This chapter explains the various types of advices and notices generated at each stage, for the type of contract that the Deposits module handles.
This chapter contains the following section:
This section contains the following topics:
Once the event is authorized, you can generate various types of advices and notices at any time of the day. You can also specify the media through which these advices can be sent. For all the advices and notices discussed here the samples are given below.
To generate the advice, click on Outgoing Message Browser, under Messages in the Application Browser.
The format and contents of the advices can be configured for your requirements. However, the default advice formats are available when Oracle FLEXCUBE is shipped to you.
Advices are generated to intimate the customer of the following:
Initiation of the deposit
You can generate an advice on the initiation of a deposit to inform the customer about the details of the initiated deposit. Along with details of contract initiation you can also generate details about interest payment in the advice.
Changes to the terms of the deposit during its tenor
You can generate this advice to notify the customer about amendments made to the terms of the deposit.
Rollover of the deposit
You can generate this advice to notify the customer about the roll-over of the deposit.
Unclaimed Deposit Notice
When a deposit is not liquidated even after the maturity date, it acquires an unclaimed status. You can generate an advice to inform the customer that the deposit is unclaimed.
Sample advice generated for deposit Initiation
INITIATION ADVICE FOR A DEPOSIT
Demand Deposits Bearing
Transaction Date : 29 December1997
Our Reference No. : 000DDDB973630007
User Reference No. : ldbl.03 dddb.2
US1005
250 - 20th Street
Washington
D C 20036
WE CONFIRM HAVING TAKEN FROM YOU
Principal Amount
-----------------------------------------------------------
Principal Amount USD 1,500,000.00
Value Date 29 December 1997
Maturity Date 31 January 1998
Tenor 33 DAYS
INTEREST/FEE DETAILS
Description Amount CCY Rate Interest Basis
---------------------------------------------------------------
INTEREST - USD 10 30[Euro]/360
---------------------------------------------------------------
Transaction on Initiation
---------------------------------------------------------------
Component Value Date Account Amount CCY
---------------------------------------------------------------
Component Description Account Branch
---------------------------------------------------------------
LDTAX3_AMT 29 December 1997 CORCUL-US1005-011 100.00 USD
Tax amount Tag LDTAX3_AMT 000
PRINCIPAL 29 December 1997 CORCUL-US1005-011 1,500,000.00 USD
Principal Amount 000
---------------------------------------------------------------
OUR PAYMENT SCHEDULE WILL BE AS GIVEN BELOW
Component Amount CCY
---------------------------------------------------------------
Schedule Date : 29 January 1998
PRINCIPAL 750,000.00 USD
Schedule Date : 31January 1998
INTEREST 12,708.25 USD
PRINCIPAL 750,000.00 USD
---------------------------------------------------------------
SETTLEMENT DETAILS
---------------------------------------------------------------
Component Dr/Cr Br Account CCY
---------------------------------------------------------------
INTEREST P 000 CORCUL-US1005-01USD
11
INTEREST P 000 CORCUL-US1005-01USD
11
LDTAX3_AMT R 000 CORCUL-US1005-01USD
11
LDTAX5_AMT R 000 CORCUL-US1005-01USD
11
PRINCIPAL R 000 CORCUL-US1005-01USD
11
PRINCIPAL_INCR R 000 CORCUL-US1005-01USD
11
PRINCIPAL_LIQD P 000 CORCUL-US1005-01USD
11
---------------------------------------------------------------
ROLL-OVER ADVICE FOR A DEPOSIT
Demand Deposits Bearing
Transaction Date : 31 January 1998
Our Reference No. : 000DDDB983630003
User Reference No. : dddb'ldbl.03
US1005
250 - 20th Street
Washington
D C 20036
THE CONTRACT HAS BEEN ROLLED-OVER WITH FOLLOWING DETAILS:
Principal Amount
---------------------------------------------------------------
Old Principal Amount USD 1,500,000.00
Principal Amount USD 765,250.00
Value Date 31 January 1998
Maturity Date 04 March 1998
Tenor 33 DAYS
INTEREST/FEE DETAILS
Description Amount CCY Rate Interest Basis
---------------------------------------------------------------
INTEREST - USD 12 30[Euro]/360
ROLLFEES 20,000.00 USD - -
-----------------------------------------------------------
Transaction on Initiation
---------------------------------------------------------------
Component Value Date Account Amount CCY
---------------------------------------------------------------
Component Description Account Branch
---------------------------------------------------------------
PRINCIPAL_LIQD 31 January 1998 CORCUL-US1005-011 750,000.00 USD
Principal Amount Liquidated 000
ROLLFEES 31 January 1998 CORCUL-US1005-011 20,000.00 USD
Rollover Fees 000
---------------------------------------------------------------
OUR PAYMENT SCHEDULE WILL BE AS GIVEN BELOW
Component Amount CCY
---------------------------------------------------------------
Schedule Date : 02 March 1998
PRINCIPAL 382,625.00 USD
Schedule Date : 04 March 1998
INTEREST 8,417.50 USD
PRINCIPAL 382,625.00 USD
---------------------------------------------------------------
SETTLEMENT DETAILS
---------------------------------------------------------------
Component Dr/Cr Br Account CCY
---------------------------------------------------------------
INTEREST P 000 CORCUL-US1005-011 USD
INTEREST P 000 CORCUL-US1005-011 USD
LDTAX3_AMT R 000 CORCUL-US1005-011 USD
LDTAX5_AMT R 000 CORCUL-US1005-011 USD
PRINCIPAL R 000 CORCUL-US1005-011 USD
PRINCIPAL_INCR R 000 CORCUL-US1005-011 USD
PRINCIPAL_LIQD P 000 CORCUL-US1005-011 USD
ROLLFEES P 000 CORCUL-US1005-011 USD
---------------------------------------------------------------
AMENDMENT ADVICE Date : 31 January 1998
Reference No. : 000DDDB980310001
Related Reference :
US1007
7000 Construction Court
San Diego
CA 92121
The Contract has been Amended. The new details are as follows :
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Value Date of Amendment : 10 February 1998
===============================================================
COMPONENT OLD RATE NEW RATE
===============================================================
INTEREST 5 8
===============================================================
THIS IS A COMPUTER GENERATED ADVICE
NO AUTHORIZED SIGNATURE IS REQUIRED
UNCLAIMED DEPOSIT NOTICE
------------------------
Demand Deposits Bearing
Transaction Date : 28 February 1998
American Bank , Los Angeles
#51 Woods North Bend Drive
Los Angeles
USA
Our Reference No. : 002DDDB980590002
User Reference No. : 002DDDB000590002
Value Date : 01 January 1998
Maturity Date : 15 January 1998
Contract Currency : USD
Principal Amount : 5,000.00
Outstanding Principal : 5,000.00
DOW Corporation
Address :
2091 East Atlantic Blvd
Pompano Beach
FL 33060
This is to inform you that the deposit has matured and remains unclaimed.
COMPONENT-WISE UNCLAIMED SUMMARY
---------------------------------------------------------------
Component Ccy Total Unclaimed Amount
Component Description
-----------------------------------------------------------
----
INTEREST USD 19.25
Interest
PRINCIPAL USD 5,000.00
---------------------------------------------------------------
THIS IS A COMPUTER GENERATED ADVICE.
NO AUTHORIZED SIGNATURE IS REQUIRED.