Party preferences

PartyClosedA party is any individual or business entity having a banking relationship with the bank. Preference setup allows the administrator to onboard the party on OBDX along with definition of attributes like limits, Approval flow, grace period etc. This maintenance is done only for corporate type of parties and is not applicable for retail type of parties. Parameter values maintained against a corporate party defines the system behavior for the following:

Pre-Requisites

Workflow

Party Preferences- Workflow

Features Supported In Application

Party Preference maintenance available for bank administrator in the application includes:

You are here How to reach here:

System/ Bank Administration Dashboard > Toggle Menu > OnBoarding > Party Preferences
OR
Bank Administration Dashboard > Onboarding > Party Preferences

Party Preferences- Search

Bank AdministratorClosedAdministrator is a set of individuals that administer the applicant/Affiliate entity. For example, Accountants, Authorized Signatories for organizations, Power of Attorney for individuals. logs into the system and navigates to the Party Preferences screen.

System displays a screen to enter the party information (party ID or party name) and search party for which the preferences are to be maintained or viewed.

User can enter the party ID (if known) or the party name with a minimum of 5 characters. System matches the input provided by the user with the party name records and displays the matching party records.

In case of a party search by party ID, it is an exact match and system displays the party preference maintained if any, else displays an option to create party preference.

To search party preferences of party:

  1. In the Party ID field, enter the party ID whose party preferences you want to view.
    OR
    In the Party Name field, enter the name of the party whose party preferences you want to view.
  2. Click Search.
    If party preference is already maintained, user is directed to Party Preference – View screen.
    If party preference is not maintained, user is directed to Party Preference – Create screen.
    In case of invalid party, error message is shown on the screen.
    OR
    Click Clear to reset the details.
    OR
    Click Cancel to cancel the transaction and navigate the user back to Dashboard.

In case of a party search by name, system displays the matching party records. The records have parties listed with both Party ID and Party Name information. User can select the record by clicking on the Party ID from the list.

Field Name

Description

Search

Party ID

Party ID for which the party preference to be maintained/ viewed.

Party Name

Party Name of a party for which the party preference to be maintained or viewed.
  1. Click Edit to edit the party preferences.
    OR
    Click Cancel to cancel the transaction.
    OR
    Click Back to navigate to previous screen.

Party Preferences - Create

Using this option, Bank Administrator can configure party preferences for a specific party.

To create the party preferences:

  1. In the Party ID field, enter the party ID you want to view the party preferences you want to view. Party ID entered by the user gets validated from the core banking application. After the core banking application validation is successful, a check is performed in application to verify if preferences are already maintained for a party.
    If the preferences are already maintained then user is directed to Party Preference – View screen.
  2. Click Search.
    The party preference maintained for the party ID appears based on the entered search parameters.
    OR
    Click Clear to reset the details.
    OR
    Click Cancel to cancel the transaction and navigate the user back to Dashboard.
  3. Click the desired party ID link under the Party ID column.
    The Party Preferences screen appears.

Field Name

Description

Search

Party ID

Party ID for which the party preference to be maintained or viewed

Party Name

Party Name of a party for which the party preference to be maintained/ viewed.
  1. Click Create to create party preference.
    The Create screen appears.
    OR
    Click Back to navigate to previous screen.
    OR
    Click Cancel to cancel the transaction.

Field Name

Description

Create

Party ID

Party ID for which the party preference to be maintained.

Party Name

Party Name of a party for which the party preference to be maintained.

Grace Period

Provision of time period is made to allow user to approve the transaction after the actual due date.

Note: The tooltip with information will appear on dashboard in the Pending for Approvals section only when the user hovers on grace period.

Approval Flow

The approval type for the party.

The options are:

  • Sequential
  • Parallel
  • No Approval

Channel Access

Whether users associated with a party can start transacting through the channel.

The options are:

  • Enable : Allows bank administrator to enable the party for channel access
  • Disable: Allows bank administrator to disable the party for channel access

Forex Deal Creation

Whether users associated with a party can create forex deals.

The options are:

  • Enable : If this option is enabled, corporate user associated with this party can create forex deals
  • Disable: If this option is disabled, corporate user associated with this party cannot create forex deals

Corporate Administrator Facility

This is to enable a corporate to have r corporate administrator facility. Only if this facility is enabled, a corporate administrator user can be created for that party.

The options are:

  • Enable
  • Disable

Accessible roles

This field lists the type of roles that will be available to the corporate administrator while on-boarding a user for the corporate party.

