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:
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.
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. |
Accounting Role |
Description |
Role Type |
CUSTOMER |
Customer Accounts |
Real/Type “X” |
This section contains the following topics:
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 |
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 |
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 |
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 |
All the accounting entries which have been previously posted are reversed during this event.
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 |
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 |
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 |
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 |
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 |