6. Annexure – Events, Accounting Entries and Advices

This section contains details of the roles, events, accounting entries and advices that can be set up for the SDB module of Oracle FLEXCUBE. The details of the suggested accounting entries are listed event-wise.

This chapter contains the following sections:

6.1 SDB Events

The following is a list of events for SDB. In the subsequent paragraphs we shall examine the accounting entries and advices for each of the events listed below.

Event Name

Description

BOOK (Book­ing)

This event will be triggered, at the time of booking the contract. This can have charge associated with it.

INIT (Initializa­tion)

This event will be triggered on the contract value date, executing the Initial fee accounting entries and rent advances for INIT event.

AMND (Amendment)

This event will be triggered, when an existing SDB contract end date is modified. Accounting entries will be executed to debit charges from the customer account.

Amendment event can also be triggered for the changing the status of contract - Freezing and De-Freezing.

CLOS (Clo­sure)

This event will be triggered, when an SDB contract is closed. When a contract is triggered for closure, the system will check for the rental pending payments, if required it will debit charges from the customer account and generate the closure advice for this event.

In case of insufficient funds in the customer account, the system will return an error by restricting the contract to be closed.

REVR (Rever­sal)

This event will be triggered, when a SDB contract is reversed for the latest event. The system will reverse the accounting entries executed for the previous event.

The reversal events will be supported for all the events except closure and pre-closure events.

ROLL (Rollo­ver)

This event will be triggered, when a contract is rolled-over for the next period. This event will execute the accounting entries for rental pay­ment charges.

LIQD (Liquida­tion)

This event will be triggered for both Manual and Auto liquidation, based on the Auto liquidation flag set at the contract level.

When a liquidation event is triggered system will execute the account­ing entries to debit the rental fee charges from the customer.

CUSV (Cus­tomer Visit)

This event will be triggered, for all customer visits; however the charges will be applicable only when the count exceeds the free visit count.

BPNT (Break Open Period)

This event will be triggered, when the customer has not visited the bank till the post contract maturity period. The system will execute the accounting entries to debit the charges from the customer account.

DPNT (Dupli­cate Key)

This event will be triggered, when the customer requests for duplicate key. The system will execute the accounting entries to debit the charges from the customer account.

PCLS (Pre-clo­sure)

This event will be triggered for Pre closure of SDB contracts. The sys­tem will execute the accounting entries to debit the charges from the customer account.

6.2 Accounting Role

Accounting Role

Description

Role Type

CUSTOMER

Customer Accounts

Real/Type “X”

6.3 SDB Accounting Entries and Advices

This section contains the following topics:

6.3.1 Book

Accounting Entry

Initial Fee charges can be collected at BOOK or INIT event, based on the customer need.

Role

Amount Tag

Debit/Credit

Customer

CHARGES

Dr

CHARGE COMPONENT_INC

CHARGES

Cr

 

Advice

Advice Name

Event

Generation Time

Format Name

Message Type

Book Advice

BOOK

Authorize

DL_BOOK_ADVICE

BOOK_AD­VICE

 

6.3.2 INIT

Accounting Entry

Role

Amount Tag

Debit/Credit

Customer

CHARGES

Dr

CHARGE COMPONENT_INC

CHARGES

Cr

 

Advice

Advice Name

Event

Generation Time

Format Name

Message Type

Init Advice

INIT

Authorize

DL_INIT_ADVICE

INIT_ADVICE

 

6.3.3 LIQD

Accounting Entry

Rental Fee Charges are collected during this event

Role

Amount Tag

Debit/Credit

Customer

CHARGES

Dr

CHARGE COMPONENT_INC

CHARGES

Cr

Advice

Advice Name

Event

Generation Time

Format Name

Message Type

Payment Advice

LIQD

Authorize

DL_PAY­MENT_ADV

PAYMENT_ADV

 

6.3.4 AMND

Accounting Entry

Charges applicable for extending the subscription end date are collected during this event.

Role

Amount Tag

Debit/Credit

Customer

CHARGES

Dr

CHARGE COMPONENT_INC

CHARGES

Cr

Advice

Advice Name

Event

Generation Time

Format Name

Message Type

Amendment Advice

AMND

Authorize

DL_AMEND_AD­VICE

AMEND_AD­VICE

 

6.3.5 REVR

All the accounting entries which have been previously posted are reversed during this event.

6.3.6 ROLL

Accounting Entry

Rental Fee is collected during this event.

Role

Amount Tag

Debit/Credit

Customer

CHARGES

Dr

CHARGE COMPONENT_INC

CHARGES

Cr

Advice

Advice Name

Event

Generation Time

Format Name

Message Type

Rollover

ROLL

Authorize

DL_ROLLO­VER_ADV

ROLLO­VER_ADV

 

6.3.7 CUSV

Accounting Entry

Charges for exceeding the free visit count are collected during this event.

Role

Amount Tag

Debit/Credit

Customer

CHARGES

Dr

CHARGE COMPONENT_INC

CHARGES

Cr

Advice

Advice Name

Event

Generation Time

Format Name

Message Type

Customer Visit Advice

CUSV

Authorize

DL_CUST_VIS­IT_ADV

CUST_VIS­IT_ADV

 

6.3.8 BPNT

Accounting Entry

Charges for Break open period are collected during this event, if the customer has not visited the deposit locker. The system will automatically calculate and collect these charges as part of EOD operations.

Role

Amount Tag

Debit/Credit

Customer

CHARGES

Dr

CHARGE COMPONENT_INC

CHARGES

Cr

Advice

Advice Name

Event

Generation Time

Format Name

Message Type

BreakOpen Advice

BPNT

Authorize

DL_BREAKO­PEN_ADV

BREAKO­PEN_ADV

 

6.3.9 DPNT

Charge for issuance of a duplicate key is collected during this event.

Role

Amount Tag

Debit/Credit

Customer

CHARGES

Dr

CHARGE COMPONENT_INC

CHARGES

Cr

6.3.10 CLOS / PCLS

Accounting Entry

Charges for closure and pre-closure of SDB are collected during this event.

Role

Amount Tag

Debit/Credit

Customer

CHARGES

Dr

CHARGE COMPONENT_INC

CHARGES

Cr

 

Advice

Advice Name

Event

Generation Time

Format Name

Message Type

Closure

CLOS

Authorize

DL_CLOSURE_AD­VICE

CLOSURE_AD­VICE