3.1 Create Program

This topic provides systematic instructions to create program.

A Corporate can create program(s) to link their business counterparts (who are referred to as Counter Parties) together, so that the parties can avail finance. A program is created using a finance product that would be availed by the counter parties or the Anchor (one who creates the program) depending on who the borrower is, in the finance product. The finance product is fetched from the bank’s system.

A counter party can be linked to a program only when they are successfully onboarded into the bank’s system. For more information on onboarding a counterparty and inquiring related details, refer User Manual Oracle Banking Digital Experience Receivables Payables Management.

Using this option, user can create a SCF program to manage invoices / purchase orders. It allows user to define major parameters at the program level like auto-acceptance or auto-financing of the invoices.

1. Perform any of the following actions:
   • From the Dashboard, click the Toggle Menu, and then click Supply Chain Finance. Under Supply Chain Finance, click Program Management, then Program Management, and then click Create Program.
   • From the Dashboard, click the Toggle Menu, and then click Supply Chain Finance. Under Supply Chain Finance, click Program Management. Under Program Management, click View Program, and then click Create New Program.
   • From the Dashboard, click the Toggle Menu, then click Supply Chain Finance. Under Supply Chain Finance, click Overview. Under Overview, click Quick Links, and then click Create Program.
   The Create Program screen displays.

   Figure 3-1 Create Program - Program Parameters

   
   

   
   Description of "Figure 3-1 Create Program - Program Parameters"

   
   

   For more information on fields, refer to field description table.

   Table 3-1 Create Program - Field Description

   Field Name	Description
   Program Parameters	This section displays the program parameters.
   Party Name and ID	Select the party name from the drop-down list for which the program must be created. By default, the primary party of the logged-in user is selected. The program will be created for the selected party and not for the logged in party. Note: Only accessible parties are displayed to the user.
   Product	Select a suitable program type. You can view the attributes of the selected type by clicking the View Attributes link. The Type of Program determines the following: Whether the program is buyer-centric or supplier-centric, based on the role of the logged-in party. Whether the program is to be used for financing invoices or purchase orders. The borrower of finances in the program, (whether Anchor or Spoke). Financial parameters such as, minimum and maximum finance that can be requested; minimum and maximum tenor for the finances and so on. Repayment parameters, such as, the sequence of finance repayment (interest, principal, and overdue interest) before, on, and after the due date; whether pre-payment and part payment are allowed and so on.
   View Attributes	Click on the link to view the attributes, finance parameters, and repayment parameters of the selected program type. For more information, refer to View Attributes section.
   Program Name	Specify a unique name for the program to be created.
   Program Code	Specify a unique code for the program to be created.
   Validity From	Select the date of creation of the program. By default, it is the current business date of the bank. You can enter a future date if required.
   Validity To	Select the date until when the program will be valid. It should be a future date.
   Auto Acceptance	Switch the toggle to Yes to auto accept invoices or purchase orders. The invoices uploaded under this program will automatically be deemed as accepted after the specified number of days, if not explicitly accepted by the buyer. The purchase orders uploaded under this program will automatically be deemed as accepted after the specified number of days, if not explicitly accepted by the supplier.
   Number of Days for Auto Acceptance	Specify the number of days after which the invoices/purchase orders will be deemed as accepted, if not explicitly accepted by the buyer/supplier. This field is enabled only if the Auto Acceptance toggle is set to Yes.
   Auto Assignment	Switch the toggle to Yes if the assignment is to be performed automatically post invoice/purchase order upload. This field is enabled only if the selected Product is invoice based.
   Finance Parameters	This section displays the finance parameters.
   Auto Finance	Switch the toggle to Yes to automatically finance invoices or purchase orders (post acceptance) that are uploaded under the program.
   Disbursement Currency	Select the disbursement currency for the program. This field is mandatory, if the Auto Finance toggle is set to Yes.
   Disbursement Mode	Select the preferred disbursement mode of finance amount for the program. The options are: Account Transfer Cheque EFT This field is mandatory, if the Auto Finance toggle is set to Yes.
   Minimum Finance (%)	Specify the minimum finance percentage allowed for financing a transaction (invoice/purchase order) under this program.
   Maximum Finance (%)	Specify the maximum finance percentage allowed for financing a transaction (invoice/purchase order) under this program.
   Minimum Tenor (Days)	Specify the minimum tenor allowed for financing a transaction under this program.
   Maximum Tenor (Days)	Specify the maximum tenor allowed for financing a transaction (invoice/purchase order) under this program.
   Minimum Assignment (%)	Specify the minimum percentage of the assignment allowed for financing a transaction (invoice) under this program. This value should be less than the maximum finance percentage defined. This field is enabled only, if the selected Product is invoice based.
   Maximum Assignment (%)	Specify the maximum percentage of the assignment allowed for financing a transaction (invoice) under this program. This value should be more than the minimum finance percentage defined. This field is enabled only, if the selected Product is invoice based.
   Auto Debit Applicable	Switch the toggle to Yes, if auto debit is applicable for this program to recover the outstanding finance due from the borrower.
   Repayment Parameters	This section displays the repayment parameters.
   Excess Payment Handling	Select how to handle any excess payment made towards the settlement of an outstanding invoice/finance. The options are: Auto-Reconcile Auto-Reconcile and Refund Manually Reconcile Refund to beneficiary or payment party
   Excess Payment Refund Party	Select the party to refund the excess amount. The options are: Beneficiary/Counter Party Payment Party This field is enabled only, if Refund to beneficiary or payment party is selected in the Excess Payment Handling.
   Excess Payment Refund Mode	Select the mode of payment for the excess payment refund. The options are: Account Transfer Cheque EFT This field is enabled only, if Refund to beneficiary or payment party is selected in the Excess Payment Handling.
   Margin Amount Handling	Select how the margin should be handled. Margin is generated when invoice payment is made against financed invoices where finance amount is less than the invoice amount. Margin Amount can then be utilized as per options listed. The options are: Refund to the Supplier Settle with Outstanding Finances Manually Settle O/s Finances Auto-Settle and Refund to Supplier
   Margin Amount Refund Mode	Select the mode of payment for the margin amount refund. The options are: Account Transfer Cheque EFT This field is enabled only if Refund to the Supplier or Auto-Settle and Refund to Supplier is selected in the Margin Amount Handling.
   Interest Refund Handling	Select how the interest refund should be handled. Interest is refunded in cases where interest is front ended and collected upfront. During settlement before maturity the interest needs to be refunded based on this maintenance. The options are: Auto-Settle and Refund to IBP Manually Settle O/s Finances Refund to the Interest Bearing Party Settle with Outstanding Finances
   Interest Refund Payment Mode	Select the mode of payment for the interest amount refund. The options are: Account Transfer Cheque EFT This field is enabled only if Refund to the Interest Bearing Party or Auto-Settle and Refund to IBP is selected in the Interest Refund Handling.

