Oracle FLEXCUBE supports Online and Batch processes based on the options selected for ‘Securitization Mode’ at ‘Contract Input’ level. The following options are available:
This chapter contains the following sections:
Securitization process is initiated as part of intra-day batch SZDSECR. The system securitizes the underlying Loan accounts 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 Loan Account’s status change event fails, then the system stops the securitization process and raises appropriate error message.
Note
Skipping events is not enabled.
Once Loan Account 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 SZ contract’s securitization process is complete.
Note
The system supports securitization of CL, MO, and LE contracts.
The below table provides details about the batches run and stage when they are run, for Securitization:
Sl. No |
EOD Stage |
Sub-Stage |
Module BatchTop of Form |
1 |
Post EOTI |
Stage : 1 |
SZDSECR |
2 |
|
Stage : 2 |
CLBATCH, MODBATCH LEDBATCH |
3 |
|
Stage : 3 |
SZEOD |
4 |
Post BOD |
Stage : 1 |
CLBATCH, MODBATCH LEDBATCH |
5 |
|
Stage : 2 |
SZEODBottom of Form |