2.2 Transactions

This topic provides information about the Transactions option that allows the user to create, amend and close Journal transactions, Legal blocks, Stop Payments, Referral Queues and release Uncollected Funds.

• Journal Transactions
  The use of this screen in Oracle Banking Accounts is envisaged in the below scenarios.
• Legal Block
  Legal Block is that part of the balance in a customer’s account, which you wish to reserve for a specific purpose.
• Stop Payments
  A Stop Payment maintained in the ‘stop payment’ table is an instruction given by a customer to his bank directing it to perform stop payment against a cheque.
• Referral Queue
  As part of Transactions, the Referral Queue option allows the user to view all available referral queue.
• Uncollected Funds
  As part of Uncollected Funds, the Manual Release option allows the user to manually release all the uncollected funds.