15.1 Create State Group Parameters

This topic describes the systematic instructions to create state group parameters.

1. Click Account Configurations. Under Account Configurations, click State Group Parameters.
2. Under State Group Parameters, click Create State Group Parameters.
   The Create State Group Parameters page displays.

   Figure 15-1 Create State Group Parameters

   
   

   
   Description of "Figure 15-1 Create State Group Parameters"

   
   
3. On Create State Group Parameters page, specify the fields.

   Table 15-1 Create State Group Parameters - Field Description

   Field	Description
   Group ID	Specify the state group ID.
   Currency	Select the currency for which the grouping has to be done.
   Inactive Parameters	Specify the Inactive details in the respective Inactive parameters fields.
   Inactive Days	Specify the inactive days for the state group ID and currency.
   Inactive Reactivation Parameters	Select the reactivation parameters when account status is inactive. Select the values from the drop-down list as follows: Debit Credit Any Manual
   First Remainder Prior Days	Specify the first reminder notice prior days based on which the first notification prior to inactive marking will be sent to the customer.
   Second Remainder Prior Days	Specify the second reminder notice prior days based on which the second notification prior to inactive marking will be sent to the customer.
   Dormancy Parameters	Specify the Dormancy details in the respective Dormancy parameters fields.
   Dormancy Days	Specify the dormancy days for the state group ID and currency.
   Dormancy Reactivation Parameters	Select the reactivation parameters when account status is in dormant. Select the values from the drop-down list as follows: Debit Credit Any Manual
   First Remainder Prior Days	Specify the first reminder notice prior days based on which the first notification prior to dormancy marking will be sent to the customer.
   Second Remainder Prior Days	Specify the second reminder notice prior days based on which the second notification prior to dormancy marking will be sent to the customer.
   Escheatment Parameters	Specify the Escheatment details in the respective Escheatment parameters fields.
   Escheatment Days	Specify the escheatment days for the state group ID and currency.
   Escheatment Threshold Value	Specify the threshold value of the account balance beyond which the balance will be proportioned between bank and state.
   Percentage Transferred (%)	Specify the (%) based on which the balance amount will be proportioned between bank and state. For Example, If the (%) value is given as 90%, then 90% of funds will be transferred to the state GL and 10% will be retained by the bank.
   First Remainder Prior Days	Specify the first reminder notice prior days based on which the first notification prior to escheatment marking will be sent to the customer.
   Second Remainder Prior Days	Specify the second reminder notice prior days based on which the second notification prior to escheatment marking will be sent to the customer.
   Bank GL	Specify the Bank GL to which the escheated funds has to be transferred.
   State GL	Specify the State GL to which the escheated funds has to be transferred.

4. Specify all the details and click Save to complete the steps or click Cancel to exit without saving.
   The State Group Parameters are created.

   Note:

   At this point, the status of the State Group Parameters are Unauthorized. A user with a supervisor role has to approve the State Group Parameters. After approval, the status changes to Authorized, and the State Group Parameters are available for use by another process.
5. Approve the State Group Parameters.
   To approve or reject State Group Parameters, see View State Group Parameters.

   Note:

   As a maker of this configuration, you cannot approve it. It has to be approved by another user with a Supervisor role.