2. This overlay window is displayed when user click the View Attributes link in the Create Program screen.
   It displays the attributes associated with the Product selected.

   Figure 3-2 View Attributes

   
   

   
   Description of "Figure 3-2 View Attributes"

   
   

   For more information on fields, refer to field description table.

   Table 3-2 View Attributes - Field Description

   Field Name	Description
   Product Attribute	This section displays the product attribute.
   Product Code	Displays the unique code associated with the product.
   Product Category	Displays the type of receivable/payable that will be financed. For example, invoice or purchase order or debit note.
   Product Description	Displays the description of the product.
   Borrower	Displays whether the borrower is the anchor or the spoke.
   Product Type	Displays the type of the product.
   Acceptance Applicable	Displays whether the receivables/payables raised under the product is applicable for financing.
   Auto Acceptance	Displays whether the receivables/payables raised under the product to be accepted automatically post invoice upload.
   Accounting Applicability	Displays whether the accounting is applicable.
   Credit Limit Applicability	Displays the credit limits applicability to the product.
   Effective Date	Displays the date from when the product has been active.
   Expiry Date	Displays the expiry date of the product.
   Finance Parameter	This section displays the finance parameter.
   Auto Finance Applicable	Displays whether the receivables/payables raised under the product will be automatically financed, or not.
   Preferred Disbursement Mode	Displays the preferred mode of transferring the finance amount.
   Preferred Settlement Mode	Displays the preferred mode of transferring the settlement amount.
   Minimum Finance %	Displays the minimum percentage of the receivable/payable amount that will be financed.
   Maximum Finance %	Displays the maximum percentage of the receivable/payable amount that will be financed.
   Minimum Tenor (Days)	Displays the minimum finance tenor in days.
   Maximum Tenor (Days)	Displays the maximum finance tenor in days.
   Stale Period (Days)	Displays the period in days after which the receivable/payable becomes stale and cannot be financed any more.
   Minimum Waiting Period (Days)	Displays the minimum period in days up to which the finance cannot be closed, in case pre-closure is allowed.
   With Recourse	Displays whether the finance is with or without recourse.
   Grace Days	Displays the number of days allowed as grace period. It is the period over and above the due date during which the payment may be done by the borrower without penalty or interest.
   Holiday Treatment for Future Funding	Displays how the finance disbursement date is handled if it falls on a bank holiday.
   Multiple Disbursement Allowed	Displays whether multiple disbursements of the finance amount is allowed or not.

   Figure 3-3 View Attributes – Repayment Parameter

   
   

   
   Description of "Figure 3-3 View Attributes – Repayment Parameter"

   
   

   For more information on fields, refer to field description table.