The options are:

  • Corporate Admin Maker – If this is selected, corporate administrator will be able to onboard a user in corporate admin maker role.
  • Corporate Admin Checker – If this is selected, corporate administrator will be able to onboard a user in corporate admin checker role.
  • Maker – If this is selected, corporate administrator will be able to onboard a user in corporate maker role.
  • Checker – If this is selected, corporate administrator will be able to onboard a user in corporate maker role.
  • Viewer – If this is selected, corporate administrator will be able to onboard a user in corporate viewer role

Cumulative Limit

It allows Bank Administrator to map customer cumulative daily limits to the party. All the touch points and touch point groups maintained the system are listed on the screen. Administrator needs to ensure that the relevant packages are mapped to all the touch points/groups accessible by the party users. Also an option is provided to map the limit package at Global level (a group created with all internal and external touch points).

All the touch points and touch point groups maintained in the system are listed under each entity. Packages can be mapped for each touch point and for a group

Touch Points/ Group

Name of touch points/ groups maintained under a specific entity for which the limit packages are to be mapped.

Package

List of the packages available for mapping to touch points/ group are listed here. Limit packages maintained for the selected touch point will get here.

User Limits

This field allows the Bank Administrator to map customer user level limits (CUL) to the party. All the touch points and touch point groups maintained the system are listed on the screen. Administrator needs to ensure that the relevant packages are mapped to all the touch points/ groups accessible by the selected party users. Also an option is provided to map the limit package at Global level (a group created with all internal and external touch points).

Touch Points/ Group

Name of touch points/group maintained under a specific entity for which the user limit packages are to be mapped.

Package

List of the packages available for mapping to an touch points/ group are listed.
  1. In the File Encryption Key field, enter the unique File Encryption key provided to the corporate for encrypting/decrypting the bulk files that he is uploading.
  2. In the Approval Flow field, select the appropriate option.
  3. In the Channel Access field, select the appropriate option.
  4. In the Forex Deal Creation field, select the appropriate option.
  5. In the Corporate Administrator Facility field, select the appropriate option.
  6. From the Accessible Roles list, select the appropriate option.
  7. From the Cumulative Daily Limits list, select the appropriate option.
  8. From the User Limit list, select the appropriate option.

Note: Click Refresh to refresh the option.

  1. Click Info to view the details of touch points group. The View Details popup window appears.

View Details - Touch Point Group

Field Name

Description

Group Code

Group code defined for an touch point group.

Group Description

Group description defined for touch point groups.

Touch Point / Group Type

Type of touch point i.e. whether touch point is of type internal or external.

Touch Points

List of the internal or external touch points.
  1. Click Save to save party preferences.
    OR
    Click Cancel to cancel the transaction.
    OR
    Click Back to navigate to previous screen.
  1. The Review screen appears. Verify the details, and click Confirm.
    OR
    Click Cancel to cancel the transaction
    OR
    Click Back to navigate to the previous screen.
  2. The success message of party preference creation appears.
    Click OK to complete the transaction.

Party Preferences- View

Administrator user is directed to Party Preference – View screen if preference for the party is already maintained. Preferences set for the party will be displayed on the screen.

To view party preferences of party:

  1. In the Party Id field, enter the party ID whose party preferences you want to view.
    OR
    In the Party Name field, enter the name of the party whose party preferences you want to view.
  2. Click Search.
    The party preference maintained for the party ID appears based on the entered search parameters.
    OR
    Click Clear to reset the details.
    OR
    Click Cancel to cancel the transaction and navigate the user back to Dashboard.
  3. Click the link under the Party ID column.
    The search result according to the search criteria appears.

Field Name

Description

Party ID

Party ID for which the party preference to be maintained.

Party Name

Party Name of a party for which the party preference to be maintained.

Grace Period

Provision of time period is made to allow user to approve the transaction after the actual due date.

Note: The tooltip with information will appear on dashboard in the Pending for Approvals section only when the user hovers on grace period.

Approval Flow

The approval type for the party.

The options are:

  • Sequential
  • Parallel
  • No Approval

Channel Access

Whether users associated with a party can start transacting through the channel.

The options are:

  • Enable : Allows bank administrator to enable the party for channel access
  • Disable: Allows bank administrator to disable the party for channel access

Forex Deal Creation

Whether users associated with a party can create forex deals.

The options are:

  • Enable : If this option is enabled, corporate user associated with this party can create forex deals
  • Disable: If this option is disabled, corporate user associated with this party cannot create forex deals

Corporate Administrator Facility

This is to enable a corporate to have r corporate administrator facility. Only if this facility is enabled, a corporate administrator user can be created for that party.

The options are:

  • Enable
  • Disable

Accessible roles

This field lists the type of roles that will be available to the corporate administrator while on-boarding a user for the corporate party.

