Contents
1. Preface
1.1 Introduction
1.2 Audience
1.3 Documentation Accessibility
1.4 Organization
1.5 Related Documents
1.6 Glossary of Icons
2. An Overview of Interest and Charges Module
2.1 Introduction
2.2 Interest Rule Definition
2.3 Product Definition
2.4 Conditions Definition
2.5 Usage of Prevailing Market Rates
2.6 Combine Accounts
2.7 Calculation of Charges
2.8 Other Features
2.9 Information Retrieval
3. Maintenance Required for Processing Interest and Charges
3.1 Rules
3.2 Branch Parameters
3.2.1 Maintaining Branch Parameters
3.3 Rules for Interest and Charges
3.3.1 Invoking Interest and Charges Rule Maintenance
3.3.2 System Elements (SDEs)
3.3.3 User Elements (UDEs)
3.3.4 Formulas Button
3.3.5 Applying Prepayment Penalties on Deposits
3.3.6 Maintenance for Prepayment Penalties
3.3.7 Maintaining Rule for Calculating Commission on HDB
4. Maintaining System Data Elements
4.1 System Data Elements Maintenance
4.1.1 Invoking System Data Elements Maintenance
4.1.2 Maintaining SDE for Interest Calculation on Daily Average Balance
4.1.3 Maintaining SDE to Compute Average Balance of Two Consecutive Months
4.1.4 Maintaining SDE for ELCM related Values
4.1.5 Maintaining SDE for Tax Exemption
4.1.6 Maintaining SDEs for Computing TDS
4.1.7 Maintaining SDEs for Computing Advance Interest
4.1.8 Maintaining SDEs for Computing Overdraft Interest
4.1.9 Maintaining SDE for Computing commission on Highest Debit Balance
4.1.10 Maintaining SDE for FATCA
4.1.11 Maintaining SDE for Virtual Accounts
4.2 Customer TDS Details
4.2.1 Invoking Customer TDS Details Screen
4.2.2 Maintaining SDEs for Deducting Charges on Dormant Accounts
4.2.3 Implications of Working with User Defined Fields
5. Giving UDE Values for Condition
5.1 Interest and Charges UDE Maintenance
5.1.1 Invoking the Interest and Charges UDE Maintenance Screen
5.1.2 Printing UDE Values
5.1.3 Maintaining Rate Codes
5.1.4 Defining Effective Date for Rate Code
5.1.5 Closing Rate for Date
5.2 Interest Rate Association for Account Class
5.2.1 Associating Interest Rate to Account Class
5.3 UDE Values for Select Customer Accounts
5.3.1 Modifying UDE Values for Select Customer Accounts
6. Building Formulae
6.1 Formula Wizard Screen
6.2 Building Blocks of Formulae
6.3 Building Formulae
7. Defining Interest and Charge Products
7.1 Interest and Charges Product Maintenance
7.1.1 Invoking Interest and Charges Product Maintenance
7.1.2 Preference Button
7.1.3 Specifying Preferences for Charges Product
7.1.4 Charge Basis in Oracle FLEXCUBE
7.1.5 Status Maintenance Button
7.1.6 Accounting Roles Button
7.1.7 Events Button
7.1.8 Branch Button
7.1.9 Customer Button
7.1.10 UDE Limits Button
7.1.11 Preferences for Consolidated Charges Products
7.1.12 Charge Product Application on an Account
7.1.13 General Condition
7.1.14 Special Condition
7.2 Transaction Codes for Processing External Charges
7.2.1 Processing Transaction Code for External Charges
7.3 Booking of External Charges
7.3.1 Booking of External Charges
8. Floating Rate Codes for IC Module
8.1 Interest and Charges Branch Availability Maintenance
8.1.1 Invoking Interest and Charges Branch Availability Maintenance
8.1.2 Branch Restrictions
8.2 Floating Rates for IC Rate Codes
8.2.1 Invoking IC Rate Input Screen
8.2.2 Closing Rate for Date
8.2.3 Uploading IC Rates
9. Applying Interest Product on Account
9.1 Defining General Condition
9.1.1 Waiving General Condition for Specific Account
9.1.2 Repopulate at Liquidation
9.1.3 Closing General Condition
9.1.4 Maintaining Rate Codes
9.1.5 Defining Effective Date for Rate Code
9.1.6 Closing Rate for Date
9.1.7 Giving UDE Values for General Condition
9.1.8 Identifying and Specifying Values for UDEs
9.2 Special Condition Definition
9.2.1 Invoking IC Special Conditions Maintenance Screen
9.2.2 Defining UDE Values for the Account
9.2.3 Specifying Effective Date for UDE Value Pickup
9.2.4 Closing Values Applicable for Effective Date
