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## 8 Event Codes

The list of event codes and their descritpion are provided in this appendix.

Table 8-1 List of Event Codes

Event Code | Description
--- | ---
BOOK | Booking - This event registers loan account information, borrowing party information and loan product and account preferences on onboarding loan account
INIT | Initiation - This event marks the loan account as Active. Disbursement can be triggered only on Active loan accounts.
DSBR | Disbursement - This events disburses loan amount to the borrower, draws up repayment schedule and also logs trigger for next of set of internal events like accrual, charging and also logs trigger for the next set of events based on user instructions like automated payments, statement generation.
REVC | Account Reversal
ACBU | Accruing Component Balance Update -This is called charging event and it raises arrears to be paid by the borrower on due date and thus updates arrear balances of business components
ACCR | Interest Accruals - This event computes charge amount to be accrued from last accrual date to current date and books the same as receivable and income (as per the asset status) in books of accounts
FACR | Fee Accruals - This event computes fee amount to be accrued from last accrual date to current date and books the same as receivable and income (as per the asset status) in books of accounts
PMNT | Payments - This event allocates funds to the arrears raised on installment due dates, as per the appropriation sequence defined for the asset status in Product Definition. Payment can be Installment Payment, Partial Pre Payment, Full and Final payment.
DBSU | Due Date Update - This events updates principal outstanding balance as per the non-payment and does recomputation of interest component whose balance base is outstanding principal. This also logs Late Payment Fee Assessment (LPFA) , AHIU, STCH event to be triggered after payment grace days.
VAMB | Amendment Booking - This event registers the amendment event information and effective date when the event to be initiated
VAMI | Amendment Initiation - This event updates of loan account balances or term or installment amount or installment due dates or interest rates as per the type of amendment request registered
AAMD | Non-financial Amendments - This event updates the details registered for modification
ADCH | Adhoc Fees Assessment - This event raises arrear for the adhoc fee amount charged to the loan account and does accounting accordingly
PSFA | Periodic Scheduled Fees Assessment - This event raises arrears for the periodic fee amount charged to the loan account and does accounting accordingly
LPFA | Late Payment Fee Assessment - This event raises arrears for the late payment fee amount charged to the loan account and does accounting accordingly
WAVR | Waivers - This event books the waived fees as expense and zeroises the receivable and updates fee component balances accordingly
DREV | Disbursement Reversal - This event reverses all the accounting entries passed as of disbursement event with a negative sign and brings account balances to the state before disbursement.
PREV | Payment Reversal - This event reverses all the accounting entries passed as of payment event with a negative sign and brings account balances to the state before payment.
STCH | Status Change - This event determines the quality of asset account as per the Asset Classification preferences and classification criteria attached to the account. Currently, classification is supported based on arrear payment criteria. As per this criteria loan account status is classified based on the number of days lapsed between the current date and when the installment payment has become due for payment
AHIU | Account Health Information Update - This event updates Account Health Information like Account Status, Accrual Status, Due Past Days, First Default date, No of defaults and also delinquency status, deliquency start and end date for the accounts for which payment is not done.
BGEN | Bill Generation - This event generates billing notice with details of bill dues and pay by date, to be sent to customer
PQTE | Payoff Quote Generation - This event generates payoff quote advice with details of total amount and its segregation across components to be paid as of pay off date
POFF | Paidoff - This event updates all the dues as paid and also zeroises the outstanding balance of account and marks loan account status as paid. No further events are triggered on account in this status.
CLSD | Closed - This event updates the account status as Closed and marks the end of loan life cycle
REVR | Reversal Event - This event reverses all the transactions taken place between the current date and back value date. It reverses the accounting entries and updates the account balances and brings it to the state as of back value date. Note: Once system posts payment transaction as of back value date, it replays the transactions posted between the back value date and current date
REST | Restructure of Account - This event does restructure of loan and repayment schedule is changed as per the benefit plan provided to the account.
AMDC | Amendment Counters Reset - This event resets the following yearly counters for the account. Count of Rate change in a year Count of Date change in year Count of Term increase in a year Count of Term decrease in a year Count of Term extension in year
PROV | Provisioning
WOFF | Writeoff