The options are:

  • Corporate Admin Maker – If this is selected, corporate administrator will be able to onboard a user in corporate admin maker role.
  • Corporate Admin Checker – If this is selected, corporate administrator will be able to onboard a user in corporate admin checker role.
  • Maker – If this is selected, corporate administrator will be able to onboard a user in corporate maker role.
  • Checker – If this is selected, corporate administrator will be able to onboard a user in corporate maker role.
  • Viewer – If this is selected, corporate administrator will be able to onboard a user in corporate viewer role

Cumulative Daily Limit

It allows Bank Administrator to map customer cumulative daily limits (CCL) to the party. All the touch points and touch point groups maintained the system are listed on the screen. Administrator needs to ensure that the relevant packages are mapped to all the touch points/groups accessible by the party users. Also an option is provided to map the limit package at Global level (a group created with all internal and external touch points).

All the touch points and touch point groups maintained in the system are listed under each entity. Packages can be mapped for each touch point and for a group.

Touch Points/ Group

Name of touch points/ groups under a specific entity to whom the limit packages are to be mapped.

Package

List of the packages available for mapping to touch points/ group are listed here. Limit packages maintained for the selected touch point will get here.

User Limit

This field allows the Bank Administrator to map customer user level limits (CUL) to the party. All the touch points and touch point groups maintained the system are listed on the screen. Administrator needs to ensure that the relevant packages are mapped to all the touch points/groups accessible by the selected party users. Also an option is provided to map the limit package at Global level (a group created with all internal and external touch points).

Touch Points/ Group

Name of touch points/group maintained under a specific entity for which the user limit packages are to be mapped.

Package

List of the packages available for mapping to an touch points/ group are listed.
  1. Click Edit to edit the party preferences.
    OR
    Click Cancel to cancel the transaction.
    OR
    Click Back to navigate to previous screen.

Party Preferences - Edit

Administrator can edit the party preferences maintained for a party.

To edit the customer preferences:

  1. In the Party Id field, enter the party ID whose party preferences you want to view.
    OR
    In the Party Name field, enter the name of the party whose party preferences you want to view.
  2. Click Search.
    The party preference maintained for the party ID appears based on the entered search parameters.
    OR
    Click Clear to reset the details.
    OR
    Click Cancel to cancel the transaction and navigate the user back to Dashboard.
  3. Click Edit to edit the party preferences.
    The Details screen appears along with the party ID.

Field Name

Description

Edit

Party ID

Party ID for which the party preference to be edited will be displayed.

Party Name

Party Name of a party for which the party preference to be edited will be displayed.

Details

Grace Period

Provision of certain period of time is made to allow user to approve the transaction after the actual due date.

Note: The tooltip with information will appear on dashboard in the Pending for Approvals section only when the user hovers on grace period.

File Encryption Key

File Encryption key is the unique key provided to the corporate for encrypting/decrypting the bulk files that he is uploading.

Approval Flow

The approval type for the party.

The options are:

  • Sequential
  • Parallel
  • No Approval

Channel Access

Whether users associated with a party can start transacting through internet and mobile banking.

The options are:

  • Enable : Allows bank administrator to enable the party for application channel access
  • Disable: Allows bank administrator to disable the party for application channel access

Forex Deal Creation

Whether users associated with a party can create forex deals.

The options are:

  • Enable : Allows bank administrator to enable the party for forex deals
  • Disable: Allows bank administrator to disable the party for forex deals

Corporate Administrator Facility

This is to enable a corporate to have their corporate administrator facility. Only if this facility is enabled, a corporate administrator type of user can be created under a party in editable form.

The options are:

  • Enable
  • Disable

Accessible roles

Field lists the type of roles that are available to the corporate administrator while on-boarding a user for the corporate party.

The options are:

  • Corporate Admin Maker – If this is selected, corporate administrator will be able to onboard a user in corporate admin maker role.
  • Corporate Admin Checker – If this is selected, corporate administrator will be able to onboard a user in corporate admin checker role.
  • Maker – If this is selected, corporate administrator will be able to onboard a user in corporate maker role.
  • Checker – If this is selected, corporate administrator will be able to onboard a user in corporate maker role.
  • Viewer – If this is selected, corporate administrator will be able to onboard a user in corporate viewer role.

Cumulative Daily Limit

Name of the limit package defined. It allows Bank Administrator to map cumulative level limits to the party. All the limit packages maintained are listed. The cumulative limit set for the touch point / group. In case of multi entity set up, limit packages needs to be mapped at each entity level.

Touch Points/ Group

Name of touch points/ groups under a specific entity to whom the limit packages are to be mapped.

