Process to Create Insolvency Block Details

Provision to maintain the balance threshold and hold percentage at the account class level for Current and Savings Accounts, and Deposits account classes for the purpose of FDIC provisional holds. This topic describes the systematic instructions to create insolvency block details.

1. Click Account Configurations, and under Account Configurations, click Insolvency Block Details Maintenance.
2. Under Insolvency Block Details Maintenance, click Create Insolvency Block Details.
   The Create Insolvency Block Details page displays.

   Figure 10-1 Create Insolvency Block Details

   
   

   
   Description of "Figure 10-1 Create Insolvency Block Details"

   
   

   Note:

   The Fields marked as Required are Mandatory.
3. On Create Insolvency Block Details page, specify the fields.

   Table 10-1 Create Insolvency Block Details - Field Description

   Field	Description
   Domain	The domain for which the maintenance is to be done that is Retail Accounts or Retail Deposits. Based on the value entered here, the account class list in the grid will be filtered. Click Search icon and select the value from the list displayed.
   Branch Currency	Click Search icon and select the value from the list displayed or specify the local Currency for which the hold parameters are to be maintained.
   Account Class	Click Search icon and the list of value displays all the account classes belonging to the specified domain.
   Threshold Amount	Enter the balance threshold amount up to which no hold will be placed on an account.
   Provisional Hold %	Enter the percentage of account balance exceeding the threshold for blocking. This field has minimum value as 1 and maximum as 100. Maximum decimals allowed is 3.
   Provisional Hold Days	Enter the number of days which will determine the End Date for the Federal Deposit Insurance Corporation (FDIC) hold.

4. Specify all the details and click Save to complete the steps or click Cancel to exit without saving.
   The Insolvency Block Details are created.

   Note:

   At this point, the status of the Insolvency Block Details are Unauthorized. A user with a supervisor role has to approve the Insolvency Block Details. After approval, the status changes to Authorized, and the Insolvency Block Details is available for use by another process.
5. Approve the Insolvency Block Details.
   To approve or reject State Code Mapping, Refer Process to View Insolvency Block Details.

   Note:

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