9.2.5 Recalculation of Interest for Back-valued UDE Value Changes
9.3 Associating Customer Account with another Account
9.3.1 Application of Interest and Charges – A note
9.3.2 Details for Deposit types of Account
10. Checking for Consistency in Data
10.1 Consistency Check
10.1.1 Maintenance Consistency Check
10.1.2 Unauthorized Accounts
10.1.3 Unauthorized Account Classes
10.1.4 Unauthorized Currency Details
10.1.5 Details of Invalid Products or Rules
10.1.6 Unauthorized General Conditions
11. Daily Processing of Interest and Charges
11.1 Maintenance Consistency Checks
11.2 IC Intra-day Batch
11.3 Liquidating Interest Automatically
11.4 Automatic Accruals
11.5 Reversing Accrual Entries
11.6 Charges Applicable for Creditor or Debtor Agreements
11.7 Consolidated Charges Processing
11.8 End of Day processing for Debiting Receivable GLs
11.8.1 Liquidating Debit Interest and Charges
11.8.2 Auto Liquidation
11.8.3 Manual Liquidation
11.8.4 Processing Write-off for the new Status
11.8.5 Processing Recovery of OD Account
12. Liquidating Interest Online
12.1 Processing Online Liquidation
12.2 Online Liquidation for Multiple Accounts
12.2.1 Invoking Interest and Charges Multiple Account Online Liquidation Screen
12.2.2 Product Code Tab
12.2.3 Account Number Tab
12.2.4 Authorize Button
12.2.5 Viewing Interest and Charges Multiple Account
12.3 Online Liquidation for Single Account
12.3.1 Invoking Interest and Charges Single Account Online Liquidation
12.3.2 Authorizing Online Liquidation for Single Account
12.3.3 Viewing Interest and Charges Single Account
12.4 Calculating Interest Applicable for Account
12.5 Online Calculation for Multiple Accounts
12.5.1 Processing Online Calculation for Multiple Accounts
12.6 Online Calculation for Single Account
12.6.1 Processing Online Calculation for Single Account
12.7 Capitalization of OD Interest
13. Maintaining Interest Statement Details
13.1 Interest Statements
13.1.1 Maintaining Interest Statements
13.2 Printed Value Identification
13.3 Interest Statement Generation
14. Annexure A - Accounting Entries and Advices
14.1 Accounting Entries for Interest and Charges
14.2 Event-wise Accounting Entries and Advices
14.2.1 Charge Basis: ADHOC-STMT
14.2.2 Charge Basis: NUM-CHQ-ISS
14.2.3 Charge Basis: NUM-CHQ-RET
14.2.4 Charge Basis: NUM-STOP-PAY
14.2.5 Charge Basis: NUM-ACCT-STMTS
14.2.6 Charge Basis: ITEM-COUNT
14.2.7 Charge Basis: TURNOVER
14.2.8 Accounting Entries and Advices for Interest
14.2.9 Accounting Entries for Write-off Process
14.2.10 Accounting Entries for Income Recognition
14.2.11 Accounting Entries for FATCA
15. Queries and Reports
15.1 Online Queries
15.1.1 Accessing Online Queries
15.1.2 The Interest Applicable on an Account
15.1.3 Single account
15.1.4 Multiple Accounts
15.2 Interest Calculation - Projected
15.2.1 Generating Interest Calculation - Projected Report
15.2.2 Contents of the Report
15.3 Liquidation Control List
15.3.1 Generating Liquidation Control List Report
15.3.2 Contents of the Report
15.4 The Accrual Control List
15.4.1 Generating the Accrual Control List
15.4.2 Contents of the Report
15.5 The Maintenance for Interest Statements Report
15.5.1 Generating Interest Statement Report
15.5.2 Contents of the Report
15.6 The SDE Details Report
15.6.1 Generating the SDE Details Report
15.6.2 Contents of the Report
15.7 The Product Details Report
15.7.1 Generating the Product Details Report
15.7.2 Contents of the Report
15.8 Report on Interest Calculation Details
15.8.1 Generating Interest Calculation Details Report
15.8.2 Contents of the Report
15.9 Savings YTD Interest Report
15.9.1 Generating the Saving YTD Interest Report
15.9.2 Contents of the Report
15.10 Report of TD linked to Overdraft Account
15.10.1 Generating TD linked to Overdraft Account Report
15.10.2 Contents of the Report
15.11 Accrual Control List Report
15.11.1 Generating Accrual Control List Report
15.11.2 Contents of the Report
16. Function ID Glossary