D Retail Processes

A brief note on retail processes for Retail Accounts are covered in this topic.

• Overrides configuration and Queue Maintenance:
  • Facility to configure overrides and define severity for a source system.
  • Facility to group multiple override codes into a queue and configure approval roles and levels.
  • Define default exception queue for an override code which is not part of any queue.
• Revaluation Setup:
  • Configure revaluation preferences like Revaluation rate code, profit and loss GLs, split revaluation required, and netting required for customer GLs (Asset and Liability).
• Transaction and Balances:
  • APIs to accept debit or credit entries posting to account.
  • Capability to accept single or multiple legs and multiple transactions in one call.
  • Process different transaction path based on attributes like Referral, Severity level for overrides, force post, limit allowed, etc.
  • Perform account validation API before posting.
  • Create External Credit Approval (ECA) facility to block upfront and then accept posting later based on block.
  • Create Varied ECA parameters for partial block, force block, or partial utilisation of block.
  • Transaction post processing to update current balance, activity and book dated and value dated balances.
  • Facility to post transactions through Journal transactions.
  • Logical process to Utilize CPL, if applicable and available, and apply charge at EOD, if configured.
• Interest and Charges:
  • Branch parameters setup for Interest.
  • Configurations required for Interest processing.
  • Logic and formula to calculate interest is built with System Data Elements and User Data Elements into an interest rule. Interest product which is linked to an interest rule is attached to a business product and thus applicable to the accounts under that product. Interest is calculated for an account based on to the interest rule definition.
  • Define special condition for an account only if the business product of the account has interest products attached. The picklist from where you select the product for which you want to define a Special Condition will contain products that satisfy one of the following conditions.
    • Interest products attached to a business product.
    • The product has been defined as a special condition only product.
  • More than one interest product can be attached to an account.
  • Processing of accruals and liquidation for an account.