   Table 3-3 View Attributes - Field Description

   Field Name	Description
   Repayment Parameter	This section displays the repayment parameter.
   Pre Payment Allowed	Displays whether the finance can be repaid prior to the finance maturity date.
   Part Payment Allowed	Displays whether the finance can be repaid in parts.
   Maturity Date Calculation	Displays the basis on which the maturity date of the finance is calculated.
   Holiday Treatment for Maturity Date	Displays how the finance maturity date is handled if it falls on a bank holiday.
   Reconciliation Towards	Displays what the reconciliation will be matched against.
   Auto Debit Applicability	Displays whether auto debit is applicable for finance repayment.
   On Due Date	Displays the order in which the principal, and the interest is paid on the finance maturity date.
   Before Due Date	Displays the order in which the principal, and the interest is paid prior to the finance maturity date.
   After Due Date	Displays the order in which the principal, interest, and overdue interest is paid post the finance maturity date.
   Non Performing Assets	Displays the order in which the principal, interest, and overdue interest is paid if the finance repayment gets defaulted or missed.
   Interest Refund Handling	Displays how the interest refund is handled.
   Interest Refund Payment Mode	Displays the mode of payment for the interest refunds.
   Excess Refund Handling	Displays how the excess payment made towards settling of outstanding invoice/finance, is handled.
   Excess Refund Party	Displays the party to whom the excess refund amount is credited.
   Excess Refund Payment Mode	Displays the mode of payment for the excess refunds.
   Margin Handling	Displays how the margin refund is handled.
   Margin Refund Payment Mode	Displays the mode of payment for the margin refunds.
   Auto Settlement Applicable	Displays whether the finance availed against receivables/payables under the product will be settled automatically.
   Liquidation Order for Auto Debit	Displays the auto-debit liquidation order in case partial funds are debited from the payment party on auto-debit. This field is displayed only, if the Auto Debit Applicability toggle is set to Yes.
   Debit Party on Due Date	Displays the party from whose account the amount should be debited if the business date is same as the finance maturity date. This field is displayed only, if the Auto Debit Applicability toggle is set to Yes.
   Debit Account Type on Due Date	Displays the account type to be debited, if the business date is same as the finance maturity date. This field is displayed only, if the Auto Debit Applicability toggle is set to Yes.
   Debit Party after Due Date	Displays the party from whose account the amount should be debited, if the business date is greater than finance maturity date. This field is displayed only, if the Auto Debit Applicability toggle is set to Yes.
   Debit Account Type After Due Date	Displays the account type to be debited if the business date is greater than finance maturity date. This field is displayed only, if the Auto Debit Applicability toggle is set to Yes.

3. Once the above details are entered, click Next to navigate to the Link Counter Parties screen. The screen displays a list of all counter parties that are onboarded by the anchor. Or, do one of the following:
   • Click Cancel to cancel the transaction.
   • Click Back to go to the main dashboard.

   Figure 3-4 Create Program - Link Counter Parties

   
   

   
   Description of "Figure 3-4 Create Program - Link Counter Parties"

   
   

   For more information on fields, refer to field description table.

   Table 3-4 Create Program - Field Description

   Field Name	Description
   Link Counter Parties	This section displays the link counter parties.
   Program Type	Display the program type selected in the Program Parameters step.
   Program Name	Display the program name entered in the Program Parameters step.
   Program Id	Display the program ID entered in the Program Parameters step.
   Select Counterparties	This section displays a list of onboarded counterparties in alphabetical order. A tile is displayed for each counterparty. You can individually select the parties to be linked to the program, or click Select All to link all of them to the program.
   Counterparty Tile	Each tile displays the following details.
   Short Name	Display the initials of the counter party.
   Counter Party Name and ID	Displays the counter party’s name and ID.
   View/Edit Attributes	Clicking this link displays the View/Edit Attributes overlay window. User can define the attribute values that are specific to the counterparties in the view/edit attributes overlay window.

   Figure 3-5 Link Counter Parties – View/Edit Attributes

   
   

   
   Description of "Figure 3-5 Link Counter Parties – View/Edit Attributes"

   
   

   For more information on fields, refer to field description table.

