4.3 Party Name Details

This topic describes the information about Party Name Details.

• When Party Name details are updated for existing delinquent accounts, it is loaded into the OBC staging area with RECORD_TYPE = 'U'or RECORD_TYPE = 'D' . An automated batch then processes these staging records and updates them into the main entity table. Each record must be uniquely identified by the combination of Record Type, Product Processor, Party Number and Name Type.
• For RECORD_TYPE = 'U': Oracle Banking Collections checks whether a record exists for the specified Party Number and Name Type. If a match is found, the record is updated; if not, a new record is inserted.
• For RECORD_TYPE = 'D': Oracle Banking Collections checks whether a record exists for the specified Party Number and Name Type. If a match is found, the record is deleted; otherwise, the request is rejected with an appropriate error.