This chapter contains the following topic:
Account Class
A group of customer accounts with similar characteristics and attributes
Account Statement Cycle
The periodicity for the generation of account statements
Account Statement Type
An indicator of the kind of account statement required to be generated periodically; this could be either a summary statement or a detailed one.
Alternate Account Number
An unique identifier for a customer account, other than the main Account Number. This provision is made to enable tracking of accounts existing in the bank before the installation of Oracle FLEXCUBE. For such accounts, you can capture the old account numbers as the Alternate Account Numbers.
Available
The amount available in a customer’s account, which can be drawn
Blocked
The amount that is blocked for other transactions, which the customer has entered into and not executed. At any point of time, the account balance cannot be less than the blocked amount.
Corporate Parameters
Information captured under customized parameters for corporate customers
Customer Category
A group of customers with logically similar features or attributes
Dormancy Days
The period following which customer accounts under a class are made inactive
Exposure Country
This is the country of exposure of a customer. This information is maintained for Central Liability tracking
Identifier Name
The name of the identification document furnished by the customer to the bank as proof of identity
Identifier Value
The serial number, document number or any identification number by which the identifier name document can be uniquely identified.
Joint Holder Code
The account identifier codes given to joint holders of any customer account
Legal Guardian
If the account holder is a minor, this is the legal guardian of the customer
Liability Number
A code used to keep track of the credit limit facility granted to a customer
Limit Check
A validation maintained for all accounts in an account class to see if there are adequate funds in the account.
Loan Repayment
The amount paid towards loan repayment
MTD (Month to Date)
Indicates the turnover on an account for the current month and up to the current date. It is specified for both Credit and Debit turnovers
Narratives
Specifications that help achieve a desired format for account statements
Natural GL
The code of the GL to which the turnovers of all accounts in the account class will be reported.
Regulation D
Reporting Lines
The general ledger codes to which balances (debit or credit) of all accounts in an account class will be reported.
Sub-limit
The maximum credit amount that can be used by a customer account without requiring an override. The sub-limit is specified for accounts for which the credit amount is limited to a part of the available line amount.
Temporary OD End
The date on which the temporary overdraft limit ceases to be effective
Temporary OD Limit
The maximum overdraft allowed on an account, for a specified period of time
Temporary OD Start
The date on and following which the temporary overdraft limit comes into effect
Tenure
The duration for which a customer has been in professional employment. This information is captured as part of the professional details for a customer.
Uncollected Funds Limit
On any given business day, the credit transaction amounts that have not been collected.
Unposted Credits
In a multi-branch or online activity (such as tele-banking or Internet banking) transactions that are posted into an account when the system is either not available or during End of Day run, are stored, to be posted into the system when the system is available. Credit transactions of this nature are classified as unposted credits.
Unposted Debits
In a multi-branch or online activity (such as tele-banking or Internet banking) transactions that are posted into an account when the system is either not available or during End of Day run, are stored, to be posted into the system when the system is available. Debit transactions of this nature are classified as unposted debits.
W-8BEN Form
The W-8BEN form (entitled Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding) is used in the United States taxation system by foreign persons (including corporations) to certify their non-American status. The form, issued by the Internal Revenue Service, establishes that one is a foreign, non-resident alien or foreign national performing work outside the United States, in order to claim tax treaty benefits such as a lower amount of tax withholding from dividends paid by U.S. corporations.