Oracle FLEXCUBE supports transfer of finance and commitment from one branch to another. This will be either customer initiated transfer or branch initiated transfer. Customer initiated transfer is single finance transfer and branch initiated transfers are multiple finance transfer.
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You can capture the finance, branch to which it is transferred and the date the finance has to be transferred from ‘Islamic Financing Transfer’ screen. You can invoke this screen by typing ‘CIDACCTR’ in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.
You can specify the following details in the Finance Transfer screen:
Transfer ID
System displays the unique number to identify the transfer.
Current branch
System displays the Current Branch of the finance.
Current Branch Name
System displays the Name of the current branch of the finance.
Transfer Date
Select the Date on which finance account has to be transferred.
Target Branch
Select the target branch to which finance is to be transferred from the adjoining option list.
Target Branch Name
System displays the Name of the target branch of the finance.
Account Number
Select the Account number from the adjoining option list.
You can maintain the branch transfer of Ijarah account using this screen. While processing branch transfer of financial Ijarah accounts with fixed asset linkage, the system will auto process the transfer of fixed assets.
During the branch transfer of fixed assets, the system will create a new fixed asset reference and update the new references at Ijarah account level.
If failure of asset transfer is configured as an override message, the system logs exception and skips fixed asset transfer. If failure of asset transfer is configured as an error, Ijarah account transfer itself will fail.
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You can transfer finance or commitments for all the records with transfer date greater than current date from the source branch to a new branch. This is transferred in the beginning of the day after authorization. ‘Customer Portfolio Transfer’ transfers all the finance contracts under the maintained customer ID. You can invoke this screen by typing ‘STDCUSTR’ in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.
Specify the following details in the Customer Portfolio Transfer screen:
Transfer ID
The system displays the transfer Id on clicking ‘New’.
Customer No
Select the customer name from the adjoining option list.
Customer Name
System displays the customer name.
Current Branch Code
System displays the current branch code.
Current Branch Name
System displays the name of the current branch.
Target Branch Code
Specify the Target Branch to which the Customer Portfolio is to be transferred.
Target Branch Name
System displays the name of the target branch of the Customer Portfolio.
Transfer Date
Specify the date on which the Customer Portfolio should be transferred.
Transfer Lending Module
Check Transfer lending Module to specify if Finance or commitments should be transferred as part of customer portfolio transfer.
Transfer Islamic Financing Module
Check Transfer Islamic Financing Module to specify if Islamic Finance should be transferred as part of customer portfolio transfer.
Transfer Mortgages Module
Check Transfer Mortgages Module to specify if Mortgage Finance/commitments (MO) should be transferred as part of customer portfolio transfer
Transfer CASA
Check Transfer CASA to specify if Customer Accounts (CASA) should be transferred as part of customer portfolio transfer.
Transfer Term Deposits
Check Transfer Term Deposits to specify if Term Deposits (TD) should be transferred as part of customer portfolio transfer.
Regenerate IBAN
Check this box to regenerated IBAN upon branch transfer. You can check this box only if 'Transfer CASA' is checked.
If you select the ‘Regenerate IBAN’ check box, the system performs the following actions:
If you do not select the ‘Regenerate IBAN’ check box, the system performs the following actions:
Note
By default, system selects all the check boxes. The system displays an error message if at least one of the check boxes is not selected.
You can maintain the branch transfer of Ijarah account using this screen. While processing branch transfer of financial Ijarah accounts with fixed asset linkage, the system will auto process the transfer of fixed assets.
During the branch transfer of fixed assets, the system will create a new fixed asset reference and update the new references at Ijarah account level.
If failure of asset transfer is configured as an override message, the system logs exception and skips fixed asset transfer. iIf failure of asset transfer is configured as an error, Ijarah account transfer itself will fail.
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You can transfer Finance or commitments when the branches merge in the Branch Merger screen. You can transfer finances or commitments for all the records with transfer date greater than the current date from the source branch to a target branch. You can invoke this screen by typing ‘STDBRNTR’ in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.
You can specify the following in the branch merger screen:
Transfer Id
The system displays the transfer Id on clicking ‘New’.
Current Branch Code
System displays the current branch code.
Current Branch Name
System displays the name of the current branch.
Target Branch Code
Specify the Target Branch with which the current branch is to be merged.
Target Branch Name
System displays the name of the target branch.
Transfer Date
Specify the date on which the branch should be merged with target branch.
Transfer Lending Module
Check Transfer lending Module to specify if Finance or commitments should be transferred as part of Branch Merger.
Transfer Islamic Financing Module
Check Transfer Islamic Financing Module to specify if Islamic Finance should be transferred as part of Branch Merger.
