1.6.3 Integration Process of OL and ELCM
Table 1-6 Integration Process of OL and ELCM
Process | Description |
---|---|
Forward Init | As part of loan batch process for contract marked for initiation
on processing date, the system picks and processes the
FWDINIT on processing date.After
processing FWDINIT, the system sends a
request to ELCM system (if any limits are linked to contract) for
Utilization of contract amount.
After success response from the ELCM system, the system authorizes the FWDINIT process.For failure response from ELCM system, the system roll backs the FWDINIT process (after roll back contract details are logged into exception table) |
Forward VAMI | As part of loan batch process for contract marked for VAMI on
processing date, the system picks and processes the
FWDVAMI on processing date. After
processing FWDVAMI, the system sends a request to ELCM system (If
any limits are linked to contract) for Utilization/ De-Utilization
of contract amount.
After success response from the ELCM system, the system authorizes the VAMI process. For failure response from ELCM system, the system roll backs the FWDVAMI process (after roll back contract details are logged into exception table) |
Auto Liquidation and Forward Liquidation | As part of loan batch process for contract marked for Liqudation
on processing date, the system picks and processes the liquidation
on processing date. After processing the system sends a request to
ELCM system (If any limits are linked to contract) for
Utilization/De- Utilization of contract amount.
After success response from the ELCM system, the system completes the liquidation process. For failure response from ELCM system, the system roll backs the liquidation process (after roll back contract details are logged into exception table). |
ACCRUAL | As part of loan batch process for contract marked for
ACCRUAL on processing date, the system
picks and processes the ACCRUAL process on
processing date. After processing accrual process, the system sends
a request to ELCM system (If any limits are linked to contract) for
Utilization/De-Utilization of contract amount.
After success response from the ELCM system, the system authorizes the accrual process. For failure response from ELCM system, the system roll backs the ACCRUAL process (after roll back contract details are logged into exception table). |