6. Online Batch Process

Oracle FLEXCUBE supports Online and Batch processes based on the options selected for ‘Securitization Mode’ at ‘Contract Input’ level. The following options are available:

• Online – If selected, the system will invoke the securitization process at the time of authorization of securitization contract.
• Batch – If selected, the system will save the securitization contract without initiating the securitization process and will change the internal status of the contract as ‘Marked for Securitization’.

This chapter contains the following sections:

• Section 6.1, "Processing Intra-day Batch"
• Section 6.2, "EOD Batch"

6.1 Processing Intra-day Batch

Securitization process is initiated as part of intra-day batch IZDSECR. The system securitizes the underlying Islamic assets which are marked with ‘Marked for Securitization’ status. Post securitization process, the system will update the internal status of the securitization contract as ‘Securitized’.

The below table lists the possible status:

Securitization mode	Internal Status	Post securitization status
Online	NA	Securitized
Batch Mode	Marked for securitization	Securitized

If any one of the Islamic Asset’s status change event fails, then the system stops the securitization process and raises appropriate error message.

Note

Skipping events is not enabled.

Once Islamic Asset is marked for ‘Mark for Securitization’, as part of the securitization pool, the system will not allow any operations to be performed on the underlying asset till the IZ contract’s securitization process is complete.

Note

The system supports securitization of CI contracts.

6.2 EOD Batch

The below table provides details about the batches run and stage when they are run, for Islamic securitization:

Sl. No	EOD Stage	Sub-Stage	Module BatchTop of Form
1	Post EOTI	Stage : 1	IZDSECR
2		Stage : 2	CIDBATCH
3		Stage : 3	IZEOD
4	Post BOD	Stage : 1	CIDBATCH
5		Stage : 2	IZEODBottom of Form