   Table 3-5 Link Counter Parties - Field Description

   Field Name	Description
   View/Edit Attributes	This section displays the view/edit attributes.
   Counter Party Id	Displays the counter party ID.
   Counter Party Name	Displays the counter party Name.
   Auto Finance Applicable	Switch the toggle to Yes to automatically finance invoices/purchase orders (post acceptance) that are uploaded under the program for this counterparty.
   Auto Debit Applicable	Switch the toggle to Yes, if auto debit is applicable for this counterparty to recover the outstanding finance due from the borrower.
   Disbursement Currency	Select the disbursement currency for this counterparty. This field is mandatory, if the Auto Finance toggle is set to Yes.
   Disbursement Mode	Select the preferred disbursement mode of finance amount for this counterparty. The options are: Account Transfer Cheque EFT This field is mandatory, if the Auto Finance toggle is set to Yes.
   Minimum Finance (%)	Specify the minimum finance percentage allowed for financing a transaction (invoice/purchase order) for this counterparty.
   Maximum Finance (%)	Specify the maximum finance percentage allowed for financing a transaction (invoice/purchase order) for this counterparty.
   Minimum Tenor (Days)	Specify the minimum tenor allowed for financing a transaction for this counterparty.
   Maximum Tenor (Days)	Specify the maximum tenor allowed for financing a transaction (invoice/purchase order) for this counterparty.
   Minimum Assignment (%)	Specify the minimum percentage of the assignment allowed for financing a transaction (invoice) for this counterparty. This value should be less than the maximum finance percentage defined. This field is enabled only, if the selected Product is invoice based.
   Maximum Assignment (%)	Specify the maximum percentage of the assignment allowed for financing a transaction (invoice) for this counterparty. This value should be more than the minimum finance percentage defined. This field is enabled only, if the selected Product is invoice based.
   Repayment Parameters	This section displays the repayment parameters.
   Excess Payment Handling	Select how to handle any excess payment made towards the settlement of an outstanding invoice/finance for this counterparty. The options are: Auto-Reconcile Auto-Reconcile and Refund Manually Reconcile Refund to beneficiary or payment party
   Excess Payment Refund Party	Select the party to refund the excess amount for this counterparty. The options are: Beneficiary or Counter Party Payment Party This field is enabled only, if Refund to beneficiary or payment party is selected in the Excess Payment Handling.
   Excess Payment Refund Mode	Select the mode of payment for the excess payment refund for this counterparty. The options are: Account Transfer Cheque EFT This field is enabled only, if Refund to beneficiary or payment party is selected in the Excess Payment Handling.
   Margin Amount Handling	Select how the margin should be handled for this counterparty. Margin is generated when invoice payment is made against financed invoices where finance amount is less than the invoice amount. Margin Amount can then be utilized as per options listed. The options are: Refund to the Supplier Settle with Outstanding Finances Manually Settle O/s Finances Auto-Settle and Refund to Supplier
   Margin Amount Refund Mode	Select the mode of payment for the margin amount refund for this counterparty. The options are: Account Transfer Cheque EFT This field is enabled only, if Refund to the Supplier or Auto-Settle and Refund to Supplier is selected in the Margin Amount Handling.
   Interest Refund Handling	Select how the interest refund should be handled for this counterparty. Interest is refunded in cases where interest is front ended and collected upfront. During settlement before maturity the interest needs to be refunded based on this maintenance. The options are: Auto-Settle and Refund to IBP Manually Settle O/s Finances Refund to the Interest Bearing Party Settle with Outstanding Finances
   Interest Refund Payment Mode	Select the mode of payment for the interest amount refund for this counterparty. The options are: Account Transfer Cheque EFT This field is enabled only, if Refund to the Interest Bearing Party or Auto-Settle and Refund to IBP is selected in the Interest Refund Handling.

4. You can also use the alphabetical index to navigate to parties whose names begin with a specific letter.
5. Select the check box(es) against the counterparty(ies) to link with the program.

   Note:

   Click Select All to select all counterparties in the list. Click Deselect All to deselect all the selected ones.
6. Click the View/Edit Attributes link to update the attributes for each of the selected counterparty(ies).
7. Click Submit to create a program. The Review screen appears. Or, do one of the following:
   • Click Cancel to cancel the transaction.
   • Click Back to navigate back to the previous screen.
8. In the Review screen, verify the details, and click Confirm. A confirmation message of request initiation appears along with the reference number. Or, do one of the following:
   • Click Cancel to cancel the transaction.
   • Click Back to navigate back to the previous screen.
9. Click the View Program link to view the details of existing programs. Or, do one of the following:
   • Click the Supply Chain Dashboard link to go to Supply Chain Dashboard.
   • Click the Go To Dashboard link to go to main dashboard.

   Note:

   Once the Create Program transaction is submitted by the Corporate Maker, it is sent for approval. It appears in the Pending for Approval list of the corporate approver. The approver can approve, or reject, or send the transaction back to the maker for modifications, with relevant comments. Corresponding notifications are sent to the Maker.

   The Maker can then view, claim, and edit the transaction. Upon modification, it can be submitted for approval again. The approver again has the option to approve, reject or send the transaction back for modification. There is no limit to the number of times the transaction can be sent back for modification.

   Once approved, the transaction appears in the Approver’s My Approved List.