Transfer Mortgages Module
Check Transfer Mortgages Module to specify if Mortgage Finance/commitments (MO) should be transferred as part of customer portfolio transfer
Transfer CASA
Check Transfer CASA to specify if Customer Accounts (CASA) should be transferred as part of customer portfolio transfer.
Transfer Term Deposits
Check Transfer Term Deposits to specify if Term Deposits (TD) should be transferred as part of customer portfolio transfer.
Regenerate IBAN
Check this box to regenerate IBAN upon branch transfer. You can check this box only if 'Transfer CASA' is checked.
If you select the ‘Regenerate IBAN’ check box, the system performs the following actions:
If you do not select the ‘Regenerate IBAN’ check box, the system performs the following actions:
Note
By default, system selects all the check boxes. The system displays an error message if at least one of the check boxes is not selected.
During branch merger and product transfer Holiday Maintenance and UDE Float rates are same for both the branches. If both the branches have different Holiday Maintenance and UDE Float rates, then during subsequent events like VAMI in the finance account, for Product transfer accounts and branch merger records, schedule gets recomputed based on the target branch’s holiday or float rates.
You can maintain the branch transfer of Ijarah account using this screen. While processing branch transfer of financial Ijarah accounts with fixed asset linkage, the system will auto process the transfer of fixed assets.
During the branch transfer of fixed assets, the system will create a new fixed asset reference and update the new references at Ijarah account level.
If failure of asset transfer is configured as an override message, the system logs exception and skips fixed asset transfer. iIf failure of asset transfer is configured as an error, Ijarah account transfer itself will fail.
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You can transfer finance belonging to a product in Islamic Financing Product transfer screen. You can transfer finances for all the records with transfer date greater than the current date from the source branch to a target branch. You can invoke this screen by typing ‘CIDPRDTR’ in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.
You can specify the following in this screen:
Transfer Id
System displays the unique number to identify the transfer.
Target Branch Code
Specify the Target Branch to which the Islamic Financing accounts belonging to the Product is to be transferred.
Target Branch Name
System displays the name of the target branch of the finance.
Product Code
System displays the product code for which the finance accounts are transferred.
Product Description
Specify the description of the product for which the finance accounts are transferred.
Transfer Date
Specify the date on which the finance should be transferred.
Current Branch Code
System displays the current branch code.
Current Branch Name
System displays the name of the current branch of the finance.
Note
During branch merger and product transfer Holiday Maintenance and UDE Float rates are same for both the branches. If both the branches have different Holiday Maintenance and UDE Float rates, then during subsequent events like VAMI in the finance account, for Product transfer accounts and branch merger records, schedule gets recomputed based on the target branch’s holiday or float rates.
You can maintain the branch transfer of Ijarah account using this screen. While processing branch transfer of financial Ijarah accounts with fixed asset linkage, the system will auto process the transfer of fixed assets.
During the branch transfer of fixed assets, the system will create a new fixed asset reference and update the new references at Ijarah account level.
If failure of asset transfer is configured as an override message, the system logs exception and skips fixed asset transfer. iIf failure of asset transfer is configured as an error, Ijarah account transfer itself will fail.
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the single finance, customer portfolio, branch merger and product transfers fails, then the status of the transfer is updated as ‘error’ along with the failure reasons. The Islamic Financing Transfer Log Summary screen allows viewing and re-submitting such failed transfers. You can also view successful transfer records in this screen. You can invoke this screen by typing ‘CISTRLOG’ in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.
You can View or Re-submit failed transfer in this screen.
Account Number
Select the Finance Account Number from the adjoining option list.
Source Branch
Select the current branch from the adjoining option list.
Transfer Date
Select the date of transfer for the finance account.
Target Branch
Select the target branch of the finance account from the adjoining option list.
Customer No
Select the customer number of the finance account from the adjoining option list.
Status
Choose the status of the transfer record from the drop down list. The options available are:
Product Code
Select the product code of the finance account from the adjoining option list.
The following are displayed in this screen:
Resubmit
Clicking on the resubmit button marks all checked failed records for retry during the BOD batch.
View Error Details
Select a record to view the reason for failure of contracts which failed to transfer.
If the transfer event is initiated for CL, CI or MO Product and transfer date is on the current date, then the in BOD batch system processes transfer of all the finance or commitments marked for the day.
The transfer event TRFR for finance transfer triggers:
The transfer adjustment event ‘TADJ’ adjusts the income in the old branch in case of reversal of pre-transfer events and for back-dated events beyond the transfer date.
The following remains active even after the transfer of finance accounts: