8.4.4 TC Purchase Against Walk-in

The Teller can use the TC Purchase Against Walk-in screen to purchase TC from a walk-in customer and pay out the equivalent amount in cash.

To purchase TC from a walk-in customer:

1. On the Homepage, from Teller mega menu, under Remittances, click TC Purchase Against Walk-in or specify TC Purchase Against Walk-in in the search icon bar and select the screen.
   The TC Purchase Against Walk-in screen is displayed.

   Figure 8-65 TC Purchase Against Walk-in

   
   

   
   Description of "Figure 8-65 TC Purchase Against Walk-in"

   
   
2. On the TC Purchase Against Walk-in screen, specify the fields. For more information on fields, refer to the field description table.

   Note:

   The fields, which are marked with an asterisk, are mandatory.

   Table 8-63 TC Purchase Against Walk-in - Field Description

   Field	Description
   Issuing Bank Code	Specify the code of the issuing bank. Note: By default, the logged-in bank code is displayed.
   Issuing Bank Name	Displays the name of the issuing bank specified.
   Issuing Branch Code	Specify the code of the issuing branch. Note: By default, the logged-in branch code is displayed.
   Issuing Branch Name	Displays the name of the issuing branch specified.
   Issuer Code	Click the search icon and select the issuer code from the list of values. Note: The list of values provides the HO code of the logged-in branch and the issuer codes maintained in the Issuer Code Maintenance screen.
   Issuer Code Description	Displays the description of the specified Issuer Code.
   TC Amount	Select the TC currency from the drop-down values, and specify the TC Amount.
   Purchase Date	Select the purchase date of the TC. Note: By default, the current posting date is displayed.
   Account Amount	Displays the account amount based on the Exchange Rate, TC Amount, and Account Number selected.
   Exchange Rate	Displays the exchange rate. Note: If the TC currency is the same as the account currency, the system displays the exchange rate as 1. This field is displayed only if Multi-Currency Configuration at the Function Code indicator level is set as Y.
   Total Charge Amount	Displays the total charges in the branch local currency. Note: This field is displayed only if Multi-Currency Configuration at the Function Code indicator level is set as Y.
   Narrative	Displays the narrative as TC Sale Against Account, and it can be modified.
   Beneficiary Details	Specify the fields under this section.
   Beneficiary Name	Specify the name of the beneficiary.
   Identification Type	Select the identification type from the drop-down values.
   Identification Number	Specify the identification number.
   Address Line 1 to Address Line 4	Specify the address of the beneficiary.

3. Specify the denomination details. For information on the fields in the Denomination segment, refer to Add Denomination Details.
4. Specify the TC denomination details. For information on the fields in the TC Denominations segment, refer to Add TC Denominations to Purchase TC.
5. Specify the charge details. For information on the fields in the Charge Details segment, refer to Add Charge Details.
6. Click Submit.
   A teller sequence number is generated, and the Transaction Completed Successfully information message is displayed.

   Note:

   The transaction is moved to authorization in case of any approval warning raised when the transaction saves.

   The following conditions apply for the TC status:

   • If the system finds the TC for the combination of TC Currency, Issuer Code, TC Denom Code, Series, and TC Number, the TC status will be updated to Purchased.
   • If the record is not found for the above-mentioned combination, during transaction completion, the system creates individual TC records for the combination of TC Currency, Issuer Code, TC Denom Code, Series, and TC Number with TC status as Purchased.

   Following main transaction accounting entries is triggered for this transaction at Oracle Banking Branch:

   • Dr Int. Bridge GL for TC Amount

   • Cr Cash GL for Transaction Amount

   Oracle Banking Payments will pass the debit leg accounting (Debit – TC GL & Credit – Int. Bridge GL) for TC Purchase. During handoff, the Oracle Banking Branch needs to pass the intermediary bridge GL as a credit account in the request.