorization Status Record Status Credit Accounting Type Debit Accounting Type Q Search Advanced Search I n Records per page 15 v 3 wv Lock 1 of 1 Authorization Status Record Status Credit Accounting Type Debit Accounting Type Serial No You can query on these records based on any or all of the following criteria e Authorization Status e Record Status e Credit Accounting Type e Debit Accounting Type Click Search button The system identifies all records satisfying the specified criteria and displays the following details for each one of them
29. o unlock a contract and modify or provide the relevant details You can confirm or reject the transaction Visual Monetary Control Check For certain contracts a manual monetary control check may not be required A visual MC check needs to be done for such contracts on the basis of the data captured in the Monetary Control Details screen The check is aimed at ensuring that all the required information is captured in this Screen Determination of the need for Export to COR Currency operations in Oracle FLEXCUBE of a customer having an account in the bank need to be exported to the COR database if any of the following holds good for the transaction e account is controllable e customer account is not controllable but the contra account of operations which is not in the bank is controllable e Both the customer account and its contra are not controllable but the contract monetary control details contain the VO code or the deal pass number e The contract operation is one with an automatically identified VO code ORACLE 4 1 7 Viewing Contract Details You can view the details of MC Contract using Monetary Control Summary screen You can invoke the Monetary Control Summary screen by typing MCSCONTR in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button 3 Monetary Control Summary Webpage Dialog Auth Status Branch Code Value Date Payer Reside
30. ted Beneficiary Resident Status Select the resident details of the payer from the drop down list Following are the options available in the drop down list e Resident 4 6 ORACLE e Non resident COR Export The system displays whether the contract details of the payer and the beneficiary have to be handed off to the COR system or not If the corresponding box is checked it means that handoff is required Refer the section titled Determination of the necessity of COR export Transit A c If you check this box then the transit account is considered Amount The beneficiary amount is displayed CCY The beneficiary currency is displayed Contract No Specify the contract number Date of Contract Specify the date of contract MC Attributes Transaction Amount The total transaction amount is displayed Currency The transaction currency is displayed Value Date Specify the value date of the contract Include in 405 Report The field is used for indicating Yes or No for Form 405 and will be used by the customer to generate the FORM 405 report 4 7 ORACLE Visual Check Performed This field indicates whether a visual monetary check has been performed on the contract or not You can perform the necessary visual checks and then check this box to denote that the visual check is complete This option is disabled for incoming payments Country Code of Non resident Bank Specify the country
31. the disbursement type from the drop down list The drop down list displays the following disbursement types e Salary e Advance e Administrative Expense e Business Trip Expense e Current Expense e Insurance CustAcc Ccy Specify the customer account currency from the drop down list The drop down list displays the following options e Local Currency e Foreign Currency Reference Number The system displays the reference number 3 24 ORACLE 4 1 4 Specifying Monetary Control Parameters Introduction Monetary control is an operation that needs to be performed on every transaction that involves transfer of funds For every such contract the system follows a three step process for monetary control check e Automatic check e Manual check e Visual check The process workflow is as follows ORACLE Based on account number transaction currency Determine parties resident status Determine parties account types Determine required MC actions Based transaction type and parties details YE 5 No Set F MC REQ Y Pertorm automatic check Automatic check Successful Only visual check ts required Set F MC MANUAL REQ N Is COR export Set MC COR Y required ORACLE Screen avaiable only EF MC REOSY 4 3 Authorization initiated MC Required is set as Yes YES NO NO X
32. the reference number of the contract Type The type of transaction whether incoming or outgoing gets displayed here MC Required The system indicates whether monetary control needs to be performed or not If the box is checked it means that monetary control needs to be performed on the contract This is a display field and you cannot make changes to it Refer the section titled Determination of the need for Automatic MC check Manual Check Required The system indicates whether a manual monetary control check needs to be performed or not If the box is checked it means that manual check has to be performed on the contract This is a display field and you cannot make changes to it 4 5 ORACLE Refer the section titled Determination of the need for a manual check Parties Payer The system displays the payer details Payer Name The system displays the name of the payer Payer Account The system displays the payer s account that needs to be debited Payer Resident Status Select the resident details of the payer from the drop down list Following are the options available in the drop down list e Resident e Non resident Amount The payer amount is displayed CCY The payer currency is displayed Beneficiary The system displays the beneficiary details Beneficiary Name The system displays the name of the beneficiary Beneficiary Account The system displays the beneficiary s account that needs to be credi
33. tool bar and clicking the adjoining arrow button T Auto VO Calculation Web Page Dialog Reference Number 101 1 12 118 7 module Product Code Component VO Code Dr Or Accoutr Type Dr Cust Type Dr Resident via Local Currency Specify the following details Reference Number The system displays the reference number Module Specify the module name for which you want to define a VO code Product Code Specify the product code for which you want to define a VO code Component Specify the component code for which you want to define a VO code VO Code Specify the VO code The adjoining option list displays a list of VO codes maintained in the system Choose the appropriate one 3 21 ORACLE Specify the debit currency from the drop down list The drop down list displays the following options e Local Currency e Foreign Currency e All Dr Account Type Specify the debit account type from the drop down list The drop down list displays the following options e GL e All Dr Cust Type Specify the debit customer type from the drop down list The drop down list displays the following options e Bank e Corporate e Individual e Individual Entrepreneur e All Dr Resident Specify the status of the debtor from the drop down list The drop down list displays the following options e Non Resident e Resident e All Dr Account Specify the debit ac
34. utton in Transaction Input screen e Amendment of MC attributes for transactions which require additional monetary control details e Confirmation or rejection of MC controller e During upload of payment transactions Verification of MC Check The system then checks for availability of critical information for monetary control check If all the mandatory details have been specified in the Monetary Control Details screen the system performs an automatic check ORACLE 4 1 3 1 Check of Valid Account Type The system ascertains the account type of the party with the currency of the operation and account number of payer beneficiary These attributes are maintained in the Maintenance Account Types screen In case an account satisfies to several entries of this directory the entry with most precise mask is chosen 4 1 3 2 Check of Availability and Accuracy of VO Code The system checks whether a VO code is specified or not in the Monetary Control Details screen For a payment in the local currency RUB the system checks whether the VO code and the deal passport number appear in the following manner in the Payment Details field of the Monetary Control Details screen V011050P500502001 0001 Format of VO code without passport deal number should be VO99999 where 99999 should be a valid VO code maintained in directory of VO codes VO78781 Format of VO code with passport deal number should be V099999P599999999 9999 9999 9 9
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