3. Maintenances

Before you begin using the Securitization of Islamic Assets module, you need to capture Formula Definition which is used to filter or identify the loan contracts that forms part of the securitization pool.

This chapter contains the following sections:

• Section 3.1, "Rule/Formula Details"

3.1 Rule/Formula Details

This section contains the following topics:

• Section 3.1.1, "Maintaining Rule/Formula Details"
• Section 3.1.2, "Viewing Securitization Formula Maintenance Summary Details"

3.1.1 Maintaining Rule/Formula Details

Oracle FLEXCUBE allows you to capture rule condition, which is used to identify the loan contracts to form the securitization pool. You can maintain the formula details in the ‘Securitization Formula Maintenance’ screen. You can invoke this screen by typing ‘SZDFRMNT’ in the field at the top right corner of the Application toolbar and clicking on the adjoining arrow button.

Here you can capture the following details:

Formula Name

Specify the formula name.

Description

Specify the description for the formula.

Condition ID

Specify the condition ID.

Description

Specify the description for the condition.

Rule Condition

Specify the rule condition.

The system provides the following pre-defined elements to form the rule expression:

• Outstanding Principal
• Disbursed Amount
• Un-Disbursed Principal(future scheduled disbursement amount)
• Loan Type (Discounted/ True Discounted / Amortized/Amortized 78)
• Outstanding Tenor
• Rate of Interest
• Type of Interest (Floating / Fixed)
• Payment Frequency
• Customer Type
• Customer City Location
• Collateralized/Non-collateralized
• Collateral Amount
• Credit Rating
• Payment Outstanding
• Currency of Loan
• Customer Category
• Product Category
• Account Status
• Relationship Pricing Status
• Module Code
• Fund Type (Discounted/True Discounted/Amortized/Amortized 78/Simple)

While creating the securitization pool, the system computes the values for the elements dynamically and executes the expression.

You should use the Rule Name and Condition Name in securitization pool addition / deletion screen to execute the specific condition.

Note

The system allows you to modify the formula. This modification will not have any impact on the already selected loan accounts in the securitization pool based on the modified for­mula.

3.1.2 Viewing Securitization Formula Maintenance Summary Details

You can view the summary details of the Securitization Formula Maintenance in ‘Securitization Formula Maintenance Summary’ screen’.

You can invoke this screen by typing ‘SZSFRMNT’ in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.

In this screen, you can query based on any combination of the following fields:

• Authorization Status
• Formula Name
• Record Status
• Description

After specifying the parameters for the query, click ‘Search’ button. The system displays all the records matching the parameters specified.