2.12.19 Accounts and Contracts screen

This topic provides the information on Accounts and Contracts screen.

1. On the Home screen, specify GCDCOLAC in the text box and click the icon.
2. On Accounts and Contracts screen , click the Linked Accounts and Contracts tab.
   The Linked Accounts and Contracts screen is displayed.

   Figure 2-84 Linked Accounts and Contracts

   
   

   
   Description of "Figure 2-84 Linked Accounts and Contracts"

   
   

   Using this screen, customer collateral of type Accounts and Contracts can be maintained. Multiple Accounts and Contracts records can be linked to same customer collateral. Collateral value is updated duly considering amount of these Accounts and Contracts.

   Wherever contract / account currency is different from collateral currency, contract contribution is converted to collateral currency as per rate configured and collateral value is updated.

   The accounts / contracts that can be configured in the ‘Accounts and Contracts Details’ screen can be anything like term deposit, current account, savings accounts, corporate deposit, bills, LC, and MM. Wherever ELCM is configured with FCUBS and/or Trade / OBTR application, the accounts / contracts are fetched from FCUBS / Trade / OBTR application along with its details.

   When multiple accounts and contract records are added to customer collateral, last of end dates is updated as collateral end date. At the end date of the last record, collateral value is updated as zero.

   You can fetch account details from FCUBS through external drop-down list. Instead of earlier push approach, modified pull approach fetches the accounts for the particular customer for the selected account type for creation of collateral.

   Note:

   Modification of the collateral where Corporate Deposit account is linked is restricted.

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

   Table 2-100 Linked Accounts and Contracts - Field Description

   Field	Description
   Account Type	Select the Account Type from the drop down list. The options available are: BC Corporate Deposit Current Account Customer Access Letter of Credit Money Market SB Term Deposit
   Third Party Customer	If the account type is THIRD PARTY DEPOSIT, then click the icon and select the third party (this gets enabled) and fetch the deposit details of third party customer for creating collateral.
   Contract Preference	Click the icon and select the preference from the list.
   Lien Description	Specify the description for lien marking on the deposit.
   Contract Contribution	Specify the Contract Contribution. Blocking of amount at respective contract or account level in FCUBS / Trade application will be based on the specified ‘Contract Contribution’. Note: Blocking is not supported for MM account.
   Maturity Date	Maturity date of the account/contract is fetched from FCUBS. When multiple records are having different maturity dates, collateral value is reduced to the extent of account on reaching maturity date. On maturity date, collateral value is updated as zero. Note: Maturity date of Third party TD is not defaulted as Collateral End date. System nullifies the Maturity date.
   Lien Amount	Lien amount is fetched from FCUBS / Trade application. For LC and BC accounts, lien amount is updated at the table level alone. User can query the lien amount in sttm_tf_collat_cont_contrib. For term deposit account, lien amount can be viewed in the STDAMBLK screen. For CASA, lien amount can be viewed in the CASAMBLK screen.
   Amount In Collateral Currency	Wherever account/contract currency is different from collateral currency, account/contract value in the collateral is converted to collateral currency as per rate configured and collateral value is updated. Following sub-screens are not relevant to Accounts & Contracts type of collateral. Appropriate message will be displayed to the user when the same are invoked for entering data at the time of collateral maintenance. Insurance Field investigation details Valuation details
   Date of Agreement	Specify the date on which the deposit agreement is signed.
   Liability / Customer	Liability/Customer is only for internal tracking and not relevant to the user perspective. If Third Party customer is not selected then Liability/Customer will have the value same as Liability on the main screen. If Third Party customer is selected then Liability/Customer will have the value same as Third Party customer.
   Service Call	Service Call used to distinguish between the contracts that are fetched from Netting Maintenance screen (GEDACCNT) which would have the value as ‘I’ and the contracts that are fetched from External System which would have the value as ‘E’. Only for the contracts chosen from the external system (having Service Call = E),system would initiate webservice request to place a block for the mentioned amount.

3. Click Save to save the record.