This section gives a list of important terms used in this manual.
Account Statement
This specification indicates whether the transaction (posted using data entry module) must be made available while the statement for the account is generated.
Amount Item
This indicates the amount entry that is passed into a general ledger / sub ledger in the chart of accounts for each transaction.
Authorization
A facility provided for the purpose of cross-checking and verifying a transaction to ensure that it conforms to the parameters maintained for the branch. After authorization, the transaction comes into effect and will be processed by the system.
Authorization Amount Limit
This indicates the maximum amount of a transaction that can be authorized by an authorizer user in the system.
Authorizer
This indicates a user who authorizes maintenance information records or transactions in Oracle FLEXCUBE. The authorizer cannot be the same user who created the record.
Batch
This indicates a group of transactions of a particular type. All transactions of a particular type can be authorized on a business day by authorizing the batch into which they have been grouped.
Branch Parameters
Static information maintained for a branch, containing mandatory operations and default parameters that would be specific to the branch. They are also known as branch conditions.
Clearing Bank Codes
This indicates unique identifiers maintained in Oracle FLEXCUBE for banks that are participants in a clearing house.
Currency Denominations
This indicates discrete lots in which paper currency is available. Each lot may contain one or more units of currency.
Customer Category
This indicates a group of customers with logically similar features or attributes.
Default Charge Collection Account
The account to which the charges for the transaction will be charged. This account can be defined at the product level as ‘Transaction’ account or ‘Offset’ account.
Denomination Tracking
This indicates tracking currency denominations for teller type transactions at a branch.
Exchange Rate Type
This indicates the type of exchange rate that you can specify for a product.
Exchange Rate Variance
This indicates the difference between the default value and the changed value of an exchange rate employed for currency conversion. Limits can be set for the variance.
Maximum Variance
This indicates the limit beyond which an exchange rate cannot be changed over and above the default value and an override is not possible.
MIS Code
This indicates a unique grouping of MIS (Management Information System) details such as Transaction MIS, Composite MIS, Cost MIS and so on, maintained for management reporting purposes.
Normal Variance
This indicates the limit within which exchange rates are allowed to be changed over and above the default value, without requiring an override. This limit corresponds to the minimum variance.
Overdraft
This indicates the amount by which an account has been overdrawn.
Product
This indicates an identifier, in Oracle FLEXCUBE, for any type of service that a bank offers its customers. It represents a set of attributes and preferences are maintained for the product, which will apply to the processing of any contracts, transactions or deals involving the product (service).
Shortage/Overage GL
This indicates the general ledger used for posting accounting entries related to differences between actual transaction amounts and amounts available in denominations.
Signature Verification
This indicates the process of authentication of a customer’s signature. It is typically enforced for transactions involving amounts exceeding a certain specified limit.
Teller Till Balancing
This indicates the task of reconciling the physical balance in a till with the balance according to the system records. The operator performs this activity during the Beginning of Day process.
Teller Type Transaction
This indicates the transaction performed by a teller. Cash deposits and withdrawals, sale and purchase of traveller checks and clearing checks are all teller type transactions.
Till
A cash register used by a teller for the purpose of disbursing withdrawals and receiving deposits. A till is usually linked to a safe or a vault.
Transaction Account
This indicates the account of the customer involved in a transaction. For transactions in respect of which internal entries are passed, it could also be a general ledger.
Transaction Amount Limit
This is the maximum and minimum limits which represent the allowable range for the amount of a transaction.
Transaction Codes
These indicate unique identifiers maintained in Oracle FLEXCUBE for different types of cash transfers (transactions) within the branch. A transaction code is also an identifier for each accounting entry that describes the nature (i.e., debit or credit) of the entry.
Transaction Limits
These are limits placed on the size of a transaction that a teller is allowed to input.
Vault
This is a safe where the physical cash assets of a bank (or branch) are kept. A bank may maintain one or more vaults.