Package

List of the packages which is to be mapped to an touch points/ groups. Only limit packages maintained for the selected touch point will get here.

User Limits

Name of the limit package. It allows mapping user level limits to the party. All the limit packages maintained are listed. The user limit set for the touch point / group. In case of multi entity set up, limit packages needs to be mapped at each entity level.

Touch Points/ Group

Name of touch points/ groups under a specific entity to whom the user limit packages are to be mapped.

Package

List of the packages which are to be mapped to an touch points/ groups. Only user limit packages maintained for the selected touch point will get here.
  1. In the Grace Period field, enter the number of grace period.
  2. In the Approval Flow field, select the appropriate option.
  3. In the Channel Access field, select the appropriate option.
  4. In the Forex Deal Creation field, select the appropriate option.
  5. From the Enable for Corporate Administrator list, select the appropriate option.
  6. From the Cumulative Daily Limits list, select the appropriate option.
  7. From the User Limit list, select the appropriate option

Note: Click Refresh to refresh the option.

  1. Click Info to view the details of touch points group. The View Details popup window appears.

View Details - Touch Point Group

Field Name

Description

Group Code

Group code defined for an touch point group.

Group Description

Group description defined for an touch point groups.

Touch Point / Group Type

Type of touch point i.e. whether touch point is of type internal or external.

Touch Points

List of the internal or external touch points.
  1. Click Save to save Party Preference. User is directed to the Party Preference - Review page post necessary validations.
    OR
    Click Back to navigate to previous screen.
    OR
    Click Cancel to cancel the transaction and navigate back to Dashboard.
  2. The Review screen appears. Verify the details, and click Confirm.
    OR
    Click Edit to make the changes if any.
    OR
    Click Cancel to cancel the transaction and navigate back to Dashboard.
  3. The success message of updation appears.
    Click OK to complete the transaction.

FAQs

ClosedWhat is sequential type of approval flow?

Under Sequential approval flow, the approval can be done only in the sequence as mentioned in approval workflow. So, at the 1st level of approval, users/user groups who are assigned to authorize only can view and approve the transaction. After the transaction is approved by level 1 user, users/user groups having rights for 2nd level of approval will be able to view and authorize the transaction. The transaction is marked as approved only after the user at the last level approves/authorizes it.

ClosedWhat is Parallel type of approval flow?

It is “Non-Sequential” type of approval flow which doesn’t follow any specific sequence. Any user (who is part of the approval flow) from any approval level can pick up the transaction/maintenance and approve it. The transaction/maintenance is marked as approved if one user from each approval level (as configured) has approved/authorized the transaction.

ClosedWhat is cumulative daily limit package?

This limit package acts as a cumulative limit for all users of a party and is utilized as and when any user authorizes the transaction as a final approver. The daily limit per transaction and number of transactions allowed limit is checked and updated against the cumulative limit set.

ClosedWhat is User limit package?

This limit package is applicable for all users of the party (Users to whom this party ID is mapped as primary Party ID). This package will be overridden by User level limits package, if defined, at User level in User Management screen.

ClosedCan administrator delete Party Preference?

No, party preference cannot be deleted but can be disabled.

ClosedIf I change the approval type from sequential to parallel or vice versa, what happens to the in-flight transactions/maintenances?

Edited approval type is applicable for new transactions initiated post modification. Previously initiated transactions (in flight transactions/maintenances) which are pending approval will follow an approval type which was applied at the time of transaction initiation.

ClosedIf I edit the ‘Allowed Roles field’ and remove one of the options supported earlier, what impact will it have to the existing users on-boarded on that role?

If the Bank administrator edits and removes the roles mapped as ‘Allowed Roles’., the removed role will not be available to corporate administrator while creating new user and editing existing user. Old users whom the role is already mapped will continue to get the privileges.

Closed Can I edit the limit packages? How does it impact the transactions?

Yes, new limit package can be mapped for party. Limits get applied from an immediate effect if the effective date is less than or equal to current date. And if the effective date is future date, the limit package will be applied from the date available in the package.

Closed Is it mandatory to map packages for all the touch points and groups available under each entity?

Mapping the limit packages (CCL) for each touch point and for all groups is not mandatory. Whereas, administrator needs to operationally ensure that packages are mapped to the relevant touch point/groups which are accessible by the party users.

In case of customer user limit packages (CUL), if the package will be overridden by User level limits package, if defined, at User Maintenance. Or packages maintained for a user segment at system rules will be applicable if not package mapping is not defined at user or party level.

Closed Can I manually define Global touch point group?

No, Touch Point – Global is nothing but a group of all internal and external touch points available in the application. This group cannot be maintained manually.

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