8. Branch Transfer of Finance

Oracle FLEXCUBE supports transfer of finance and commitment from one branch to another. This will be either customer initiated transfer or branch initiated transfer. Customer initiated transfer is single finance transfer and branch initiated transfers are multiple finance transfer.

This chapter contains the following sections:

8.1 Islamic Finance Transfer

This section contains the following topic:

8.1.1 Transferring Islamic Finance

You can capture the finance, branch to which it is transferred and the date the finance has to be transferred from ‘Islamic Financing Transfer’ screen. You can invoke this screen by typing ‘CIDACCTR’ in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.

You can specify the following details in the Finance Transfer screen:

Transfer ID

System displays the unique number to identify the transfer.

Current branch

System displays the Current Branch of the finance.

Current Branch Name

System displays the Name of the current branch of the finance.

Transfer Date

Select the Date on which finance account has to be transferred.

Target Branch

Select the target branch to which finance is to be transferred from the adjoining option list.

Target Branch Name

System displays the Name of the target branch of the finance.

Finance Account Details

Account Number

Select the Account number from the adjoining option list.

You can maintain the branch transfer of Ijarah account using this screen. While processing branch transfer of financial Ijarah accounts with fixed asset linkage, the system will auto process the transfer of fixed assets.

During the branch transfer of fixed assets, the system will create a new fixed asset reference and update the new references at Ijarah account level.

If failure of asset transfer is configured as an override message, the system logs exception and skips fixed asset transfer. iIf failure of asset transfer is configured as an error, Ijarah account transfer itself will fail.

8.2 Customer Portfolio Transfer

This section contains the following topic:

8.2.1 Transferring Customer Portfolio

You can transfer finance or commitments for all the records with transfer date greater than current date from the source branch to a new branch. This is transferred in the beginning of the day after authorization. ‘Customer Portfolio Transfer’ transfers all the finance contracts under the maintained customer ID. You can invoke this screen by typing ‘STDCUSTR’ in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.

Specify the following details in the Customer Portfolio Transfer screen:

Transfer ID

The system displays the transfer Id on clicking ‘New’.

Customer No

Select the customer name from the adjoining option list.

Customer Name

System displays the customer name.

Current Branch Code

System displays the current branch code.

Current Branch Name

System displays the name of the current branch.

Target Branch Code

Specify the Target Branch to which the Customer Portfolio is to be transferred.

Target Branch Name

System displays the name of the target branch of the Customer Portfolio.

Transfer Date

Specify the date on which the Customer Portfolio should be transferred.

Transfer Lending Module

Check Transfer lending Module to specify if Finance or commitments should be transferred as part of customer portfolio transfer.

Transfer Islamic Financing Module

Check Transfer Islamic Financing Module to specify if Islamic Finance should be transferred as part of customer portfolio transfer.

Transfer Mortgages Module

Check Transfer Mortgages Module to specify if Mortgage Finance/commitments (MO) should be transferred as part of customer portfolio transfer

Transfer CASA

Check Transfer CASA to specify if Customer Accounts (CASA) should be transferred as part of customer portfolio transfer.

Transfer Term Deposits

Check Transfer Term Deposits to specify if Term Deposits (TD) should be transferred as part of customer portfolio transfer.

Regenerate IBAN

Check this box to regenerated IBAN upon branch transfer. You can check this box only if 'Transfer CASA' is checked.

If you select the ‘Regenerate IBAN’ check box, the system performs the following actions:

If you do not select the ‘Regenerate IBAN’ check box, the system performs the following actions:

Note

By default, system selects all the check boxes. The system displays an error message if at least one of the check boxes is not selected.

You can maintain the branch transfer of Ijarah account using this screen. While processing branch transfer of financial Ijarah accounts with fixed asset linkage, the system will auto process the transfer of fixed assets.

During the branch transfer of fixed assets, the system will create a new fixed asset reference and update the new references at Ijarah account level.

If failure of asset transfer is configured as an override message, the system logs exception and skips fixed asset transfer. iIf failure of asset transfer is configured as an error, Ijarah account transfer itself will fail.

8.3 Branch Merger

This section contains the following topic:

8.3.1 Merging of Branches

You can transfer Finance or commitments when the branches merge in the Branch Merger screen. You can transfer finances or commitments for all the records with transfer date greater than the current date from the source branch to a target branch. You can invoke this screen by typing ‘STDBRNTR’ in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.

You can specify the following in the branch merger screen:

Transfer Id

The system displays the transfer Id on clicking ‘New’.

Current Branch Code

System displays the current branch code.

Current Branch Name

System displays the name of the current branch.

Target Branch Code

Specify the Target Branch with which the current branch is to be merged.

Target Branch Name

System displays the name of the target branch.

Transfer Date

Specify the date on which the branch should be merged with target branch.

Transfer Lending Module

Check Transfer lending Module to specify if Finance or commitments should be transferred as part of Branch Merger.

Transfer Islamic Financing Module

Check Transfer Islamic Financing Module to specify if Islamic Finance should be transferred as part of Branch Merger.

