1.5.2 Integration Process of OBCL and Payments
For OL/LS with Payments integration, you need to perform the following:
- In Branch Parameters Details screen (OLDBRMNT), Generate MT103 check box needs to be selected.
- In Settlement Instructions Maintenance (LBDINSTR), Transfer By Pay or Transfer By Recv needs to be selected as BANK or CUSTOMER. In case of BANK, MT202 SWIFT message is generated at Payments module. In case of CUSTOMER, MT103 SWIFT message is generated at Payments module.
- OBCL initiates web services call, that is, PMSinglePaymentService call for cross-border outgoing SWIFT transactions. These outgoing SWIFT transactions are processed by Payments module. The payment module generates MT103 and MT202/MT202Cover SWIFT messages.
- The system allows the cancellation request to be passed to OBPM when the loan contract is reversed from OBCL. The service PMOutTxnReversalService is called from OBCL to pass the cancellation request and after the contract gets reversed in OBPM, the payment system sends the reversal handoff notification to OBCL to pass the actual reversal entries. Thus, the cancellation message (MTn92) from OBPM is supported. A new batch job is introduced that allows the payment message request to be passed to OBPM for the future dated loan contracts/Value Dated Amendments for any principal increase originated from OBCL considering the settlement generation days. Service PMSinglePayOutService is called from OBCL to pass the future dated request and after the transaction gets processed in OBPM, the payment system sends the payment message on SGEN date itself. Hence, generation of future dated Payment messages (MT103/MT202) from OBCL is supported.
For Loans - Payments integration, beneficiary charges on payment is sent as part of Single Payout Service (SPS OUT) and also accounting entries are displayed that are handed off from OBPM in Contract Online Screen (Events > Accounting Entries tab).
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