3.2.1 Account Arrears

This topic describes the information about Account Arrears.

• When account arrears details are provided for new delinquent accounts, it is loaded into the OBC staging area with RECORD_TYPE = 'I'. An automated batch process then validates and processes these records, inserting them into the main entity table. Each record must be uniquely identified by the combination of Record Type, Product Processor, Account Number, Arrear Type, and Reference Value.
• Oracle Banking Collections verifies whether a record exists for the given Account Number, Arrear Type, and Reference Value. If it exists, the record is updated; otherwise, a new record is inserted.

For field level details please refer to Account Arrears Details