This section contains details of the suggested accounting entries that can be set up for the Intermediary module of Oracle FLEXCUBE. The details of the suggested accounting entries are given event-wise.
This chapter contains the following sections:
You can link the following events to an Intermediary product.
Event Code |
Event Description |
INLQ |
Intermediary Liquidation |
INHL |
Intermediary Hierarchy Liquidation |
IMST |
Intermediary Statement |
The following accounting roles are available in the module.
Accounting Role |
Role Description |
EXPENSE |
Expense GL |
REC_INTER |
Receiving Intermediary |
PAY_INTER |
Paying Intermediary |
INCOME |
Income GL |
The following amount tags are available in the module.
Amount Tag |
Tag Description |
<RULEID>_INTERPAY_AMT |
Amount paid to the Intermediary |
INTERHIE_AMT |
Amount for hierarchy-wise settlement |
You can set up accounting entries for the following types of products:
This section contains the following topics:
For a product linked to payment type of rule, you can maintain the following accounting entries.
INLQ – Intermediary Liquidation
Dr/Cr |
Accounting Role |
Amount Tag |
Dr |
EXPENSE |
<RULEID>_INTERPAY_AMT |
Cr |
REC_INTER |
<RULEID>_INTERPAY_AMT |
You can link the following advices to the events.
Event |
Message Name |
Description |
INLQ |
IN_INTER_CR |
Credit Advice |
INLQ |
IN_INTER_DR |
Debit Advice |
IMST |
IN_INTER_STMT |
Intermediary Statement |
The advices will address the primary intermediary.
For a product linked to collection type of rule, you can maintain the following accounting entries.
INLQ – Intermediary Liquidation
Dr/Cr Indicator |
Accounting Role |
Amount Tag |
Dr |
PAY_INTER |
<RULEID>_INTERPAY_AMT |
Cr |
INCOME |
<RULEID>_INTERPAY_AMT |
Cr |
REC_INTER |
<RULEID>_INTERPAY_AMT |
Dr |
EXPENSE |
<RULEID>_INTERPAY_AMT |
INHL – Intermediary Hierarchy Liquidation
Dr/Cr Indicator |
Accounting Role |
Amount Tag |
Dr |
PAY_INTER |
INTERHIE_AMT |
Cr |
REC_INTER |
INTERHIE_AMT |
Rule ID will be replaced with actual Rule ID while processing the entries.
You can link the following advices to the events.
Event |
Message Name |
Description |
INLQ |
IN_INTER_CR |
Credit Advice |
INLQ |
IN_INTER_DR |
Debit Advice |
IMST |
IN_INTER_STMT |
Intermediary Statement |
The advices will address the primary intermediary.
If settlement mode for intermediary is CASA for both debit and credit, the settlement details will be picked up from the settlement account maintenance for the intermediary.
If settlement mode for intermediary is ‘External Account’, the credits will be handled using the external account by triggering an External Payment System. Debits to intermediary will be handled using the settlement account details maintained for the intermediary.
You can maintain the following advice formats using the ‘Advice Format’ screen:
This section contains the following topics:
You can capture the following details in this format:
You can capture the following details in this format:
You can capture the following details in this format: