4.3 Account Class Transfer

This topic describes the systematic instructions to transfer the account class for active account without the need to close it or open a new one. This facilitates easy access to new account features, while adhering to specific rules.

1. On the Home page, click Corporate Account Services. Under Corporate Account Services, click Account Class Transfer.
   The Account Class Transfer page displays.

   Figure 4-6 Account Class Transfer

   
   

   
   Description of "Figure 4-6 Account Class Transfer"

   
   
2. In the Account Class Transfer screen, specify all the required fields. For more information on fields, refer to the field description table.

   Table 4-3 Account Class Transfer - Field Description

   Field	Description
   Customer Number	Specify the CIF number of the customer owning the account.
   Customer Name	Displays the name of the selected customer.
   Account Number	Specify or select the account number.
   Account Name	Displays the account name for the selected account number.
   Account Category	Displays the account category based on the selected account.
   New Account Category	Select or specify the new account category for transfer.
   Account Class	Displays the account class based on the selected account.
   New Account Class	Select or specify the new account class.
   Account Type	Displays the type of account.
   Currency	Displays the operating currency of the account.
   Next Liquidation cycle	Toggle the switch ON to display next liquidation cycle.
   Effective Date	Specify the date from when the account class switch has to happen.

   To fetch an account number:

   1. Click Fetch.

      The Account Number dialog displays.

   2. Search for the required account by providing some or all of the following details: Account Number, Account Name, or Account Currency.
   3. Select the required account from the results.
3. Click Initiate.
   The Account Class Transfer page displays the Account Basic Details screen.

   Figure 4-7 Account Class Transfer

   
   

   
   Description of "Figure 4-7 Account Class Transfer"

   
   
4. All relevant details will be defaulted according to the new account class. For more information on the field descriptions, see the steps in Account Creation topic.
5. Click Next.
   The Summary page displays.
6. Click Submit from the Summary screen.
   The Stage Movement Submission dialog displays the Overrides stage.
7. To complete the Stage Movement Submission process, follow the steps below:
   1. Accept any Overrides generated and click Proceed Next.
      The Checklist stage fetches and displays checklists mapped to this stage.
   2. Confirm the checklist items and then click Proceed Next.
      The Outcome stage displays.
   3. Click Proceed.
      The Account class transfer entry stage is completed.
8. To complete the Approve Account Class Transfer task, follow the steps below:
   1. Search the listed tasks with these column values. Process Name column contains Account Opening Existing Customer, the Stage column contains Approve Account Class Transfer, and the Application Number column has the number noted in Step 1. c.
   2. Click Acquire and Edit.

      The Approve Account Class Transfer page displays.

   3. Review and ensure that all the data entry screens are correct.
   4. Click Submit from the Summary screen.

      The Stage Movement Submission dialog displays.

9. To confirm that all stages of the account transfer process are complete, click Tasks under Tasks, and then click Completed Tasks.
   The Completed Tasks page displays all four stages of the Account Class Transfer screen.