1.1.1 Process Management for Nostro Accounts and Corporate Accounts

This topic provides the information on the components of the process management.

Nostro Accounts

Business Process Definition

OBA allows definition of flexible business process tailored for specific business needs. Users can configure the number of stages and the business attributes applicable to each stage. Business attributes can be configured as modifiable or read-only. Advice and documents required to proceed to the next stage can be configured for each stage.

Account Category Definition

OBA allows the definition of account categories to which one or more account classes are mapped. Account category is selected when applying for a new account. Users can also specify which branches are permitted for a given account category.

Account Creation for Existing Customer

Existing 'Bank' type customers can open new accounts using OBA Nostro process flows. The Account Creation Service supports the following features:

• Open accounts of type 'Nostro'.
• Capture Address Information
• Record the statement preferences
• Capture documents required for Account opening
• Capture Status preferences and GL Reporting information

Account Amendments

Banks can use the Account amendment process to modify account information.They can change address oreferences and status information of accounts as per their business requirements.

Account Closure

Allows the bank to process the account closure requests. An account is marked as closed once the necessary business validations are complete.

Manual Matching

Allows adjustments to manually match entries that cannot be matched automatically based on rules.

Dashboard Widgets

The following dashboard widgets are available.

• Reconciliation Status
• Currency Exposure
• Unmatched Ageing
• Manual Match Based on Type
• Incoming Processing Status

Corporate Accounts

Legal Blocks - Creation, Amendment, and Closure

The legal block process is enhanced to capture the Hold Code and its Description. The closure date is captured and stored for a Legal Block closure.

Chequebook Request

Chequebook request process is enhanced to support delivery modes of any branch address or account address.