Transfer Mortgages Module

Check Transfer Mortgages Module to specify if Mortgage Finance/commitments (MO) should be transferred as part of customer portfolio transfer

Transfer CASA

Check Transfer CASA to specify if Customer Accounts (CASA) should be transferred as part of customer portfolio transfer.

Transfer Term Deposits

Check Transfer Term Deposits to specify if Term Deposits (TD) should be transferred as part of customer portfolio transfer.

Regenerate IBAN

Check this box to regenerate IBAN upon branch transfer. You can check this box only if 'Transfer CASA' is checked.

If you select the ‘Regenerate IBAN’ check box, the system performs the following actions:

If you do not select the ‘Regenerate IBAN’ check box, the system performs the following actions:

Note

By default, system selects all the check boxes. The system displays an error message if at least one of the check boxes is not selected.

During branch merger and product transfer Holiday Maintenance and UDE Float rates are same for both the branches. If both the branches have different Holiday Maintenance and UDE Float rates, then during subsequent events like VAMI in the finance account, for Product transfer accounts and branch merger records, schedule gets recomputed based on the target branch’s holiday or float rates.

You can maintain the branch transfer of Ijarah account using this screen. While processing branch transfer of financial Ijarah accounts with fixed asset linkage, the system will auto process the transfer of fixed assets.

During the branch transfer of fixed assets, the system will create a new fixed asset reference and update the new references at Ijarah account level.

If failure of asset transfer is configured as an override message, the system logs exception and skips fixed asset transfer. iIf failure of asset transfer is configured as an error, Ijarah account transfer itself will fail.

8.4 Product Lending Branch Transfer

This section contains the following topic:

8.4.1 Transferring Product Finance

You can transfer finance belonging to a product in Islamic Financing Product transfer screen. You can transfer finances for all the records with transfer date greater than the current date from the source branch to a target branch. You can invoke this screen by typing ‘CIDPRDTR’ in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.

You can specify the following in this screen:

Transfer Id

System displays the unique number to identify the transfer.

Target Branch Code

Specify the Target Branch to which the Islamic Financing accounts belonging to the Product is to be transferred.

Target Branch Name

System displays the name of the target branch of the finance.

Product Code

System displays the product code for which the finance accounts are transferred.

Product Description

Specify the description of the product for which the finance accounts are transferred.

Transfer Date

Specify the date on which the finance should be transferred.

Current Branch Code

System displays the current branch code.

Current Branch Name

System displays the name of the current branch of the finance.

Note

During branch merger and product transfer Holiday Maintenance and UDE Float rates are same for both the branches. If both the branches have different Holiday Maintenance and UDE Float rates, then during subsequent events like VAMI in the finance account, for Product transfer accounts and branch merger records, schedule gets recomputed based on the target branch’s holiday or float rates.

You can maintain the branch transfer of Ijarah account using this screen. While processing branch transfer of financial Ijarah accounts with fixed asset linkage, the system will auto process the transfer of fixed assets.

During the branch transfer of fixed assets, the system will create a new fixed asset reference and update the new references at Ijarah account level.

If failure of asset transfer is configured as an override message, the system logs exception and skips fixed asset transfer. iIf failure of asset transfer is configured as an error, Ijarah account transfer itself will fail.

8.5 Islamic Financing Transfer Log Summary

This section contains the following topic:

8.5.1 Viewing Branch Transfer Details

the single finance, customer portfolio, branch merger and product transfers fails, then the status of the transfer is updated as ‘error’ along with the failure reasons. The Islamic Financing Transfer Log Summary screen allows viewing and re-submitting such failed transfers. You can also view successful transfer records in this screen. You can invoke this screen by typing ‘CISTRLOG’ in the field at the top right corner of the Application tool bar and clicking on the adjoining arrow button.

You can View or Re-submit failed transfer in this screen.

Account Number

Select the Finance Account Number from the adjoining option list.

Source Branch

Select the current branch from the adjoining option list.

Transfer Date

Select the date of transfer for the finance account.

Target Branch

Select the target branch of the finance account from the adjoining option list.

Customer No

Select the customer number of the finance account from the adjoining option list.

Status

Choose the status of the transfer record from the drop down list. The options available are:

Product Code

Select the product code of the finance account from the adjoining option list.

The following are displayed in this screen:

Resubmit

Clicking on the resubmit button marks all checked failed records for retry during the BOD batch.

View Error Details

Select a record to view the reason for failure of contracts which failed to transfer.

8.5.1.1 Transferring Batch

If the transfer event is initiated for CL, CI or MO Product and transfer date is on the current date, then the in BOD batch system processes transfer of all the finance or commitments marked for the day.

8.5.1.2 Transferring Event

The transfer event TRFR for finance transfer triggers:

8.5.1.3 Transferring Adjustment Event

The transfer adjustment event ‘TADJ’ adjusts the income in the old branch in case of reversal of pre-transfer events and for back-dated events beyond the transfer date.

The following remains active even after the transfer of finance accounts: